THE BULL RUN IS HERE!!!
Or, wait, let me rephrase, the Bitcoin Halving comes up this year.
We’ll be seeing different people FOMO-ing into the crypto space. Also, the real dwellers will be eating well.
Whether you’re part of the former or the latter, the TON ecosystem is a blockchain you don’t want FADE.
You saw the parabolic move on $ARB, $MATIC, $AVAX, $SOL, $METIS etc. Now, let’s check out TON and important dApps you’ll need while navigating this promising space.
The Open Network (TON) is a robust blockchain with remarkable capabilities like high speed, top-notch security, and scalability. It has the potential to handle MILLIONS of transactions per second.
Initially proposed by the developers of Telegram, TON’s ongoing development and governance lie within the TON community’s hands. Notably, TON’s functionalities span smart contracts, tokenization of social networks and messaging apps, cross-chain bridges, and integration with internet protocols such as TON DNS.
In contrast to Bitcoin and Ethereum, primarily serving as stores of wealth and limited by sluggish transaction speeds, TON is designed to focus on seamless everyday use. Its foundation is grounded in
- low transaction costs
- swift throughput
- user-friendly applications
- ecological sustainability
- extensive feature set.
TOKENOMICS
The primary native coin of the TON BLOCKCHAIN is $TON, previously recognized as $GRAM. Like other blockchain networks, this digital token serves several purposes within the ecosystem.
- Cross-Chain Activities: $TON is pivotal in facilitating native cross-chain network activities.
- Transaction Payments and Smart Contracts: Users utilize $TON to pay for transaction fees (gas) and engage with smart contracts, contributing to the seamless functioning of the TON ecosystem.
And other functions like Network Resource Access, Staking Nodes Deployment, On chain Governance Participation, etc.
Here are some important dApps on TON Ecosystem
- Liquid staking : Hipo Finance
- DEX Aggregator : OPTUS
- Collateralized platform for NFTs : DAOLama
- More liquid staking : Bemo Finance
- Lending protocol : EVAA protocol
- Over-collaterized interest-bearing stablecoins : Aqua Protocol
- Swap : SimpleSwap
- Wallet: TonKeeper
Till next time (hopefully soon), I
I’m Zee, and I’m a DeFi content strategist/researcher. Also, I simplify content for DeFi protocols.
If you’ve learnt something here, kindly give a clap, like, and follow me for more DeFi research tips.
