Through detailed data analysis and case studies, WolfDAO demonstrates the outstanding performance of TON in decentralized finance, NFT, gaming, and other fields, as well as the enormous potential it brings.
Continuation of the first article "A Comprehensive Explanation of TON Chain: Revealing the Core Strength of Future Blockchain Giants," this article is the second part of the TON ecosystem series. Due to its length, the report is divided into two parts, with the first part analyzing the overall development and risks of the TON ecosystem, and the second part focusing on the most influential star projects on the chain, analyzing their innovative features and future opportunities. Through detailed data analysis and case studies, we will showcase TON's outstanding performance in decentralized finance, NFT, gaming, and its enormous potential.
Preface
Before delving into the specific project analysis, we strongly recommend that readers first read the first part of this series, "A Comprehensive Explanation of TON Chain: Revealing the Core Strength of Future Blockchain Giants," to fully understand the fundamental analysis of TON, and the second part, "TON Ecosystem Panorama: Exploring Star Projects and Future Opportunities," to gain a comprehensive understanding of the TON ecosystem, and pay attention to the upcoming release of the third part, "The Compliance and Risk Assessment of TON Chain: Coexistence of Prospects and Challenges," to fully grasp the legal compliance and potential risks of TON.
The following is the content of the second part, the second part:
Where are the opportunities for TON?
In the past few quarters, the TON ecosystem has continuously demonstrated its rapid development momentum in the global blockchain field. By covering 19 different tracks including CEX, DEX, wallets, NFT collections, and games, TON has not only made significant progress at the forefront of technology but also continuously expanded its application scenarios through pioneering projects. This chapter will analyze in depth the development dynamics of leading projects in the TON ecosystem, and deeply analyze how these projects achieve comprehensive and balanced development in a highly interconnected and thriving blockchain environment.
Leading DeFi Project: Ston.fi (DEX)
Overview of Ston.fi
Ston.fi is a decentralized exchange (DEX) built in the TON ecosystem. It operates on the Request for Quote (RFQ) model and utilizes Hash Time Locked Contracts (HTLC). By eliminating third-party involvement, the platform enhances reliability and ensures the security of transactions. The project provides a simple, secure, and time-saving solution for asset exchange between different blockchains.
Features of Ston.fi
Elimination of Third-Party Involvement: Ston.fi operates on the Request for Quote (RFQ) model and uses Hash Time Locked Contracts (HTLC) to eliminate third-party involvement, greatly improving the reliability and security of transactions. Users can directly conduct peer-to-peer transactions on the platform, avoiding unnecessary intermediary risks.
Cross-Blockchain Asset Exchange: Ston.fi provides a simple, secure, and time-saving solution to facilitate asset exchange between different blockchains. This not only enhances the interoperability of the TON ecosystem but also makes cross-chain transactions more convenient and efficient.
Gas-Free Transactions: Ston.fi has implemented gas-free transactions, reducing users' transaction costs and simplifying the operation process. This feature further lowers the user threshold, attracting more users to participate in the TON ecosystem.
Telegram Integration: Ston.fi has uniquely integrated with Telegram, allowing users to manage and execute asset transactions directly through the Telegram platform. By leveraging Telegram's large user base, Ston.fi not only enhances user convenience but also increases the user stickiness and activity of the overall TON ecosystem.
Ston.fi TVL Market Performance
STON.fi is currently the largest DEX in the TON ecosystem, with a TVL of 2.5 billion USD as of June 20, increasing by 80% in the past month. The 24-hour trading volume is maintained at around 20 million USD. The overall data does not match TON's current market value, indicating significant room for growth compared to other mainstream on-chain DEXs such as Raydium.
Ston.fi TVL (Source: Defillama)
According to the data in the graph, STON.fi TVL has shown a significant growth trend in the past few months, especially in the second quarter of 2024. This growth indicates strong support and confidence from users and funds in the TON ecosystem. In addition, STON.fi has reached a high of 2.5038 billion USD in a short period, demonstrating the project's ability to rapidly expand and attract capital.
Ston.fi Trading Analysis
STON.fi is currently the largest decentralized exchange (DEX) in the TON ecosystem. As of June 20, 2024, its Total Value Locked (TVL) has reached 2.5038 billion USD, marking an 80% increase in the past month. STON.fi's 24-hour trading volume is approximately 24.57 million USD.
