Bybit Unveils New Insights on TON and Telegram's Steps Towards Web3 User Adoption
In Brief
Bybit has published a detailed report concerning the TON ecosystem, shedding light on its initiatives to weave the messaging platform Telegram into the fabric of Web3.
Cryptocurrency exchange Bybit released its first report on The Open Network (TON) ecosystem, presenting current developments in its initiative to integrate the messaging tool Telegram within the Web3 framework. The report articulates significant milestones in the advancement of TON's ecosystem, particularly focusing on how its collaboration with Telegram is driving user engagement through a network of casual games that provide cryptocurrency incentives.
Telegram boasts close to one billion users around the globe. While the rollout of TON-related applications on the platform has been promising, there's still substantial room for growth. The active user base is anticipated to expand by 50% by 2028, aiming for roughly 500 million users.
TON has set an ambitious target to bring 30% of Telegram's user base into the Web3 fold by 2028, which could significantly propel the mainstream acceptance of Web3 technologies. Currently, there’s impressive momentum, with 280,000 active users engaging daily and an average of 800,000 transactions occurring each day. Moreover, the value of Toncoin (TON) has surged by over 200% in the last year, positioning it among the top-performing cryptocurrencies during this timeframe.
The report also outlined that TON's approach is focused on embedding mini-apps directly within Telegram, facilitating a smooth onboarding process as these applications function seamlessly within the platform. This library prominently features tap-to-earn games such as Notcoin and Hamster Kombat, merging gameplay with tangible rewards. Furthermore, TON provides decentralized finance (DeFi) mini-applications that allow users to trade and manage cryptocurrencies, thus encouraging exploration of the DeFi landscape.
Bybit suggests that incorporating Web3 functionalities into Telegram might pave the way for a broader acceptance of digital assets, opening up avenues for a vast audience to engage with decentralization.
Bybit Introduces Hamster Kombat on Its Pre-Market Trading Platform
Founded in 2018, Bybit As one of the leading cryptocurrency exchanges by trading volume, Bybit serves a community of 20 million users. It excels in cryptocurrency trading and supports a diverse array of over 570 payment methods, accommodating transactions in more than 60 different local currencies.
Recently, Bybit introduced Hamster Kombat (HMSTR) has been added as a fresh feature to its pre-market trading offerings. This new functionality allows traders to buy and sell new tokens before they're officially available for spot trading on the platform.
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