Hamster

Notcoin

mini

Catizen

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-accelerates-the-growth-of-the-ton-ecosystem/" data-wpel-link="internal">Binance Accelerates the Growth of the TON Ecosystem</a> 
<a href="https://en.coin-turk.com/binance-contacts-low-liquidity-altcoin-projects-raises-concerns-about-token-contributions-to-savings-products/" data-wpel-link="internal">Binance</a> has recently been listing multiple altcoins from the TON ecosystem, resulting in significant market fluctuations. Following the consecutive listing of five different cryptocurrencies, Wu Blockchain inquired about the reasons behind this trend from WuliGy, an expert closely monitoring the TON Coin ecosystem. This assessment is expected to provide valuable insights into the current <a href="https://en.coin-turk.com/increased-demand-for-decentraland-mana-token-in-the-midst-of-market-uptrend/" data-wpel-link="internal">altcoin</a> market landscape from various perspectives. 
<h2 style="text-align: justify" id="binance-and-ton-coin">Binance and TON Coin</h2> 
The Telegram-supported TON Coin has eliminated a significant issue for new projects in the <a href="https://en.coin-turk.com/regulatory-challenges-escalating-in-cryptocurrency-industry-a-closer-look/" data-wpel-link="internal">cryptocurrency</a> space. New protocols often require excessive advertising and marketing expenses to reach thousands of users. However, TON Coin can rapidly scale its projects due to its integration with Telegram, which boasts 950 million active users and offers ease of access through Telegram’s mini-app feature. 
We previously highlighted the importance of user experience for Web3 through examples like Stars Arena, which simplifies wallet creation and offers integrated registration features. 
Now, let’s delve into WuliGy’s assessment. Why is Binance quickly listing tokens from the TON Coin ecosystem? 
<blockquote> 
 “I believe the TON ecosystem has gained significant momentum, especially after Notcoin. Supported by Telegram, TON has a large user base, and Notcoin has truly set a trend for Telegram mini apps. 
 Users flocked to the TON ecosystem driven by reward incentives. Major exchanges aim to attract new users, and TON’s Telegram-supported mini apps offer a vast user pool. For instance, we have numerous examples, from Notcoin to Dogs, and recently to Hamster and Catizen. Hamster has over 250 million users, and Catizen reached 10 million just months after its launch. 
 This situation presents a fantastic opportunity for major exchanges like Binance to foster user growth. The ecosystems behind these tokens hold great potential, especially in regions like the CIS and South Asia, where credit card usage is less prevalent.” 
</blockquote> 
WuliGy further speculates that ByBit and other major exchanges will also join this trend and show increased interest in tokens within the TON ecosystem to support user growth. 
<h2 style="text-align: justify" id="altcoins-in-the-ton-ecosystem">Altcoins in the TON Ecosystem</h2> 
The total market value of TON Coin and its associated tokens stands at $15.4 billion, with a daily trading volume of $523 million. Although most of the market value comes from TON Coin, it represents only half of the trading volume. This indicates that despite relatively smaller market values, these altcoins are attracting significant interest from investors. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-389676 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/ton-coin-altcoinleri.png" alt="" width="1273" height="325"> 
The key takeaway from the above visual is the volume data. Exchanges tend to list assets that attract high volumes, as this is a strategy for user acquisition. Although DOGS is still new to the market, it has emerged as the most notable asset in the ecosystem. Additionally, there are others like NOT. With new altcoins being listed, this volume could lead to rapid increases in market value figures. 
The post <a href="https://en.coin-turk.com/binance-accelerates-the-growth-of-the-ton-ecosystem/" data-wpel-link="internal">Binance Accelerates the Growth of the TON Ecosystem</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Binance Accelerates the Growth of the TON Ecosystem

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