Cryptocurrencies are coming to Telegram

According to Durov, the success of Notcoin showed how attractive the Telegram and TON ecosystems are becoming for blockchain developers. He emphasized that Telegram can give their applications viral distribution through social relationships within the messenger.

A month before the listing of the game token, the TON ecosystem’s own cryptocurrency, Toncoin, became one of the top ten largest crypto assets by capitalization. The price of the coin has increased several times since the beginning of the year. The growth of its rate greatly accelerated after the release of Pavel Durov’s interview with the Financial Times, in which he said that the messenger received a preliminary valuation of $30 billion before a possible IPO.

In 2024, the volume of user funds (total value locked, TVL) within the TON network increased approximately 10 times. From April to May, the network's TVL grew nearly 50% and at its peak was $620 million, according to Defillama. To understand the scale: the TVL of the Ethereum network, as of May 17, is $54.4 billion, and that of Solana is $4.6 billion. TON is inferior to other networks, but is already in the top 30 by this indicator.