Telegram Coin price

What happened to those once-smash hit narratives? On July 6, market news claimed that Toncoin partnered with the UAE to offer a 10-year golden visa to TON stakers. Then, on July 7, UAE officials issued a statement saying that reports circulating on certain websites and social media platforms about the UAE granting golden visas to digital currency investors were false news. Golden visas are issued on the basis of a clear and officially approved framework and criteria, which do not include digital currency investors. The UAE Virtual Assets Regulatory Authority (VARA) also clarified that TON is not licensed or regulated by VARA. The slap in the face came so quickly that it didn't even give the market time to FOMO. It was this oolong news that made me re-notice the once glorious TON ecosystem. The TON ecosystem will usher in explosive growth in mid-2024, with Toncoin's market capitalization once exceeding $25 billion, ranking among the top 10 in the market. Hamster Kombat attracts 300 million users and has more than 1.657 million daily active addresses. DeFi TVL increased by 5,500%, and the market value of mini game assets exceeded $500 million. However, the heat has passed, and the TON ecosystem has fallen into a long cooling period. The volume of new wallets, active addresses, and DEX transactions fell back to the level of early 2024. Hamster Kombat lost more than 90% of his monthly active users. Currently, DeFi TVL is only $142 million, ranking 33rd on DeFillama. The dilemma faced by TON is nothing more than the following: ◇ Lack of user stickiness: Tap-to-Earn has attracted a large number of hairpickers, but when the tuyere and token premium have passed, the hairdressers will immediately shift their positions. The TON ecosystem is not attractive enough for Web3 users to retain. ◇ High threshold for TVM: The FunC language restricts the participation of Ethereum developers, and many applications with mature technology and excellent quality are blocked from the TON ecosystem. ◇ Weak DeFi: TVL is limited and cannot form a large-scale DeFi ecosystem, which is also limited by technical barriers that hinder the inflow of funds and DeFi apps. Of course, the temporary silence does not mean the failure of the narrative, on the contrary, the 1 billion Telegram users behind the TON ecosystem are a great wilderness that needs to be reclaimed urgently for the entire Web3 world. TON is also accumulating strength in a more long-term direction: by supporting infrastructure such as TAC, to build an on-chain super on-ramp to serve Web2 users. In addition, the core of my attention is that Hack VC participated in the investment, and if there is a VC that is more worthy of our attention in 2024, the answer is undoubtedly Hack VC. @TacBuild is the only public chain purpose-built to bring full EVM functionality, deep liquidity, and robust DeFi infrastructure directly to TON and Telegram's large native user base. Developers can build with Solidity and familiar tools to enable EVM applications to reach Telegram's 1 billion users. TAC's mainnet is going live quickly and is still being rolled out in phases. It's DevMainnet now, and blue-chip DeFi protocols like Curve, Morpho, and Euler are also working together, and there are already more than 20+ applications preparing for mainnet integration. TAC's pre-mainnet liquidity bootstrapping event, The Summoning, has generated significant interest from leading funds, liquidity providers and infrastructure participants in the industry. Prior to the public launch of the mainnet, TAC had locked in more than $700 million in TVL. For the time being, TAC provides a complete solution to the dilemma faced by TON, but we are not sure whether the TON ecosystem will return to our vision in the future. At this time, I can't help but think about it a little more when I look at the news at the beginning, TON has always been a master of playing with traffic, and this somewhat funny oolong made at this node does not rule out the possibility of attracting market attention and building momentum for the next move. I look forward to the TON ecosystem to give the market a strong response, and I will focus on it.