Ston.fi Daily Trading Volume (Data Source: Defillama)
STON.fi's daily trading volume data has also experienced a significant increase in 2024, with the daily trading volume currently maintained between 20 million USD and 30 million USD. Although there is still room for improvement in this trading volume, STON.fi's data indicates that it already has a good foundation in market acceptance and user activity compared to other mainstream on-chain DEXs such as Raydium. However, there is still room for further improvement compared to the top DEXs in the market.
Supported Trading Pairs on Ston.fi
Currently, Ston.fi supports relatively few trading pairs, with the main trading pairs concentrated on TON/USDT, NOT/TON, and NOT/USDT, showing high liquidity and market demand. In addition, other trading pairs with lower lock-up volume and trading volume still attract some users through high annualized returns.
Market Position and Development Prospects
The current market value of STON.fi is 1.32547 billion USD, with a fully diluted valuation (FDV) of 2.62601 billion USD. From these data, it can be seen that STON.fi's important position in the TON ecosystem cannot be ignored. However, compared to the overall crypto market and other top DEXs, STON.fi still has potential to expand and improve in terms of liquidity and daily trading volume.
Through the analysis of STON.fi's data, it can be observed that its expansion speed and current asset reserves indicate that the project is still in a high-growth stage. In the future, if it can further improve user experience, increase the depth of liquidity pools, and attract more users and funds, STON.fi is expected to solidify its leading position within the TON ecosystem and establish a presence in the broader DEX market.
Leading Lending Protocol: EVAAProtocol
Overview of EVAAProtocol
EVAAProtocol is a leading lending protocol on the TON blockchain, allowing users to borrow and lend assets on TON. The protocol uses isolated lending pool systems, specifically setting up independent lending pools for specific assets (such as TON, Bitcoin, or Ethereum) to prevent the spread of market risks between different pools, thereby creating a more efficient and secure lending environment.
Features of EVAAProtocol
Native TON and Wrapped Assets: Supports native TON assets and their wrapped versions, enhancing liquidity and providing users with diversified choices.
DAI-Type Stablecoins: Provides stablecoin products similar to DAI, increasing liquidity and utility for TON users, independent of U.S. entities, ensuring internationalization.
DAO Integration: Implements community governance through DAO mechanisms, allowing community members to collectively control and decide on the protocol's economic policies and development direction, enhancing transparency and fairness.
EVAA SDK: Provides the EVAA SDK, allowing developers to customize stablecoins, rebase tokens, farming applications, and decentralized exchange (DEX) interfaces based on EVAA, supporting broader financial innovation and application development.
Technical Features of EVAA
Decentralized and Core Function Integration: The EVAA protocol is fully decentralized, relying on TON's core features—sharding technology and decentralized storage—to ensure data security and sustainable scalability.
Efficient and Scalable Design: Due to TON blockchain's fast and scalable nature, the EVAA protocol can handle a large number of transactions, meeting users' high-frequency lending needs.
Isolated Lending Pool System: The design of independent lending pools effectively prevents the spread of market risks, providing greater flexibility and financial security.
Deep Integration with Telegram (TWA): By leveraging Telegram's large user base, the EVAA protocol simplifies the user onboarding process, allowing millions of Telegram users to seamlessly access and use the platform.
Market Performance of EVAA TVL
As of the latest data on June 20th, EVAAProtocol's Total Value Locked (TVL) is 18.99 million USD. Compared to a month ago, this indicator has increased by 90%. In the TON ecosystem, EVAAProtocol's TVL has risen to seventh place. The TVL trend shows significant fluctuations and rapid growth.
EVAAProtocol On-Chain TVL (Source: Defillama)
The chart shows that the TVL of EVAAProtocol has shown relatively stable growth from March to May. However, starting from mid-May, the TVL began to rise rapidly, reaching a peak in mid-June, close to 25 million USD, followed by a slight decline but still maintaining a high level near 19 million USD.
Market Development of EEVA
According to market data provided by EVAA, the company's asset supply and total borrowing amount show the following: the total supply is 33,457,547 USD, and the total borrowing amount is 14,287,542 USD. These numbers indicate that the EVAA platform has outstanding performance in terms of fund liquidity and user demand, especially in the lending field. This reflects the platform's high recognition and reliable funding base in the market.
In addition, among the highest Annual Percentage Yield (APY) assets provided by EVAA, TON's APY reaches 83.56%. These high APY assets demonstrate EVAA's significant advantage in providing competitive yields, attracting investors and users for asset allocation. High APY can attract more users and funds to the platform, further enhancing the platform's fund liquidity and scale.
