The Open Network, aka TON, has been on a tear since late February. TVL has skyrocketed 34x since the beginning of the year, reaching over $750 million as of the time of recording. The price of TON has more than tripled from about $2 to $7, and daily active addresses recently exceeded those of Ethereum in May and June. Games with fun names like Hamster Kombat and Catizen are gaining traction, and Pantera Capital, an OG crypto investor, is making its largest investments yet in TON.

In this episode, Alena Shmalko and Jack Booth from the TON Foundation discuss how TON has managed to garner this traction, especially after a rocky start when the SEC went after the original founder, Telegram.

Show highlights:

00:00 Intro
02:13 Alena’s and Jack’s backgrounds and how they ended up at TON
05:35 How TON evolved from its origins with Telegram to its current status and how it began getting traction this year, according to Jack
11:21 How The Open League helped TON grow its TVL and other important metrics
15:40 How Telegram's collaboration with TON has evolved through time and how much they work together
24:47 Whether there are plans for TON to integrate with apps beyond Telegram
30:15 What in TON’s architecture allows it to be extremely scalable
33:20 The mechanics of Notcoin and why it has been so successful
36:49 Whether the rise of games like Notcoin and Hamster Kombat can be sustainable
46:05 The importance of USDT in Ton
51:53 When might a Bitcoin trustless bridge be deployed and why it could be significant
54:43 Whether TON is being used by criminals and what could be done to combat it
58:59 What strategies will lead TON to have $1 billion in TVL by the end of the year

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Polkadot

Guests:

Alena Shmalko, Ecosystem Lead at the TON Foundation
Jack Booth, Director of Marketing at the TON Foundation

Links

History & Structure

Notcoin:

Hamster Kombat

Cointelegraph: Hamster Kombat destined for Guinness World Record?

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Apps on the TON Blockchain Have Become Extremely Popular. Is It Sustainable? - Ep. 678 01:09:03 Share

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Shownotes Transcript

Apps on the TON Blockchain Have Become Extremely Popular. Is It Sustainable? - Ep. 678