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Top TON Blockchain Projects in 2024

Hassan Shittu
Hassan Shittu
July 31 at 10:19
Project Spotlights

TON (The Open Network) is quickly gaining popularity, here are the top 10 most significant projects that you can participate in and see what the hype is all about.

TON Blockchain offers the underlying protocol supporting the TON ecosystem - a decentralized and open internet platform made up of several components, including, TON Blockchain, TON DNS, TON Storage, and TON Sites.

Originally conceptualized by Telegram's founders, the Durov brothers, the TON blockchain offers impressive transaction speeds and user-friendly decentralized applications.

Despite Telegram stepping back due to legal issues, the technology and concept were adopted by an independent community of developers, who continued to develop and maintain the network. This transition marked the transformation of TON into a fully decentralized, open-source project managed by its community which lasts until today.

TON's design specifically addresses pain points hindering mass crypto adoption. Unlike other blockchains with limited daily users and complexities like gas fees, TON offers a seamless experience within a trusted interface.

Before diving into the most promising projects built on TON in 2024, let's revisit TON's core functionalities and its recent surge in popularity.

Understanding TON Blockchain

The Open Network (TON) is a blockchain platform designed for a variety of decentralized applications (dApps) with features promoting scalability, speed, and ease of use. TON's technology includes dynamic sharding, efficient smart contract compatibility, and a secure Proof of Stake (PoS) consensus mechanism.

Currently, TON blockchain boasts 36.2 million registered accounts, 9 million active wallets, and over 4 million daily transactions, showcasing strong user engagement. This momentum is further fueled by Telegram's 700 million monthly active users, making TON a potential leader in integrating crypto features like DeFi, NFTs, and even banking into a familiar messaging app.

In 2023, TON became the world's fastest blockchain, processing over 104,715 transactions per second during a public test. Integration with Telegram further strengthens its appeal, allowing for instant, commission-free crypto transfers within the popular messaging app, Telegram.

Since March 2024, Telegram has allocated 50% of its ad revenue to channel owners using TON, propelling Toncoin into the top 10 cryptocurrencies by market capitalization.

TON has experienced significant market cap growth, becoming the 8th largest cryptocurrency. Toncoin (TON) traded around $2.24 in early 2024, with expectations for further growth. The network's capabilities and achievements have pushed it to an all-time high of $7.27, currently hovering around $7.20.

To know more about TON blockchain: Its Journey From Chats to Chains

Top TON Projects In 2024

1. Notcoin (NOT): GameFi

Notcoin (NOT) has been one of the most groundbreaking projects in the TON ecosystem, particularly within crypto gaming.

Launched on January 1, 2024, Notcoin quickly gained traction, amassing 4.1 million players within its first week. This rapid growth outpaced the initial adoption rates of many major platforms, marking it as a significant player in the blockchain gaming sector.

Notcoin’s Tap-to-Earn model is a major factor in its success. Players engage in a simple yet addictive game where they earn tokens by tapping a virtual coin within the Telegram app. This model has resonated with a broad audience, resulting in over 30 million players to date. 

Notcoin debuted on major cryptocurrency exchanges on May 16, 2024, and is being integrated into various TON dApps.As of June 2024, Notcoin is valued at approximately $0.0196 per token, with a market cap of $2 billion and a daily trading volume of $1.5 billion. Despite a recent 7.2% decline, it remains a significant player in the TON ecosystem, outpacing many in user acquisition and engagement.

NOT Monthly Chart Site: CoinMarketCap

Convert NOT to USD here!

2. GAMEE (GMEE)

GAMEE is a high-engagement, play-and-own mobile gaming platform aimed at bringing a mass gaming audience to Web3, with the GMEE token as its native token. Over 1M user wallets were onboarded onto the TON's ecosystem with over 1.5M DAU, demonstrating GAMEE’s ability to bring attention to any brand or project via social gaming and Web3.

