All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- TON becomes Telegram’s exclusive blockchain for its mini app ecosystem, integrating TON Connect for wallet connections.
- All Telegram mini apps must adopt TON Connect as their exclusive wallet connection protocol within one month.
TON is currently the exclusive blockchain infrastructure supporting Telegram’s mini app ecosystem. TON Connect, the only protocol used to link Telegram mini apps with blockchain wallets, is adopted in the cooperation under the blockchain wallet connection paradigm, according to VentureBeat.
All mini apps have one month to apply the protocol according to Telegram. The choice was taken in line with Telegram’s initiatives to raise blockchain technology’s inclusion on its platform, which today has over 900 million monthly active users.
Empowering Mini Apps with TON’s Blockchain Advancements
Mini apps on Telegram may use faster transactions, more security, and several decentralized services, including DeFi and NFTs, thanks to TON’s support. Furthermore, the TON Connect protocol will streamline direct from within the Telegram platform authentication and interaction with decentalized apps (dApps).
This is supposed to give users convenience and open chances for developers to design creative blockchain apps. The TON Foundation has provided funds ranging from $50,000 for projects moving to TON within 30 days in order to assist this change. Projects that the Foundation has already approved cannot participate in this initiative, nevertheless.
Apart from working with Telegram, Toncoin has shown notable expansion in the market. Whale activity on the network has increased by 80% in January, and overall transactions on the network equal $8.75 billion.
While the price of TON, its native token, had dropped by 15% to $5.71 at that time, the ecosystem kept expanding with the introduction of fresh goods like TON Storage and clever alliances with top DeFi projects.
Centralization Concerns and Market Stability for Toncoin
Still, there are questions over Toncoin’s centralizing tendency. According to a study, a number of big wallets still hold 91% of the whole token supply. This condition increases the possibility of more market volatility since significant movements from big wallets can substantially affect the price.
CNF previously reported that an analyst had pointed out long-term Toncoin support with a projected rally target of up to 100%. Given that the blockchain sector is about to enter a new phase in 2025, which is predicted to end the bearish trend of past years, the analyst advised investors to have a long-term perspective.
Meanwhile, TON was swapped hands at about $5.22 at the time of writing, up 5.31% over the last 24 hours, and driving its market cap above the $12 billion mark.
