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.