The TON game has skyrocketed in popularity this year, attracting hundreds of millions of users in just a few months. Alena Shmalko and Jack Booth of the TON Foundation offer their perspective on how TON got to this point after Telegram’s run-in with the SEC.
Posted on July 23, 2024 at 12:00 PM EST.
You can listen to this episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or your favorite podcast platform.
The Open Network, aka TON, has been experiencing rapid growth since late February. TVL has soared 34x since the start of the year, to over $750 million as of record time. TON’s price has more than tripled from $2 to $7, and the number of daily active addresses surpassed Ethereum in May and June. Games with fun names like Hamster Combat and Katizen have risen in popularity, and OG crypto investor Pantera Capital has made its largest investment in TON to date.
In this episode, Alena Shmalko and Jack Booth from the TON Foundation discuss how TON was able to gain this momentum after a rocky start that saw the SEC going after its original founder, Telegram.
Show highlights:
A look at Alena and Jack’s backgrounds and how they came to join TON According to Jack, how TON evolved from Telegram to where it is today and how it started to gain momentum this year How The Open League has contributed to the growth of TON’s TVL and other key metrics How Telegram and TON’s collaboration has evolved over time and to what extent they work together Whether TON plans to integrate with apps other than Telegram What aspects of TON’s architecture make it so scalable How Notcoin works and why it’s been so successful Is the rise of games like Notcoin and Hamster Kombat sustainable? The importance of USDT in TON When will Bitcoin’s trustless bridge be introduced and why is it important Is TON being used by criminals and what can be done to combat it What strategies will TON need to reach $1 billion in TVL by the end of the year
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Previous coverage of TON’s Unchained:
History and structure
Knotcoin:
Hamster Combat
