Sunday might be a day of rest, but @PortalsMarket isn't taking it easy. They’ve just overtaken @tonnel_network in the @Telegram Gifts transaction flow!
This isn't about trading volume—it's the foundation of liquidity itself.
Explore the future of buying and selling Telegram Gifts on @TON_blockchain:
An Interesting Data: I analyzed transaction data from the Telegram minter address (gift-minter.ton), focusing on unique addresses and total transaction volume. Here are the key findings:
- 90% of the time(days), over half of the transactions involve moving NFTs from TON into Telegram.
- This trend is further supported by daily wallet address activity, though a more robust analysis would require calculating **7-day retention rates** to confirm the hypothesis.
My arguments: For sure, we should value each transaction by the market value of NFTs since basing it on the number of transactions might be unfair. However, # of Tx is the key metrics for TON Blockchain. People who deposit in the off-chain Marketplace are using TON, and pricing those gifts in TON is beneficial as it increases the demand for toncoin.
The current trend in marketplaces from a user-needs perspective seems unstoppable—no gas fees, no royalties, extracting value from the process. As someone who participated in the NFT craze, I can attest that this phenomenon is unique. Yet, if you look at the Web2 journey in e-commerce or online stores, it is not surprising (e.g., CSGO skins).
My point is, if the entire gifts-related ecosystem moves in this direction and can still drive more people to purchase toncoin, it is undoubtedly positive.
Based on data feedback, I suggest that if you want to buy your first Telegram Gift NFTs, you should check items in off-chain marketplaces. They usually offer better liquidity and may have the content or items you want.
https://t.co/0EK5gcTszj
🎁 I use Portals (https://t.co/7jbE9NmE9U) to buy Telegram Gifts.
Just attempted to build a wallet management system in #TON last week. The experience felt quite lacking because:
1/ The wallets in TON( @TON_blockchain) are Smart Contracts, which require initial deployment by sending transactions.
This means if you want to create a receiving address for each client, you might need to take the risk of creating and deploying multiple addresses in advance to ensure users can receive funds smoothly. (You need to initialize the address first.)
News: So @Telegram is going to launch the 5-year company bond with a 9% yield. Estimates suggest it can bring in $400 million TVL on-chain to @TON_blockchain.
- What yields can be boosted if we use loop leveraging? - What kind of derivatives can you build here?
It's an interesting concept—stablecoins should differentiate between "Yield Bearing" assets and "Saving" assets.
#USDT / @Tether_to is great because it captures people hedging positions who want to maintain dollar value. Most importantly, all trading pairs are pegged with /USDT.
Just spent more time on data today: The Ethereum main-net gas fee has dropped to only 10% compared to the last cycle in the 2021 DeFi Summer.
I would say DeFi could possibly make a comeback, since:
1/ Lower gas fees mean reduced transaction costs for participating in DeFi activities, especially for small investors, significantly lowering the entry barrier.
2/ Lower gas fees encourage more frequent trading activities, such as adjusting positions in liquidity pools, conducting arbitrage, or participating in multiple protocols. These activities increase market liquidity and efficiency, potentially boosting yields.
3/ With reduced gas fees, users' net returns increase, making DeFi yields more attractive. For example, if the gas fee for a transaction drops from $50 to $0.09, the compression on participants' returns is significantly reduced.
4/ With higher "Real" income -- it push people more willing to re-invest in other DeFi projects. Which is great.
5/ 5/ People might not need non-EVM chains as much, since the current TVL (trust level) is still 90% primarily in ETH-related areas. This means #TON might face a more challenging environment to seek growth.
2/ Excellent data performance in income flow; over $20m+ and high DAU data—over 7M DAU combined across multiple platforms (including @Telegram, Line, and web browser)
3/ The team does not stop at one blockchain, it operates on multiple chains.