EEVA Market Situation (Source: EEVA Official Website)
Market Development Characteristics of EEVA
1. Diversified Asset Selection:
EVAA offers a variety of asset options (such as TON, USDT, USDC, etc.), catering to the needs of different investors and increasing the platform's user base.
Diversified Yield Structure: A wide distribution of APY from high to low meets the needs of users with different risk preferences and investment strategies, increasing the platform's attractiveness and user stickiness.
2. User Attraction and Platform Growth Potential:
EVAA's ultra-high APY assets (such as TON at 83.56%) will attract a large number of investors, increasing the platform's user base and competitiveness in the fiercely competitive crypto asset market.
The promotional effect of high yields can also bring more potential users to the platform.
3. Implicit Advantages in Risk Management:
- Alongside high APY assets, EVAA also provides lower APY asset options (such as stTON and tsTON). This differentiated pricing strategy can balance risks, meet the needs of users with different risk preferences, and increase the overall stability of the platform.
EVAA demonstrates strong liquidity, high yields, diversified asset choices, and reliable risk management capabilities in the crypto asset lending market, positioning itself favorably in the competition. This not only attracts initial investors but also maintains long-term users and promotes the platform's continuous growth. Additionally, EVAA's outstanding performance in fund liquidity and yields demonstrates its competitive advantage in the market. Investors and users are expected to benefit from the high-quality services and opportunities for high-yield asset allocation provided by the EVAA platform.
Leading Stablecoins Project: Aqua
Overview of Aqua
AquaProtocol is a decentralized financial platform designed to introduce stablecoin protocols on the TON blockchain. Unlike centralized stablecoins, the Aqua protocol provides decentralization and resistance to censorship, offering users a secure and transparent alternative to meet their financial needs. By utilizing various collateral options such as TONcoins and liquidity equity derivatives, the Aqua protocol enhances liquidity for TON and expands DeFi opportunities within the TON ecosystem.
The stability of AquaUSD as a stablecoin is maintained through 200% over-collateralization, liquidation mechanisms, arbitrage opportunities, and AquaUSD premium suppression mechanisms. These factors work together to ensure that the value of AquaUSD remains close to 1 USD.
Features of Aqua Protocol
Over-collateralization: Each AquaUSD is backed by at least 1.5 USD worth of Toncoin or Liquidity Stake Tokens (LST) as collateral, ensuring a minimum 150% collateralization ratio to maintain stability.
Pegged Stability Mechanism: Maintains the stability of AquaUSD through fixed exchange rates, market arbitrage, partial liquidation, and limiting the debt ceiling of excessive AquaUSD production.
Resistance to Censorship: AquaUSD is a fully decentralized, censorship-resistant, transparent, and fair stablecoin developed by the Aqua protocol.
Operation of Aqua
Deposit: Users deposit Toncoin or Liquidity Stake Tokens as collateral on the platform.
Borrow AquaUSD: Users mint AquaUSD using the collateral.
Spend AquaUSD: Users can use AquaUSD in various DeFi protocols while still earning potential interest on the deposited collateral.
Fees of Aqua Protocol
Annual Borrowing Interest Rate: The annual loan interest rate in the Aqua protocol may vary based on market conditions. Interest is calculated daily. Currently, Aqua offers a unique 0% rate to attract new users.
Minting Fee: When users obtain a loan through the Aqua protocol, they need to pay a fee of up to 0.5% of the loan amount.
Loan Repayment Fee: Repaying the loan in the Aqua protocol requires a minimum fee of up to 0.5%.
Currently, Aqua is still in the testing phase, and the product has not been officially launched.
Staking Leader: TonStakers
Overview of TonStakers
TonStakers is a liquidity staking protocol based on the TON blockchain, aiming to lower the entry barrier for staking, allowing users to stake as little as 1 TON. Users stake through TonStakers without worrying about infrastructure maintenance while earning stable staking rewards. TonStakers has been certified by CertiK as the safest liquidity staking protocol on TON.
TonStakers actively participates in the staking process on the TON blockchain, earning rewards by processing transactions and creating new blocks. Users deposit TON tokens into TonStakers' liquidity staking pool, and these tokens are then added to the main staking pool to generate more staking rewards. The generated rewards are shared with users approximately every 18 hours.
Additionally, TonStakers maintains a separate pool, allowing users to instantly convert their held tsTON back to TON without waiting for the lock-up period of the validation cycle to end. This mechanism significantly enhances liquidity, providing users with a more convenient and flexible staking experience.
