Why am I confident about TON's prospects in the next 6 months?
Written by Howard Peng, Director of Asia Development Relations at TON
Compiled by: Zen, PANews
TL;DR
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In the first and second quarters of 2024, TON Blockchain的开发者数量迅速增加。这股人才流入只是第一步，未来会有高质量项目涌现，生态系统即将迎来繁荣。开发者带来优质项目，这些项目反过来吸引更多资金流入 TON 区块链。预计生态系统的繁荣将在一两个季度后显现。
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Many excellent and experienced teams are working in various fields, not just DeFi, DEXs, yield farms or lending products, but also practical DAppOn top of that, Telegram Stars played a key role and expanded on some of the ideas in The Open League Hackathon / DoraHacks.
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There are already some interesting projects emerging. I think TON’s path to success may not follow past experience. While DeFi is still relevant, TON’s killer app may be a combination of “games + finance”. From what I saw at the DoraHacks hackathon, there are manycontractInteresting project with great talent in coding. I expect to see more innovations in the near future.
I am very surprised by the number of DeFi projects that have emerged. Currently, many people believe that TON is in a "Cretaceous period" with countless opportunities and projects emerging. TON may provide the "most unfair" advantage for projects built on this ecosystem.
As I mentioned before, I think this is a great opportunity for talented developers in Asia. In addition, Telegram Stars could become the most successful fiat on-ramp in the crypto industry. Given the recent global environment and supportive news, I believe the second half of 2024 will be very exciting.
The number of developers is growing
Based on my experience with BSC (limited to the ETHDeFi Summer of 2020 and the BSC boom in early 2021), there is usually a time lag between developers entering the ecosystem, creating products and content, and attracting a large number of users.
We could attribute this growth of Ton to Notcoin being listed on Binance or Hamster Combat bringing in users from outside of Web3. However, looking at it objectively, we can evaluate the growth in the number of developers through the following data points. To evaluate the number of developers from a data perspective, we can use the following method:
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Number of development teams in developer Telegram chats;
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TonConnect SDK call data;
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Electric Capital's Q2 2024 Developer Report
DevelopersCommunityNumber in TG Chat
According to the latest data, so far, our developersCommunity正在增长。 总人数在增长，而且 CN 开发者社区成员的比例也在增长。
This also means that, as mentioned before, Asia should be the most important market for TON. Not only does this region have a large number of developers, but these developers have extensive experience in creating and managing mini-programs, which is critical to developing innovative solutions and driving the growth of the ecosystem. In addition, Asia's rapid adoption of new technologies and the region's large and tech-savvy population make it an ideal market for TON to expand its influence. By focusing on Asia, we can leverage the unique strengths and expertise of local developers and ultimately contribute to the overall success and adoption of the TON blockchain.
TonConnect SDK Download Data
On the other hand, the download volume of TonConnect is growing rapidly. This shows that DApps number is increasing, which is a very positive sign.
In addition, more and more people are coming to the TON blockchain towallet系统中集成 TON 支持。这是生态系统健康状况和未来增长潜力的一个很好的信号。 开发者对 TonConnect 的日益采用表明他们对在 TON 平台上构建的强烈兴趣。这种 SDK 下载量的增长不仅反映了不断扩大的开发者社区，还突显了 TonConnect SDK 的易用性和功能，使其成为开发者的首选。钱包系统对 TON 的日益支持是另一个关键因素。这表明了来自更广泛的加密社区的信任和认可，使用户更容易与 DApps 互动并Safety地管理资产。随着更多钱包支持 TON，用户信心将增加，导致更高的采用率和更活跃的生态系统。总体而言，这些趋势表明 TON 的未来光明，由强大的开发者社区和不断增加的用户参与驱动。
Electric Capital's Q2 2024 Developer Report
According to Electric Capital’s developer report, we can see a significant trend in the industry’s development. “Other L1s are stagnating and the developer ecosystem is slowing down.” This supports the view that there is a correlation between the number of developers and Web3 price movements. In addition, TON still has a lot of room for growth.Xiaobai NavigationThe potential and room for growth have yet to be fully realized. Beyond that, I want to highlight the unique aspects of TON relative to other L1s. TON has a lot of advanced technologies to learn, making it more of a Web2.5 path than a pure Web3.
相反，开发者应该利用其 Web2 经验来扩展他们的策略，把它想象成利用微信和其他流量驱动产品中的策略。需要再次强调的是，我相信 TON 提供了一个更具多样性和灵活性的环境，可以吸引大量 Web2 开发者。凭借丰富的 Web2 开发经验，开发者无需从智能合约开始。多亏了 Telegram Stars，您可以首先在市场中测试您的业务并取得巨大成功。
Many excellent teams are coming
The big question is, where can we find these high-quality teams and guide them in the right direction? Based on my time reviewing projects on DoraHacks over the past few weeks, I can say there are a lot. Generally speaking, the projects I see fall into a few categories: DeFi, DEXs, LSD-LSTs, Yield Optimizers, Games, User Acquisition Tools, etc.
Current issues with Telegram games
In the months since Notcoin launched, I’ve seen a lot of projects building the exact same product. Our evaluation criteria have become fatigued, and user engagement and willingness to play games has dropped significantly. Despite my previous posts mentioning that games like Hamster, Blum, Catizen, and Yescoin boosted Telegram user activity, similar games ultimately degrade the overall experience.
The main question now is, "In addition to points andTokenRewards, is your game still attractive to users to play?" This is the core question.
What kind of games can be developed?
I see some interesting projects that already have established resources and are able to attract a large number of users. For example, some large companies related to Chinese live broadcast platforms have approached us. I believe this may be the next scenario for Telegram Mini Apps and the TON ecosystem. We will wait and see.
