Intro

For more than a decade now, we have been promised a digital but decentralized tomorrow. A tomorrow that is still not coming. Even the most fanatical Web3 adepts are beginning to admit out loud: crypto, as it lives now, looks more like a branching text quest with bugs in the logic than the promised path to freedom and control.

If a random sample from all corners of the globe were polled right now on their attitudes toward Web3, the most frequent response would be “how the hell do you use it?”

Each successive round of blockchain innovation turns out to be the same - the user is left behind again. Why?

• Technical barrier at the level of early-access neural network simulator
• UX, in which grandma with a laptop is not a metaphor, but a control group
• And the general feeling that entering Web3 is like taking part in an Assembler Olympiad.

Even major media outlets have recognized for years that mass adoption is hampered not by innovation, but by uselessness and poor experience of the average user. Crypto remains for geeks, not people.

And yet, ironically, it was in 2024-2025 that we first experienced real mass adoption of blockchain. But it didn't happen thanks to the sudden insight of the crowd and losers with courses on Coursera. It's just that Web3 finally remembered: a product isn't something you build. It's what people know how to use.

Let's get the complicated under the hood, leaving only interest and curiosity, complete with convenience....

So the time of abstraction began: complex algorithms started to hide behind simple actions. Now the user privately does only one action while 10+ operations/sec are happening inside the system, and doesn't need to know about the last ones

Marketing from Web2 finally crossed the threshold of Web3: and the magic began. Instead of “DeFi instructions”, it is increasingly “more profitable than in a bank”, not “connect MetaMask and sign a transaction”, but “click a button in a messenger chat”

Why now?

Because TON played flawlessly - like a player who hid his queen to the last. In the arsenal: the strongest tech background, attention to UX, integration in Telegram and a community that was asking for depth. It all came together.

What does Tap-2-Earn have to do with it? A simulacrum of crypto. But in fact, it's a demo of a new logic. Where every tap is an introduction to Web3 without the feeling of pain. No “you don't get it.” No whitepapers or webinars. Just intuition and dopamine loop.

The first mini-apps were indeed a portal in which the user understands nothing, but actively participates in view of the clear horizon that the marketer promises him: awards, honor, fame, electric car and a self-replenishing supply of toilet paper.

Meanwhile, with each new task, purchase of boosters, and clicking on the ceo hamster, our hero gets a wallet, an address, and the first ways to distribute tokens.

Remember the last time you thought about TCP/IP while ordering rolls? Exactly. T-2-E did something that whitepaper and courses didn't do - they showed that understanding isn't necessary. What's important is to participate.

But the Tap-2-Earn trend is dying down, the beta is ending, and TON Network's arsenal of demo-less, but with the same subtext: crypto can be global, safe, and simple is coming on the scene.

Let's imagine the picture:

You're a crypto-zero. You have three mini-apps in your luggage. One wallet, two clickers. And suddenly in front of you is an elevator down to where the Looking Glass is: an ecosystem where owning, playing, investing, and acting happen inside a messenger.

Ready to dive in?

We will answer these and many other questions. But not with instructions, but with a narrative. Through cases. Through examples. Through experience.

Swap. Stake. Borrow. Repeat.

Tonormies - from baseline to experimentation.

Useful symbiosis for Web3: T+T

Where did we come from and where do we stand now?

TON's history in general is full of ideological narratives in which “digital resistance” in the form of a dog in the hood no longer seems out of the ordinary.

The network itself, as well as its core team, already tried to play by systemic geek rules as early as 2018, when the launch of Gram (the original naming) was thwarted by regulatory claims.

Management came out of the game with the attitude of a friendly Samaritan.
“If not us, then the community” - this principle became prophetic for the final version of the product.

In the end, TON didn't disappear.

It transformed. It moved from a corporate model to open, community-driven development. And in 2024-2025, TON will again be next to Telegram - not as part of it, but as an equal partner. A messenger with an audience of billions and a blockchain with an infrastructure to match its ambitions.

Today, TON claims to be the most user-friendly blockchain in the world. The team is building a crypto experience with the same logic that Uber has in 2025: no instructions - it just works.

«I wish good luck to everyone who is striving for decentralization.... You are waging the right fight. We hope you succeed in what we have not succeeded in» - Pavel Durov

Little castling

In chess there is a rather simple but ambiguous term “castling”. A king hiding behind a rook goes nowhere on the chessboard, leaving the possibility of further maneuvers.

At the end of 2021, Pavel Durov, for the first time after a pause, publicly supported the efforts of the open source community with a public code that is, de facto, a fork/offshoot of the original Gram, with a focus on non-commercial and public use of all of the PD team's endeavors.

The Free TON project [the next name after Gram] eventually outgrew the follower framework, with the creation of the TON Foundation, a headquartered community that included all the key infrastructure developers (e.g. TON Labs) as well as new participants.

By 2023, it was clear that this community had made great progress with Toncoin and the first iterations of the network's applications.

At this point, a reverse convergence with Telegram occurred. The messenger team, convinced of TON's viability, began integrating some services.

In other words, laid the foundation for everything that was already in other blockchains, CEX, DEX and NFT, just inside a messenger used by millions.

And in 2025, the cooperation was formalized:

TON became the exclusive blockchain infrastructure for Telegram's mini-application platform

TON has become the only cryptocurrency that is supported by Telegram at the infrastructure level.
This means:

There's a reason we're skipping the history of updates, and innovations up to the present: we're now in another peak of technical solutions that the user generally doesn't notice.