Market Performance of TonStakers TVL
TonStakers is currently ranked third in TVL within the TON ecosystem, with a Total Value Locked (TVL) of 2.457 billion USD, showing a significant growth rate of 300% over the past three months. The total number of users participating in staking is 65,670, maintaining a stable growth trend.
TonStakers TVL Historical Performance (Source: stakingrewards)
From January 3, 2024, to June 4, 2024, the Total Value Locked (AuM) of TonStakers experienced a period of rapid growth. In just five months, TonStakers' TVL increased by approximately 5 times, and the number of stakers also increased by nearly 5 times. This indicates that the TonStakers project has a high level of strength and attractiveness in attracting users and funds. The rapid growth of the locked value also reflects the increasing confidence of users in the TON ecosystem and the TonStakers project.
Protocol Details (Source: Tonstakers Official Website)
From core indicators such as Total Value Locked, Annual Percentage Yield (APY), and total staked amount, TonStakers not only provides good returns for users but also continues to increase its market share and user participation. In the future, with the continued development of the TON ecosystem, TonStakers is expected to maintain its leading position in the staking arena.
Comparison of Public Chain Staking Data
According to the latest data analysis, although the staking volume of TON has increased recently, its staking rate and protocol fee sharing rate are still relatively low, limiting the development potential of TonStakers.
Firstly, in terms of staking rate, TON's staking rate is only 14.20%, significantly lower than other competitors. For example, Ethereum's staking rate is 26.00%, Solana's is 68.00%, and Avalanche's is as high as 72.00%. This indicates that the overall staking participation of TON still needs to be significantly increased. Additionally, although TON has a 5.00% share in the Liquid Staking market, its relative weight is only 0.71%, far lower than Ethereum's 11.96%. Liquid staking allows users to maintain liquidity while staking their own tokens, and this mechanism has been widely accepted on other competing chains. Therefore, TonStakers faces significant competitive pressure in this area.
TonStakers has a lower APY (Annual Percentage Yield), and its TVL (Total Value Locked) and number of stakers have significant room for growth. Public chains known for their high APY and TVL, such as Jito, have been consistently attracting more users and capital. Therefore, TonStakers needs to further optimize its revenue model and increase staking rewards to attract more users.
TonStakers has good development potential on the TON chain, but it needs to continue to strengthen its staking rate, APY, and user experience to establish a presence in the competitive market.
Bridge Leader: Orbit
Overview of Orbit
OrbitBridge, as an essential cross-chain communication protocol in the TON ecosystem, possesses significant functionality and technical advantages. It enables seamless asset transfers between different blockchains, adding more liquidity and interoperability to the entire blockchain ecosystem.
Features of the Orbit Project
1. Cross-Chain Asset Transfer
Seamless Transfer: OrbitBridge supports seamless asset transfers between multiple blockchains, ensuring users can complete cross-chain asset transfers without complex operations and high fees.
Multi-Chain Support: As of April 2024, OrbitBridge has supported Klaytn, Polygon, Ethereum, WemixMainnet, and OrbitChain, smoothly transferring assets from these chains to the TON network. This multi-chain support greatly expands the influence and user base of the TON ecosystem.
2. Decentralization and Security
Complete Decentralization: OrbitBridge adopts a completely decentralized transfer process, avoiding the risks associated with centralized platforms and ensuring the transparency and security of cross-chain operations.
Consensus Mechanism: The consensus mechanism used for transaction verification ensures public validation of each transfer operation, avoiding single points of failure and potential security vulnerabilities through consensus among distributed nodes.
3. Liquidity and Ecosystem Effects
Enhanced Liquidity: Through OrbitBridge, asset liquidity within the TON ecosystem is improved, allowing users to freely allocate and move assets across different blockchains.
Lowering the Barrier: OrbitBridge simplifies operations for users entering the blockchain space for the first time, reducing the technical barriers and learning costs associated with blockchain adoption, thereby attracting more users to participate in the TON ecosystem.
OrbitTVL Market Performance
As the most commonly used cross-chain platform on TON, according to the Layer1TVL comparison chart data, as of June 2024, the Total Value Locked (TVL) of TON on OrbitBridge is 1,669,912.8884 USD, significantly lower than mainstream chains such as Ethereum, BNB, and Ripple, and even lower than relatively less popular chains like Klaytn.
