Telegram has recently achieved a major milestone by reaching 900 million users. This increase in user numbers has had a direct impact on Telegram Open Network (TON), which has seen an impressive 17% growth in the last three days alone. TON, a blockchain designed to seamlessly integrate with Telegram’s extensive user base, directly benefits from the platform’s expanding reach and its aggressive push for cryptocurrency adoption.
Telegram has recently achieved a major milestone by reaching 900 million users. This increase in user numbers has had a direct impact on Telegram Open Network (TON), which has seen an impressive 17% growth in the last three days alone. TON, a blockchain designed to seamlessly integrate with Telegram’s extensive user base, directly benefits from the platform’s expanding reach and its aggressive push for cryptocurrency adoption.
The integration of TON within Telegram allows users to transact directly through the app, leveraging the native Telegram wallet. This feature allows for seamless transactions on the TON blockchain network, which is particularly attractive because it offers cheap transactions within the network and free transfers for USDT. This zero-fee structure is a big draw for users looking to make frequent transfers without the burden of high transaction fees.
However, integrating a wallet within a messaging app raises significant security concerns. Critics argue that while the wallet offers convenience for everyday transactions, it may not provide the level of security needed to safely store large amounts of assets. For security-conscious users, traditional hardware wallets remain the recommended choice due to their strong security features.
Despite these concerns, the Telegram ecosystem presents a unique value proposition. It hosts a variety of applications and bots that allow users to interact with their wallets in innovative ways. For example, users can participate in “farming”, using TON or other tokens to participate in decentralized finance (DeFi) activities directly through Telegram. This functionality not only improves user engagement but also encourages more integrated use of cryptocurrencies in everyday applications.
Blockchain growth is closely tied to Telegram’s user base, and as the app ventures deeper into the crypto space, TON could see even greater adoption and utility. However, this growth must be balanced with regulatory compliance and security considerations, factors that will determine TON’s long-term viability in the competitive world of cryptocurrencies.
