🚨 TON — A MACHINE FOR EXTRACTING MONEY FROM THE CRYPTO MARKET?
TON (Telegram’s blockchain, token GRAM) is criticized for extracting more value from the crypto industry than Pumpfun
And the numbers really do raise questions.
🔴 Network capitalization — $5.8 billion.
🔴 Just 364 validators.
🔴 October fees — just $71,000.
🔴 Monthly issuance — 17.5 million TON, or about $20 million.
$20 million in new tokens versus $71,000 in fees earned.
Meanwhile, the ecosystem shows virtually no significant activity, and the project’s main driver remains its integration with Telegram.
Investors were promised a billion users on-chain, but for now the main bet is that one day Durov will make TON Telegram’s native token.
Critics believe that instead of building its own L1, they could simply have launched a stablecoin and a crypto interface within Telegram.
But a different path was chosen — a blockchain with inflation of around 4% per year. If this pace continues, the token supply will grow by roughly 2.5 times by 2050.
TON (Telegram’s blockchain, token GRAM) is criticized for extracting more value from the crypto industry than Pumpfun
And the numbers really do raise questions.
🔴 Network capitalization — $5.8 billion.
🔴 Just 364 validators.
🔴 October fees — just $71,000.
🔴 Monthly issuance — 17.5 million TON, or about $20 million.
$20 million in new tokens versus $71,000 in fees earned.
Meanwhile, the ecosystem shows virtually no significant activity, and the project’s main driver remains its integration with Telegram.
Investors were promised a billion users on-chain, but for now the main bet is that one day Durov will make TON Telegram’s native token.
Critics believe that instead of building its own L1, they could simply have launched a stablecoin and a crypto interface within Telegram.
But a different path was chosen — a blockchain with inflation of around 4% per year. If this pace continues, the token supply will grow by roughly 2.5 times by 2050.