Total TVL of Various Chains on OrbitBridge Source: OrbitBridge Official Website
Possible factors affecting TON's performance on OrbitBridge include:
Stage of Ecosystem Development: The TON ecosystem has a relatively short development time, and many decentralized finance (DeFi) projects and user communities are still gradually being established. This results in less intense cross-chain demand compared to more mature chains that have been operating for many years.
User Behavior Characteristics: As mentioned earlier, a large number of TON users are concentrated in communities such as Notcoin, engaging more in entertainment activities on the chain rather than financial transactions. This also reflects that the primary focus of TON users is not on DeFi but on other non-financial applications and functionalities.
Overall Market Competition: In competition with mainstream chains like Ethereum and BNB, TON currently struggles to achieve higher Total Value Locked on cross-chain platforms due to the richer ecosystems and broader applications of the latter. Additionally, Ripple's widespread use in traditional financial payment solutions contributes to its significant Total Value Locked on cross-chain platforms.
Limitations of Cross-Chain Demand: The demand for cross-chain bridging is often closely related to on-chain activity and ecosystem maturity. Currently, the cross-chain demand on TON is relatively limited, and most of this demand may be met by TonBridge, resulting in a relatively low Total Value Locked on OrbitBridge.
Launchpad Leader: Tonstarter
Overview of Tonstarter
Tonstarter is the first launchpad based on the TON open network, aiming to provide tokenized venture capital for promising projects, enabling project teams to raise funds in a decentralized, secure, and user-friendly environment. The Tonstarter platform not only helps teams raise funds but also assists investors in building strong communities around their products or services and their development.
Currently, Tonstarter has over 150 angel investors and venture capitalists, with over 20,000 active investors in the IDO Telegram bot group, and a community of over 55,000 members.
Funding Methods of Tonstarter
1. Fundraising
Tonstarter helps teams and projects successfully launch on the TON blockchain:
Private Club: Connects projects with individual investors and provides customized investment solutions.
VC Network: Connects projects with venture capital firms and funds to obtain more financial support.
TonStarter Joint Ventures: Directly invests TonStarter's funds into entrepreneurs' projects, providing comprehensive support.
2. Consulting Services
The Tonstarter team provides comprehensive consulting services for entrepreneurs based on their expertise in business development, token economics, and listing:
Technical Support: Provides network development support for accessing TON and Telegram, ensuring smooth project launches.
Token Economics: Assists in designing and optimizing the token economics of projects to ensure the sustainability of the token model.
Network Resources: Connects key participants within the ecosystem, providing an extensive network of contacts.
Introduction Services: Facilitates connections with market makers, exchanges, and auditors to enhance the project's market influence.
3. Public Relations and Marketing
Tonstarter helps projects attract audiences and ensure successful launches through:
Community Releases: Utilizes over 50,000 active TON community members for project promotion.
Telegram Advertising: Engages in Telegram activities within the app to increase project exposure.
KOL Connections: Utilizes a KOL database for precise marketing.
Marketing Tools: Assists in creating high-quality marketing tools to enhance promotional effectiveness.
4. Organizing IDOs and Airdrops
Tonstarter provides strong support for IDOs and airdrops to help entrepreneurs attract users and funds in the early stages:
Development Tools: Provides essential development tools and platforms to help projects operate smoothly within the TON ecosystem.
Developer Engagement: Evaluates and enhances developer usage of these tools and platforms.
Success Stories: Showcases successful applications developed through these tools and platforms to boost investor confidence.
Successful Project Landing Cases
Gaming Platform Leader - JETTON
Overview of JetTON
JetTONGames is the most popular gaming platform on TON, deeply integrated with TelegramMessenger. This integration combines gaming with familiar social interactions, enhancing user gaming experiences and promoting social interaction. Players can easily share game progress and achievements with friends, significantly improving the user experience. JetTONGames utilizes TON's advanced blockchain technology to provide secure, transparent, and high-performance services, which are crucial for the online gaming environment.
Features of JetTON Project
1. Security and Transparency
JetTONGames leverages the decentralized nature of the TON blockchain to ensure the security and transparency of every transaction. The application of smart contract technology further enhances the fairness of the gaming platform, preventing cheating and fraudulent behavior.
2. High Performance
The high throughput and low latency characteristics of the TON blockchain enable JetTONGames to handle a large number of concurrent users and transactions, ensuring smooth and stable gaming processes. This is particularly important for online gaming, allowing players to have a seamless gaming experience.
