$TON Blockchain Sees 50X Growth Amid Telegram Integration

The TON blockchain has seen significant growth, with its total value locked (TVL) increasing more than 50 times in one year. This growth is partly driven by Telegram's integration of TON into mini-apps, which is expected to continue attracting users. Despite the excitement around $TON, some analysts caution that the market may be overestimating Telegram's distribution capabilities and the challenges posed by TON's programming language and end markets. Additionally, TON's fully diluted valuation (FDV) leaves little margin for safety. The TON ecosystem has expanded more than 40 times since the beginning of 2024, yet it remains underreported. Airdrop campaigns are also contributing to the buzz, with rewards ranging from $700 to $4,200, and some projects raising substantial funds from Tier-1 investors, including $33.75M.