DEEP DIVE INTO TON ECOSYSTEM

Summary from the TLDR Crypto newsletter

TON, founded by the Durov brothers in 2017 and rebranded to "The Open Network" in 2020, has seen a resurgence since its collaboration with Telegram in September 2023. It is now the 9th largest crypto project with a current FDV of ~$25B. TON's ecosystem includes the TON Blockchain, TON DNS, TON Storage, and TON Payment. TON benefits from being able to leverage Telegram's user base of ~900M users. It is currently experiencing significant growth in TVL and trading volume bolstered by USDT integration and incentive programs like The Open League.