3. Diverse Types of Games
Slot Machines: 3900+
Strategy Games: 290+
Card Games: 300+
JetTON Community Development Performance
As of June 2024, JetTONGames' Telegram channel has close to 500,000 users, indicating a highly active community. Data provided by Alphagrowth shows a significant user growth trend for JetTONGames over the past few months:
Follower Trend Chart of JettonGame Source: Alphagrowth
User Growth Trend: JetTONGames experienced a significant increase in user numbers in early April, growing from 183,000 to over 200,000. Subsequently, there have been fluctuations in user numbers, but the overall trend is still upward.
Active Users: In mid-May and early June, user numbers rapidly increased again, reaching a peak of nearly 480,000. This indicates that JetTONGames has strong appeal and retention among user groups.
Community Interaction: Through deep integration with Telegram, JetTONGames effectively leverages the advantages of social media platforms, increasing user interaction and participation, further enhancing community activity and stickiness.
Meme Token Leader: Notcoin
Overview of Notcoin
NotCoin is an innovative game based on the Telegram platform, where users can earn virtual currency within the game by clicking on an image of a coin. NotCoin is designed to attract a wider audience to the cryptocurrency space by simplifying the token handling process and eliminating technical barriers.
In less than two months, the game and token Notcoin, integrated as a Telegram mini-application, has attracted over 30 million users on Telegram, introducing a new wave of mainstream adopters to the cryptocurrency space.
Features of Notcoin Platform
1. User-Friendly
NotCoin's simple interactive design allows users to participate without requiring a deep technical background. Users only need to click on the coin image on Telegram to receive rewards, significantly lowering the barrier to user participation.
2. Wide User Base
In less than two months, NotCoin has attracted over 30 million users on Telegram. This rapid user base growth demonstrates NotCoin's significant potential in attracting mainstream users and introducing a new wave of adopters to the cryptocurrency space.
3. Social Interaction
As part of the Telegram mini-application, NotCoin leverages Telegram's strong social features. Users can share game progress with friends, invite friends to participate, and earn additional rewards through social interaction. This social interaction not only enhances the user experience but also increases user stickiness and activity.
Positive Impact of Notcoin
1. Driving Cryptocurrency Adoption
NotCoin has successfully attracted a large number of mainstream users to the cryptocurrency space through its simple user experience and extensive social interaction. For many new users, NotCoin may be their first exposure to and use of cryptocurrency, driving the adoption and application of cryptocurrency.
2. Enhancing the TON Ecosystem
NotCoin's success has brought a large number of new users and activity to the TON ecosystem. This not only helps raise the profile of the TON platform but also attracts more developers and projects to develop and deploy on TON, further enhancing the vitality and competitiveness of the TON ecosystem.
Market Performance of Notcoin
According to CMC data, Notcoin's daily trading volume has surged to a new high. Its daily trading volume has increased by over 220%, surpassing the $4.5 billion mark, making it the fourth largest cryptocurrency by trading volume. Notcoin's price has risen by over 323% in the past week, reaching a historical high of $0.02896 on June 2, 2024.
Notcoin has received strong support from the TON Foundation, Binance, and other projects within the TON ecosystem, continuously empowering Notcoin to eliminate valuation bubbles. If TON continues to develop further, Notcoin also has the potential to experience a new surge.
Notcoin Price Trend Chart Source: Coinmarketcap
According to the latest data from CoinMarketCap, since NotCoin was listed on Binance, its market performance has significantly improved, mainly reflected in price and trading volume changes:
Price Increase: NotCoin's price has experienced a significant increase after being listed on Binance. From the chart, it can be seen that NotCoin's price rose from $0.01026 on May 20 to a peak of around $0.025 in early June. This price increase reflects strong market demand and confidence in NotCoin.
Historical High: NotCoin's price has risen by over 323% in the past week, reaching a historical high of $0.02896 on June 2, 2024.
Price Fluctuations: Although NotCoin's price has experienced a slight decline after reaching a high point in early June, it has generally remained above $0.016, demonstrating a certain level of market stability and support.
Surge in Trading Volume: After being listed on Binance, NotCoin's daily trading volume has significantly increased. Its daily trading volume has surged by over 220%, surpassing $4.5 billion, making it the fourth largest cryptocurrency by trading volume. This indicates that NotCoin has gained widespread attention and recognition in the market.
Positive Interaction between NotCoin & Binance
1. Enhanced Liquidity
As one of the world's largest cryptocurrency exchanges, Binance's large user base and high liquidity provide an excellent trading platform for NotCoin. After being listed on Binance, NotCoin significantly improved its market liquidity and trading volume.
