Discover the top 6 innovative projects driving massive growth on the TON blockchain, including popular games and decentralized finance platforms.
The TON blockchain ecosystem is experiencing a surge in user adoption, largely fueled by the introduction of several innovative projects. The Open Network (TON) blockchain and its native cryptocurrency, Toncoin, have recently become hot topics in the cryptocurrency community.
Originally launched in 2018 by the creators of the encrypted messaging app, Telegram, TON was envisioned as a platform designed for decentralized applications and services.
TON’s association with Telegram has been instrumental in capturing the interest of Telegram’s vast user base. With a seamless integration process, Telegram users can effortlessly dive into the world of the TON blockchain.
A key driver of TON’s growth is the TON Foundation’s dedication to fostering a robust ecosystem. Initiatives like grants and the TON Open League provide incentives for developers to build on the blockchain.
In recent months, TON has witnessed explosive growth, with a number of viral applications gaining significant traction. Below are six of the most prominent projects currently making waves on the network:
1. DeDust
Launched in November 2022 as a non-fungible token (NFT) marketplace, DeDust has evolved into a comprehensive decentralized exchange. It now stands as one of the most prominent decentralized applications in the TON ecosystem, boasting a daily trading volume of $30.5 million. Users can easily trade assets through an intuitive interface after connecting to a compatible TON wallet. DeDust also offers features such as a decentralized portfolio tracker and a passive income option through staking its native token, SCALE. SCALE staking provides daily rewards based on the staked amount and exchange-generated fees.
2. Notcoin
Notcoin, launched in November 2023, rapidly gained popularity and achieved a market capitalization of $2.8 billion by July 2024, attracting over 30 million users. The project rewards players for completing in-game quests and tasks, using a tap-to-earn model. Users can boost their earnings by inviting friends, logging in regularly, and forming teams. According to Vincent Maliepaard from IntoTheBlock, Notcoin is an innovative way to introduce new users to the crypto space.
3. Tonstakers
Tonstakers is a leading liquid staking protocol within the TON network. This decentralized platform allows users to stake their Toncoin (TON) and receive tsTON, a derivative token that generates revenue over time. With more than 71,000 tokenholders staking assets valued at over $260 million, Tonstakers offers attractive annualized returns of over 3% on tsTON. These tokens can be exchanged or used for various transactions on supported platforms.
4. Hamster Kombat
Hamster Kombat, a click-to-earn game launched in March 2024 by Notcoin, has quickly become one of the most popular games on TON. Players earn tokens by clicking on the “Hamster CEO,” with gameplay involving point accumulation and leaderboard rankings. The game also incorporates non-fungible tokens (NFTs), allowing players to exchange hamster characters within the game.
5. Wallet
The Telegram-integrated “Wallet” is a custodial cryptocurrency wallet, enabling users to send, receive, and exchange crypto directly through Telegram. This wallet, implemented as a bot within the app, offers features such as commission-free instant transfers between Telegram users and seamless integration with bank cards for topping up cryptocurrency.
6. TON Domains
TON Domains allows users within the TON ecosystem to register unique domain names, which can serve as nicknames instead of traditional wallet addresses. The decentralized nature of TON DNS provides a significant advantage over conventional DNS services, as users retain full control over their domains without the risk of being blocked by a central authority.
These projects are just a glimpse into the flourishing TON ecosystem, which continues to attract new users and developers alike, promising a bright future for decentralized applications on the blockchain.