GAMEE is also the leading gaming bot on Telegram via TON blockchain, boasting 50 million registered users and providing a unique gaming experience. In addition to numerous original casual games, GAMEE collaborates with renowned brands such as NASA, Guinness World Records, Manchester City Football Club, ATARI, and Cool Cats to launch exciting new games.

GAMEE has over 77 million registered users, 1.5M daily active users, and has served over 10 billion gameplay sessions across multiple ecosystems.  Players earn GMEE tokens by participating in various gaming activities, from casual play to competitive tournaments. These tokens serve multiple purposes within the ecosystem, including in-game purchases, rewards, and governance.

GMEEMonthly Chart Site: CoinMarketCap

Their integration with Telegram has facilitated seamless transactions and rewards distribution, enhancing the overall gaming experience for their users. As of the time of writing, GMEE is trading at $0.025.

3. DF Capital (DFC)

DF Capital (DFC) is a multifaceted socialFi project within the TON ecosystem, offering a comprehensive suite of services for its native token, DFC. DF Capital bridges the gap between Web2 and Web3 audiences, attracting over 250,000 users with its diverse offerings. 

DFC also delves into gaming with ArrakkenPlanet, a game where players can earn DFC tokens. The project is set to launch 'DeSwaps,' a decentralized exchange to address liquidity issues within the TON DeFi ecosystem. As of the time of writing, DFC is trading at $1.42.

DFC Monthly Chart Site: CoinMarketCap

4. JetTon Games (JETTON)

JetTon Games pioneered the integration of gaming within Telegram, offering over 500 types of games, from slots and poker to 3D action and live games. JetTon Game is a digital platform that merges online gaming and gambling with cryptocurrencies, specifically leveraging the capabilities of the TON blockchain to provide financial rewards for players, driving user engagement and adoption.

The $JETTON token, launched in November 2023, is the platform's native currency. With a market cap exceeding $200 million, $JETTON is used for in-game purchases, exclusive content, and rewarding players for winning games and referring new users. 

JETTON Monthly Chart Site: CoinMarketCap

Token holders also participate in governance, influencing the platform’s future direction. As of the time of writing, JETTON is trading at $1.80. 

Deep dive into GambleFi: The Future of Gambling

5. TONstarter

TONstarter is one of the largest launchpads within the TON ecosystem and is designed to support emerging cryptocurrency projects. It facilitates fundraising through token sales, connects projects with key ecosystem stakeholders, and utilizes Telegram’s user base to foster growth.

With more than 5 projects successfully launched, Tonstarter’s structured environment provides new projects with the necessary tools to secure financial backing in a decentralized manner. Currently, Tonstarter boasts of 150+ angels and VCs in a Private Club, 20k+ investors in IDO Telegram Bot, 55k+ number of members in communities.

Users can earn native tokens, NFTs, stablecoin rewards, or experience points by experimenting with apps and completing tasks.

6. Evaa (EVAA)

Evaa is the first lending and borrowing protocol on the TON network, offering users a way to leverage their idle tokens. Lenders contribute TON, USDC, and WBTC to the liquidity pool, earning EVAA XP and interest in return. 

Borrowers can secure loans by offering collateral, with loan-to-value ratios adjusted based on the asset.

Evaa’s integration with Telegram allows users to manage their assets directly within the app. The protocol plans to launch its token, $EVAA, which will play a key role in governance, including voting on interest rates, risk parameters, and treasury management. 

Additionally, Evaa is set to introduce the first TON-native stablecoin to enhance its utility further.

7. STON.fi ($STON)

STON.fi is Telegram's leading decentralized exchange (DEX), functioning as an Automated Market Maker (AMM). Built on TON blockchain, STON.fi lets users swap cryptocurrencies directly within Telegram while providing virtually zero fees, low slippage, an extremely easy interface, and direct integration with TON wallets

STON.fi is supported by key ecosystem partners, and it processes over $1 million in trades daily and offers a growing number of token pairs.