2. Increased Visibility
By being listed on Binance, NotCoin gained more market exposure and recognition. This not only attracted more investors but also further solidified its position within the TON ecosystem.
3. Promoting TON Ecosystem Development
NotCoin's success reflects the strong potential and appeal of the TON ecosystem. With NotCoin's rise, other projects within the TON ecosystem will also receive more attention and development opportunities, further driving the prosperity of the entire ecosystem.
NotCoin's rapid rise demonstrates its significant potential in driving cryptocurrency adoption. With continued development and improvement, NotCoin is expected to introduce more innovative features and gameplay to attract more users. At the same time, NotCoin will continue to optimize user experience, simplify the operation process, further lower the barrier to user participation, and maintain its important position within the TON ecosystem. NotCoin has received strong support from the TON Foundation, Binance, and other projects within the TON ecosystem, continuously empowering NotCoin to eliminate valuation bubbles. If TON continues to develop further, NotCoin also has the potential to experience a new surge.
Wallet Leader: Ton-Keeper
Overview of Ton-Keeper
TonKeeper is a non-custodial Web3 wallet tailored for TheOpenNetwork (TON) ecosystem. It supports key functions of digital wallets, such as receiving, sending, and purchasing cryptocurrencies directly within the app. Additionally, TonKeeper supports token and cryptocurrency trading through its built-in exchange and facilitates staking, especially for the native token of the TON network, Toncoin.
Key Features of Ton-Keeper
1. Digital Asset Management
TonKeeper provides comprehensive digital asset management, allowing users to easily receive, send, and manage various cryptocurrencies. Its intuitive user interface enables both beginners and experienced users to operate conveniently.
2. Built-in Exchange
The built-in exchange in TonKeeper supports trading of various tokens and cryptocurrencies, enabling users to conduct trading operations directly within the wallet. This all-in-one service greatly simplifies the user's trading process and enhances the user experience.
3. Staking Functionality
TonKeeper supports staking, particularly for the native token Toncoin of the TON network. Users can earn rewards by staking Toncoin, further participating in the ecological development and governance of the TON network.
Unique Technological Advantages of Ton-Keeper
1. Built-in dApp Browser
TonKeeper includes a built-in browser for private and secure dApp interaction, making it a super app within the TON environment. This browser not only protects user data and history but also allows seamless participation in various network functions.
2. Multi-functional Integration
TonKeeper stands out in the TON ecosystem with its comprehensive suite of functions. It not only supports basic cryptocurrency trading and staking but also connects users to a range of services such as payments, subscriptions, and NFT collection management. This multi-functionality makes TonKeeper an indispensable tool within the TON ecosystem.
3. High Security
TonKeeper prioritizes security and user privacy, utilizing advanced encryption technology to protect user assets. Its non-custodial design means users have full control over their private keys and funds, further enhancing security.
Role of TonKeeper in the TON Ecosystem
TonKeeper plays a crucial role in advancing the broader TON crypto economy. By connecting users to a range of services within the TON network, TonKeeper not only promotes user participation but also drives the overall prosperity of the ecosystem. The following are several key roles of TonKeeper within the TON ecosystem:
Payments and Subscriptions: Users can use TonKeeper for various payment and subscription services, making transactions convenient and efficient.
NFT Management: TonKeeper supports storage and management of NFTs, allowing users to easily browse and manage their NFT collections.
dApp Interaction: Through the built-in browser, users can securely access and use various dApps, enhancing the usability of the TON network.
As the core wallet within the TON ecosystem, TonKeeper successfully provides users with a convenient and secure cryptocurrency management solution through its comprehensive features, diverse services, and high security.
NFT Trading Leader: Getgems.io
Overview of Getgems.io
Getgems.io is a non-fungible token (NFT) marketplace built on TheOpenNetwork (TON) blockchain. The platform aims to provide a secure and convenient environment for users to buy, sell, mint, and transfer NFTs. By connecting users' cryptocurrency wallets, Getgems.io seamlessly integrates users with the TON ecosystem.
Key Features of Getgems.io Platform
1. User-Friendly Experience
Getgems.io features a clean and intuitive user interface, allowing users to connect their cryptocurrency wallets through simple steps. Once connected, users can access all platform features without complex operational processes.
