💎 First Stage Labs' report about the state of TON DeFi

Here’s an overview:

TON already has wallets, marketplaces, auction platforms, launch pads, DEX, and staking pools. Yet it needs some supporting infrastructure (oracles and bridges), DeFi services (loans, stablecoins, and earn options), as well as more educational materials and courses for a mass audience.

It has a Total Value Locked of $0.5 million, similar to Solana, Polygon and NEAR in 2020 - 2021, when they were listed on DefiLlama. Several problems are apparent: low liquidity of native tokens, low blockchain TVL, almost all of it coming from STON's work.fi, and low network activity.

Here is what TON needs:

✅DeFi infrastructure: a crucial requirement for all DeFi projects
✅Core DeFi projects: an overcollateralized stablecoin, a lending protocol, and a liquidity staking protocol
✅Incentives for developers: creating the necessary dev tools and attracting new talent to the blockchain
✅TVM-EVM adoption tools

The authors recommend focusing on the following projects:

✅ Bridges: developing a single standard for wrapped tokens
✅Decentralized stablecoins: a significant boost to the TVL and trading volume, adding utility for TON tokens and creating new profit opportunities on the blockchain in the form of interest, liquidity pools, and daytrading
✅Lending protocols: there are currently no lending solutions on TON, but they could create markets for interest-bearing assets and self-paying loans, boosting TVL and on-chain activity
✅ DEX LOB (Limited Order Book) Protocols: also missing on TON
✅ Protocol for liquid staking derivatives

The study is pretty thorough, that’s for sure. Find out more here.

Would you add anything to it? What do you think matters most?

Yours truly, @DeepTonEng

🌐 Decentralized governance on TON

Just in the last few days, TON has launched the first Decentralized Autonomous Organization platform for making important decisions. We see this as an important milestone for the ecosystem in its transition to decentralized governance. Let's take a deeper look into this landmark event.

Orbs, a key partner and blockchain infrastructure provider, has recently launched TON.Vote, a decentralized on-chain DAO governance platform built exclusively for the TON ecosystem. It uses the latest technology to provide tamper-proof access to Ton.Vote and vote verification.

As the developers explained, interacting with the platform is simple: users connect a wallet - Tonkeeper, OpenMask, MyTonWallet, TonSafe, Tonhub or TON Wallet and vote by using their TON balance as the weight of their vote.

The first vote has already been held when users expressed their opinion about optimizing the network's tokenomics. In the future, the platform will be used to make decisions about the network's projects. There is already proposed documentation to help dApps integrate TON.Vote.

In conclusion, decentralized governance will make the platform truly inclusive by allowing everyone to have a say in its development.

Regards, @DeepTonEng

👛 Another great practice has been implemented on TON: The Developers' Report. Now the shroud of uncertainty is gone: users are invited to take a deep look into the inner workings of the ecosystem every month. This builds a whole new level of transparency and trust for the community.

By the way, the January edition seems particularly insightful, and we invite you to read it here. Stay assured, this won't be the last one. 👍

Yours truly, @DeepTonEng🤨

🌐 SafePal proudly announced staking available for TON and Flare Network, among the 55 other networks it supports.

The Flare network was initially building a DeFi ecosystem for Ripple. But plans have changed, and now it provides solutions for blockchains that cannot work directly with smart contracts.

On January 10, Flare listed its #FLP coin on Kraken and Bitstamp, and now TON users can stake it on SafePal.

👛 The Open Network has opened a discussion about TON Connect and its role as a single network-wide communication standard.

⚙ The standard will provide:

Compatibility and interaction between any TON application and TON wallet. Whether it's a desktop, mobile or web application, a hardware wallet or a browser extension, they will all work on the same protocol. Meanwhile, users will get a simple and friendly interface.

TON Connect is being developed by the Tonkeeper team, and they would like to know about any potential shortcomings of the proposed solution.

Check out their discussion of this Ton Enhancement Proposal ➡️ here

🌐 VK NFT offers drops from partners

Today VK NFT announced the launch of drop mechanics, which allows celebrities, artists and brands to release collections directly on VKontakte. Partners will be able to create their own brand page in the application and add NFTс with varying degrees of rarity and additional bonuses.

You can distribute them in various ways: for example, by giving them away for free through promo codes, as gifts, bonuses, subscriptions, as a reward for certain achievements and even as an entry key to exclusive groups.

To get an NFT, all you need is the public address of your crypto wallet. VKontakte releases NFTs using the Polygon blockchain🤡

Yours truly, @DeepTonEng

☀️Thank you to our dear readers

We appreciate all your reactions, even emoticons!🙃 So go ahead and express yourself fully! 🧐

📈 But let's look at some updated numbers from the mighty CoinMarketCap, with an overview of TON's performance.

Current indicators:

✅ Price: $2.51
✅ Capitalization: $3,056,611,060
✅ Daily volume: $54,195,989
✅ Total supply: 1,221,401,181 TON
✅ Ranking: #24

By the way, it's nice to see that the coin price has been so stable, with its lowest reaching only $2.05 last month.

Your watchful @DeepTonEng

🏆TON has been nominated!

The Open Network has been nominated for two awards: “Blockchain Protocol of the Year” and “Developer Community of the Year” for the AIBC Eurasia Awards 2023.

The AIBC Eurasia Awards is a major event at the AIBC Eurasia conference, which hosts summits for the fields of artificial intelligence, blockchain technologies, and quantum computing. The awards are meant to promote the best representatives of these industries and draw attention to their achievements.

Let’s show the power of unity of our blockchain community and make our vote count😏

→ Vote for your favorite blockchain here

Your competitive @DeepTonEng

💱Fragment Updates

Inactive bots can now lose their username, much like inactive Telegram channels and chat. They get assigned generic usernames instead, as shown in the image above.🆙

Because bots used to take up so many usernames, there weren't enough simple and catchy ones for regular users. This is about to change, as people will soon be able to bid and purchase their desired username.

Fragment is offering an increasingly diverse array of digital assets in the form of NFTs. This, in turn, increases demand for TON coins and attracts new users to the network.

Your fragmented @DeepTonEng'

🛍Getgems on Magic Square

The NFT marketplace Getgems has joined the crypto App Store and got an amazing validation score of 4.8 out of 5.

Magic Square is a modern web3 ecosystem that brings together blockchain and crypto apps, DeFi, CeFi, NFT, GameFi, Metaverse, trading exchanges and much more.

It offers users the ability to try out various blockchain applications, crypto games, products and services, while developers get the opportunity to harness the potential of web3 for their applications.

The project is backed by solid partners and investors, such as Binance, Republic, Crypto.com, KuCoin, Gate.io, Huobi and others.

We’re happy to see TON apps and services attracting more and more users every day from all over the world!

Your magical @DeepTonEng

🔒TON is listed on SuperEX

Today, at 09:00 (UTC), $TON has joined a new exchange!

SuperEX is a cryptocurrency exchange where traders buy and sell digital assets using various trading pairs.

The exchange is fairly recent and has already attracted many traders due to its high level of security, liquidity and ease of use.

Your super @DeepTonEng

🔍Detailed breakdown of 85% of TON supply

Whiterabbit has released a detailed investigation into how funds are distributed between miners, validators and TON Foundation.

Whiterabbit is a crypto research and consulting company that works with builders and venture funds to provide the best support for genuine crypto projects.

Feel welcome to read the full article on their website.

Your efficient @DeepTonEng