Beyond that, I think more social games that help people meet new people and transition to real-life interactions, as well as games that allow people to randomly meet and make new friends, are going to be very popular. AI Life simulation games driven by blockchain will be essential to provide another path outside of DeFi. For example, Pokmon Go has brought a lot of positive impact by allowing people to team up and meet new people. This is a good thing.
More projects, more momentum, more innovation
Whether it’s ecosystem feedback, questions people in the community have been asking lately, or projects approaching us (Ton Foundation), I can feel the quality and quantity growing.
Additionally, based on the feedback I received during my review of the DoraHacks project, unsurprisingly, I think a higher level of quality is being demonstrated in the space.
A core value for me and anyone at the Foundation has always been to consider which path is better for the community and the TON Blockchain.
The Open League Hackathon in partnership with DoraHacks
Last week, we completed our two-part online presentation and announced the winning teams. Before revealing the winning projects, I would like to highlight a few projects that impressed me. Due to limited bandwidth, I was unable to review all the projects in detail. In addition, some hidden “gems” may not have been selected or showcased in the online presentation. But this does not mean that these projects are bad. There are various reasons for this, including different evaluators and criteria.
There were over 1,000 projects participating in this hackathon, and even with a withdrawal rate of 50%, there were still over 500 projects and I couldn't actually check them all; whether it was a demo video, a mini-app, or smart contract code (if any). Overall, I just wanted to reiterate and emphasize that I was impressed by the quality of the projects this time. This is not only because there are more DeFi projects, but also because I saw more talented teams with different backgrounds. Regardless of their language, race, or nationality, this is inspiring.
"Most importantly, I see many high-quality Telegram mini-app examples and products." As mentioned before, more solutions are emerging that are not just "on-chain" focused and closer to the general public. For example, e-commerce, live streaming on TON, products like Calendly, and any other usability products like Earn.com that increase user value and explore TON innovations. I think this is the beauty of TON and Telegram.
Some of the best projects I remember
Before pasting the list I have, I must say that these are my personal opinions and do not represent any entity or anyone, purely my personal taste. Maybe... some future potentials are positive and interesting to me. The judging criteria include the following elements:
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Tracking quality (0-5): The future potential of the project, including business model, clear vision of future plans and monetization strategy. Whether it can bring more users to TON.
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Team Structure (0-5): This rating assesses whether the team is well-structured. Although this is highly subjective, I think it is important. A hackathon project still requires a good proposal and a clear, concise video presentation. In addition, a high level of trust between co-founders can help a project overcome many problems and take the product to the next level.
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TON Orientation (0-5): Evaluates whether the project is purely TON-related and can help the TON blockchain (not just mini-apps). Projects that have not yet completed smart contracts (either FunC or Tact language) will generally not score high.
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TApps Quality (0-5): The rating is for the Telegram mini app itself. It takes into account the UI/UX design and all the details when users start using it. Guiding users and providing detailed information to easily get started is key.
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Uniqueness (0-5): This rating determines whether the project is unique and distinctive. While some projects will inevitably be copycats (e.g., DEXs), it is important to stand out. However, gaming projects may not score very highly in this category because many people are doing the same thing.
Having explained my approach, I would like to emphasize a few points:
For the gaming category, it’s totally fine if the project is just “click to earn”. But it would be better if there is more innovation. For me, right now, opening the game and starting to invite my friends feels negative. But I’m still open to gaming, but feel that something different is needed. There are a lot of DeFi projects. Seeing some projects making more use of non-oracle topics, and also seeing the basic logic of DeFi lego built on top of STON.fi or DeDust.io. Very surprising and good to see this.
Curdle Protocol: This team has quite some experience with TON and is still young. I have known them since last year at a community meetup in Taiwan. Their project focuses on the exchange of stablecoins/LSDs assets, basically based on what we know as Curve AMMs. The hardest part was overcoming the FunC hurdle and making it a reality. The speed at which they delivered the project is impressive.
Beecon: This community tool is built by an Asian team. It is very similar to the WeChat tool I used before. Although it is not widely used yet, I really like this management tool for TG group owners, etc. It is worth trying and catching.
InOne: This is almost like Linktree, but in a Telegram mini-app. I particularly like how it can be monetized by allowing people to book calls. As a contact person for the foundation, I get a lot of messages a day suggesting "let's make a call." While I rarely respond or book calls, it would be nice to see more tools like this to fill more of that time and take advantage of Telegram Stars.
Swipy: This “swipe to earn” app is like a Telegram mini-app version of Tinder. While there are more business models to explore within it, I’m excited to see more people experimenting and innovating in this space. However, these types of social apps generally don’t rely on the TON blockchain yet. We’ll have to wait and see if they can diversify and expand more on-chain activities to off-chain and TG records.
TON Hedge: This is a pool model for options products. Similar to what we have seen before in EVM, more like Hegic etc. The best part is its good and easy to use UI! I love seeing how good UX can convert Telegram users to the DeFi world.
See the notion page for a complete list.
in conclusion
Maybe it’s not “TON needs DeFi”, but “DeFi space needs TON”. Besides TON, I don’t see any other platform that could grow in the next 3-5 years. The most important insight for me is “The beauty of TON is that we are able to attract Web2 developers through Telegram modules, mini-program frameworks, and the convenience that people can easily try products.”
Anyway, the TON blockchain and ecosystem are not what they used to be. We have a lot more projects now than we did six months ago, especially in the gaming space. The purpose of this post is to present some interesting projects from DoraHacks and highlight that the next six months for TON are full of potential.
The article comes from the Internet:Why am I confident about TON's prospects in the next 6 months?
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