Additionally, by providing liquidity to STON.fi, users earn rewards in the form of trading fees and the platform's native token, $STON.

$STON Monthly Chart Site: CoinMarketCap

With a market cap exceeding $300 million, $STON can be staked for additional rewards and DAO voting power. As of the time of writing, $STON is trading at $16.19.

8. Bemo Finance ($BMO)

Bemo introduces the first non-custodial liquid staking solution for the TON token, allowing users to stake their TON and earn rewards while utilizing these staked assets within the ecosystem. Users receive stTON in return for staking their TON, which is appreciated based on TON's staking yield and can be used as collateral in other DeFi dApps.

bemo also offers rewards in its native token, $BMO, which is used for governance and rewards. With 20% of the supply reserved for its active users and community supporters, bemo's tokenomics aims to enhance its utility and engagement within the ecosystem.

Given the success of liquid staking solutions on other chains, bemo is most likely set for success.

9. Storm ($STORM)

Storm stands as one of the first decentralized exchanges on The Open Network (TON), specializing in exotic financial products such as leverage and derivatives. Its mission is to make a wide array of assets, including stocks, commodities, and fiat currencies, tradable within the Telegram ecosystem, leveraging the Oracle solution Pyth for real-time price tracking.

Accessible directly via Telegram, the Storm Trade Bot offers a seamless and integrated trading experience. Users can engage in various trading options, enhancing their portfolio by depositing jUSDT and earning up to 20% interest. This bot simplifies the process, making it easier for users to participate in decentralized finance (DeFi) activities without leaving the messaging app.

Notably, the native token, $STORM, plays a crucial role within the platform. It offers additional yield to liquidity providers, encourages platform growth through referral programs, and rewards active users.

Check out our Security Guide About Telegram Trading Bots

10. TON Punks

Inspired by the iconic Crypto Punks, TON Punks is a unique NFT collection that holds significant value within the TON ecosystem. This collection comprises 5,149 NFTs created specifically for the TON Blockchain. The mission of TON Punks is to establish a Play2Earn ecosystem using Telegram bots and the TON blockchain. 

Punk City is a virtual world within the TON ecosystem where users can interact and trade NFTs. This platform offers a unique social and economic experience, allowing users to explore a dynamic digital environment. In Punk City, participants can engage in various activities, enhancing the overall value and utility of their NFTs while fostering a vibrant and interactive community.

The TON Punks and Punk City projects bring a creative twist to the TON ecosystem, combining the value and appeal of NFTs with the functionality of blockchain technology. By integrating Play2Earn mechanics, a DAO, and interactive chatbots, TON Punks aims to create a thriving community and a robust economic system. Punk City further enhances this experience by providing a virtual space for users to connect, trade, and grow within the TON ecosystem.

Final Thoughts: TON's Potential for Disruption

The future shines brightly for the TON blockchain in 2024 and beyond. With a thriving community and projects like Notcoin, Gamee, DF Capital, JetTon Games, TONstarter, and Evaa, TON showcases its vast potential across various sectors.

From the world of DeFi and NFTs to engaging games and user-friendly DEXes, these projects capitalize on TON's strengths to create innovative experiences.

A Bright Horizon for TON

There's good reason to believe TON will become a top contender for driving mainstream crypto adoption. Its focus on scalability, lightning-fast speeds, and seamless interoperability positions it for significant success.

The unique integration with Telegram sets TON apart. This familiar interface offers a smooth user experience, bridging the gap between traditional platforms and the decentralized world. This strategic move positions TON as a potential leader, shaping a more decentralized and efficient digital future.

Disclaimer: The content of this piece reflects the writer's opinion. This article is not intended to provide financial advice and is meant solely for entertainment and educational purposes. Investing in cryptocurrency involves significant risk. Capital is at risk, and returns are not guaranteed. Always conduct your own research.

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