DWF Ventures: Comprehensive Analysis of the Ton Ecosystem

Source: DWF Ventures X Account

Author: DWF Ventures

Compiled by: ShenChao TechFlow

@ton_blockchain and @thenotcoin are on the rise. 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 Widely Adopted

This is thanks to the era of crypto mini-apps, where @ton_blockchain has a strong distribution channel through Telegram. The logic behind it is similar to WeChat mini-games, allowing the general public to easily access and frequently interact.

For most consumer projects, user adoption is usually a pain point, but @ton_blockchain makes it easier. Since its launch, the popular 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 Rising

In the past two months, the DeFi TVL of @tonblockchain has grown 13 times, exceeding $400 million. Leading DEXs include @stonfi and @dedust_io, whose TVLs have increased 15 times and 12 times respectively since March.

See tweet for details

Additionally, liquidity staking platforms like @tonstakers and @bemo_finance have performed outstandingly in terms of liquidity growth.

TON stakers can earn yields and receive liquid staking tokens that can be used for other DeFi purposes.

A key catalyst for Ton DeFi is the partnership with @Tetherto, which expands USDT on @tonblockchain and drives payments on Telegram.

Moreover, @PanteraCapital's recent investment in TON has brought more attention and confidence to the entire TON ecosystem.

Smooth User Experience Wallet

With integration with Telegram, the user experience of the @ton_blockchain wallet has been streamlined.

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

Ecosystem Support

The @tonblockchain ecosystem is thriving, supported by the @tonstarter launch platform, which helps many projects raise funds.

Additionally, @toncoinfund is a $250 million TON ecosystem fund that invests in strong teams aspiring to build on the open network.