2. Multi-functional Integration
Getgems.io not only supports NFT buying and selling but also provides minting and transferring functions for NFTs. Users can easily create their own NFTs and engage in trading on the platform. This multi-functional integration gives Getgems.io a unique competitive advantage within the TON ecosystem.
3. High Security
Leveraging the technological advantages of the TON blockchain, Getgems.io ensures the security and transparency of all transactions. The platform employs advanced encryption technology to protect user assets and privacy, providing a trusted trading environment.
Key Functions Provided by Getgems.io
1. NFT Buying and Selling
Users can browse various NFTs on Getgems.io and purchase artworks of interest. The platform supports multiple payment methods, making the transaction process quick and convenient. Additionally, users can list their own NFTs for sale and earn profits.
2. NFT Minting
Getgems.io offers a simple NFT minting function. Users can easily upload digital works, fill in relevant information, and generate their own NFTs. After minting, users can choose to trade or collect their NFTs on the platform.
3. NFT Transfer
Getgems.io supports the transfer of NFTs, allowing users to securely transfer their NFTs to other users. The platform ensures the security and transparency of the transfer process, enabling users to manage their assets with confidence.
Trading Data and Market Performance of Getgems.io
Currently, the daily trading volume of Getgems.io is approximately 100,000 TON. Although this trading volume is relatively high within the NFT market, it is mainly concentrated on specific projects such as anonymous Telegram numbers and Telegram usernames. The high trading volume and participation in these projects reflect the market's demand for these unique assets.
TOP7NFTonGetgems2024.06.20Source:Getgems.io
Based on trading data, here are some key trading projects on Getgems.io and their performance:
Concentration of Trading Volume: Currently, the trading volume is mainly concentrated on projects such as anonymous Telegram numbers and Telegram usernames, which have uniqueness and practicality, attracting a large number of users to participate.
Lack of Large-Scale PFP Projects: Despite performing well in certain projects, Getgems.io's overall trading volume is still affected by the overall quietness of the NFT market, especially the lack of large-scale Profile Picture (PFP) projects, limiting its further potential for development.
Market Opportunities: In the short term, Getgems.io may face limited development opportunities. However, as the NFT market rebounds and user demands change, Getgems.io can attract more users and trading volume by introducing more innovative projects and features.
Getgems.io, as the core NFT trading platform on the TON blockchain, has successfully provided users with a comprehensive NFT trading environment through its user-friendly experience, multi-functional integration, and high security. However, it currently faces the challenge of the overall quietness of the market and needs to meet more market tests and challenges.
Role of Getgems.io in the TON Ecosystem
Getgems.io plays a crucial role in the TON ecosystem. As a comprehensive NFT trading platform, it not only provides users with rich trading and creation functions but also promotes the application and promotion of TON blockchain technology. The following are several key roles of Getgems.io within the TON ecosystem:
Promoting the Prosperity of the TON Ecosystem: By attracting a large number of users to participate in NFT trading and creation, Getgems.io significantly enhances the activity of the TON ecosystem.
Driving the Application of Blockchain Technology: Getgems.io showcases the strong potential of TON blockchain technology in the NFT field, providing reference and inspiration for more projects.
Enhancing User Experience: By providing a convenient and secure trading platform, Getgems.io enhances users' awareness and acceptance of the TON blockchain.
Through the analysis of key projects within the TON ecosystem, we can see that TON has made significant progress in multiple core tracks. From decentralized exchange Ston.fi, lending protocol EVAAProtocol, stablecoin platform Aqua, liquidity staking platform TonStakers, to cross-chain bridge Orbit and launchpad Tonstarter, these projects not only demonstrate their innovation and growth potential in their respective tracks but also provide solid support for the continued prosperity of the entire TON ecosystem.
Major projects have made significant progress in technological implementation, user experience, security, and other aspects, but they also face challenges and opportunities for further improvement. By continuously optimizing user solutions through cross-chain bridging, decentralized finance, stablecoin applications, etc., the TON ecosystem is steadily moving towards wider adoption and application. Further analysis and exploration can be expected in our upcoming in-depth research report.
Once again, it is worth noting that the overall length of the report is quite long. For a comprehensive understanding of the overall TON ecosystem, it is recommended to review the first two parts of this special report to build a comprehensive understanding of the TON ecosystem and stay tuned for the upcoming release of the third part "Compliance and Risk Assessment of the TON Chain: Coexistence of Prospects and Challenges" to gain an in-depth understanding of the legal compliance aspects and future trend risks within the TON ecosystem.
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