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TON Token Skyrockets 17% as Telegram Hits 900 Million Users — TradingView News
Telegram recently reached a significant milestone by reaching 900 million users. This increase in the number of users has had a direct impact on Telegram Open Network TTON, which has seen impressive growth of 17% in the last three days alone. TON, a blockchain designed to integrate seamlessly with Telegram’s large user base, directly benefits from the platform’s expanding reach and its aggressive push for cryptocurrency adoption.
TON’s integration within Telegram allows users to transact directly through the app, leveraging Telegram’s native wallet. This feature allows for seamless transactions on the TON blockchain network, which is particularly interesting because it offers cheap transactions within the network and fee-free transfers for USDT. This zero-fee structure is a big draw for users who want to make frequent transfers without the burden of high transaction fees.
However, integrating a wallet within a messaging app raises significant security concerns. Critics argue that while the wallet offers convenience for everyday transactions, it may not provide the level of security required to safely store large amounts of assets. For users concerned about security, traditional hardware wallets remain the recommended option due to their robust security features.
Despite these concerns, the Telegram ecosystem presents a unique value proposition. It hosts a variety of apps and bots that allow users to interact with their wallets in innovative ways. For example, users can engage in “farming,” using TON or other tokens to participate in decentralized finance (DeFi) activities directly via Telegram. This feature not only improves user engagement, but also encourages a more integrated use of cryptocurrencies in everyday applications.
Blockchain growth is closely tied to Telegram’s user base, and as the app pushes further into the crypto space, TON could see even greater adoption and utility. This growth, however, must be balanced with regulatory compliance and security considerations, factors that will determine TON’s long-term sustainability in the competitive world of cryptocurrencies.