- What Drives Binance’s Interest in TON Coin?
- How Does the TON Ecosystem Benefit Exchanges?
- Key Insights from the TON Ecosystem
Binance actively adds new altcoins from the TON ecosystem, leading to notable changes in the cryptocurrency market. This trend was analyzed by Wu Blockchain and WuliGy, who provided deep insights into the motivations behind these developments.
What Drives Binance’s Interest in TON Coin?
The TON Coin, supported by Telegram, offers a unique advantage for new cryptocurrency projects by reducing marketing expenses. With Telegram having 950 million active users, the integration allows these projects to scale rapidly using Telegram’s mini-app feature. This user-friendly feature enhances the web3 experience by simplifying processes like wallet creation and registration.
How Does the TON Ecosystem Benefit Exchanges?
According to WuliGy, the TON ecosystem’s momentum surged after Notcoin set a trend for Telegram mini apps. Reward incentives have attracted users, presenting an opportunity for major exchanges like Binance to grow their user base. Examples within the ecosystem, such as Hamster and Catizen, have already amassed millions of users, indicating potential growth areas for exchanges.
Key Insights from the TON Ecosystem
* Total market value: $15.4 billion. * Daily trading volume: $523 million. * TON Coin: Represents half of the trading volume yet dominates market value. * Altcoins: Despite smaller market values, they draw significant investor interest. * DOGS: Emerging as a prominent asset in the ecosystem. The interest in these altcoins suggests that other major exchanges, like ByBit, will likely follow Binance’s lead, focusing on tokens from the TON ecosystem to increase their user base. This approach aligns with targeting regions where traditional financial tools, such as credit cards, are less common, providing an avenue for greater adoption.
Binance's example shows how listing altcoins from the TON ecosystem can help increase user bases and overall activity in the cryptocurrency market.
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