Telegram mini-apps to drive blockchain adoption
Alena Šmarko, head of the TON Foundation, praised the Telegram mini-app and TON’s Web3 partnership, calling it a catalyst for blockchain advancements.
Predicting an era of digital transformation, Šmarko explains that the merger will strengthen online security, promote transparency and give users better control over their digital identities.
2024 saw significant growth for both Telegram and TON, with the total value locked within the TON project increasing from $14.2 million to $307.6 million.
The growth of Telegram’s user base and the integration of TON within its ecosystem contributed greatly to this surge, solidifying TON’s position in the market.
The Telegram mini-app, introduced in 2023, has played a key role in promoting public understanding of blockchain technology and cryptocurrencies.
These apps have simplified shopping, payment processing, social media interactions, and more by consolidating multi-functional applications onto a single platform.
This ease of use, combined with the added security of encrypted transactions, has promoted digital literacy and broadened consumer understanding of advanced concepts.
Despite regulatory pressure and declining TON's TVL, the Telegram mini-app continues to thrive.
It offers a flat user interface and allows for smooth integration of blockchain with existing business operations.
The decline in TON’s TVL has inadvertently encouraged greater adoption of the cryptocurrency and created a favorable environment for blockchain startups.
The decline in TON’s TVL has also led to increased interest in financial risk mitigation strategies in the cryptocurrency market.
In conclusion, despite the challenges, experts predict that TON’s TVL may recover.
The Telegram mini-app has maintained a strong position in the market and is steadily incorporating blockchain into its traditional business model.