DWF Ventures: A complete analysis of the Ton ecosystem

Original source: DWF Ventures

Original translation: Deep Tide TechFlow

TON and NOT are soaring. As long-term supporters of the TON ecosystem, we have compiled a list of projects built on this ecosystem.

Notcoin and other mini-programs are being adopted on a large scale

This is thanks to the era of crypto mini-apps, where @ton_blockchain has a strong distribution channel through Telegram. The logic behind is similar to WeChat mini-games, which are easily accessible to mass retail investors and frequently interacted with.

User adoption is usually a pain point for most consumer projects, but @ton_blockchain makes it easier. Since its launch, the famous click-to-earn game @thenotcoin has attracted 35 million users. @CatizenAI and @fanzeelabs have also attracted millions of users in the past few weeks.

(See tweet for details)

DeFi is on the rise

@ton_blockchain DeFi TVL grew 13x to over $400M in the past two months. Leading DEXs include @ston_fi and @dedust_io, which have seen their TVL grow 15x and 12x respectively since March.

（See tweet for details）

In addition, liquid staking platforms like @tonstakers and @bemo_finance have stood out in terms of liquidity growth.

TON stakers are able to earn yield and receive liquid staking tokens that can be used for other DeFi purposes.

A key catalyst for TON DeFi is the @Tether_to partnership, expanding USDT on @ton_blockchain and driving payments on Telegram.

In addition, @PanteraCapital’s recent investment in TON has brought more attention and confidence to the entire TON ecosystem.

Smooth UX Wallet

The @ton_blockchain wallet’s UX has been streamlined through integration with Telegram.

Users can easily connect their custodial/non-custodial wallets on Telegram and perform any transaction, such as trading.

Ecosystem Support

The @ton_blockchain ecosystem is developing well and is supported by the @ton_starter launch platform, which helps many projects raise funds.

In addition, @toncoinfund is a $250 million TON ecosystem fund that invests in strong teams with ambitions to build on the open network.

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