In other words, TON got a “springboard” in the form of Telegram's colossal audience, and Telegram got a ready-made decentralized infrastructure for new functions.

The complementarity is obvious.

And this symbiosis in the form of an engine and a steering wheel has become a paradox for users running on the crypto blade after the primitive Tap-2-Earn: it often seems that many users first learned that they were interacting with the blockchain only when they received their first coins inside Telegram to the mystical TON wallet address.

mini apps

Mini apps inside Telegram became literally a viral entry point to TON.

They attracted tens, and then hundreds of millions of users.

And - without much explanation, without “entry tasks”, without downloads. Just a button in a chat room, but with capabilities comparable to a full-fledged application.

Mini apps are a quiet revolution.
It's not a feature. It's a pivot:
from cumbersome interfaces and “for your own use only” -
to the Web3 embedded in everyday life.

Architecture for newbies

Here, gentlemen, two cultures collided - a messenger that grew up on the idea of privacy and scaling, and a community that had at its core the ideals of decentralization and autonomous but open development.

What we have now on the TON Network is the result of the movement of many pieces on a chessboard. Queens and bishops, rooks and pawns from all different corners of the blockchain industry, united by the goal of creating a scalable, decentralized, and most importantly, user-friendly network for 99.9% of users.

Kick me if I run the chess metaphor hint again

TON Labs, Open Builders, teams like Wallet, Fragment, etc. - ideological architects who have come to the forefront of “progress”.

...all these are not just chips, but a solution to the pain of all predecessors along the way. We leave the chase for the hype to the talking heads, the KPI in the form of a billion possible users comes into play!

This is what makes it possible to run full-fledged DEX, DeFi platforms and NFT markets right in the Telegram interface without dropping the network, even when millions of users are using it at the same time.

Telegram as a UX add-on over blockchain

Bots, inline apps, Web Apps, Telegram ID authorization. All of this has been around for a long time. TON Connect and Mini Apps just turned the old mechanisms into a real ecosystem.

User sees a button → clicks → gets wallet → gets tokens. Doesn't understand - but participates.

TON, on the other hand, did well.
Because it is designed as a service layer for Telegram, not as “just another blockchain”.

Life after taps

Before we move on to a global understanding of the usefulness of Telegram+TON for the average crypto-user, and at the same time, also a beginner - we must choose the base from which we will go on this adventure.

If you are familiar with TON only from Tap-2-Earn, you only knew 3 possible storage wallets for your tokens - let's start with them.

In TON, the wallet is not an app, but a contract. To be more precise - a smart contract that is deployed for a specific user. This is not frontend, but logic: what can be done with your tokens and who has the right to do it.

And here the principle is simple: if you don't have a key, you don't have access.

And that's where non-custodial wallets come into play: Tonkeeper, TON Space, Tonhub, OpenMask. It doesn't matter what you choose. The important thing is that you have control of the key.

So you can sign transactions directly. Connect to applications via TON Connect. Stake tokens. Vote. Enter pools. Get drops.

For those who prefer full control and are ready to understand the details, solutions like MyTonWallet and OpenMask are suitable. These are not wallets where everything is “ready out of the box” - they are tools that open up more possibilities, but require attention.

In TON you don't have to choose one wallet - experienced users have long practiced separation: one wallet for storage, another for actions. It's like having money on a card and a stash: something you use every day and something you only touch when necessary.

For long-term storage, Tonhub is great. It's not overloaded with unnecessary features, it's well-protected, doesn't require registration, is stable, and does exactly what you expect it to do: it holds TON and NFT, supports staking, and makes sure your assets are in order.

But when it comes to interacting with DeFi - connecting to dApps, swaps, farming, or dealing with Jettons - Tonkeeper comes to the forefront. It's the workhorse of the TON ecosystem: support for TON Connect, multiple compatible services, frequent updates, quick connectivity, and advanced functionality without losing control of the keys.

This hybrid approach is the most logical: you don't have to sacrifice security for convenience, and vice versa. You use Tonkeeper as your main wallet for activities, Tonhub as a safe haven.

And if you're just starting out and don't want to get into the intricacies of storage and recovery phrases right away - @wallet remains the perfect entryway. It works right in Telegram, is as simple as possible, allows you to send TONs without commissions inside chats, and connects to the TON ecosystem without installing separate apps. It is, in fact, a crypto-wallet with a messenger interface - and for the first acquaintance with the network you can't think of a better one.

So the question of "which wallet to choose" is really a question of how deep you're going to go into TON. Will you stay at the level of Telegram payments or will you start to build yield-strategies, participate in lending, restaking and asset management.

The entry threshold is low - TON has done everything to make even a non-custodial wallet work without pain.

But beyond that, it's up to you. Not on the UX, but on your intentions.

TON DeFi - a basis that you can touch with your hands

So, our adventurer already has a wallet and the first $TON on the balance. What's next?

The question arises: what can be done with it “useful”, except for sending it to friends or holding it while waiting for the “moon”?

Here we come to the concept of DeFi (decentralized finance), one of the key uses of blockchain. DeFi often scares newcomers with an abundance of terms (staking, farming, liquidity pooling, launchpad, etc.).

But terminology aside, DeFi is simply an infrastructure that allows money and value to move without intermediaries.

And sometimes the best thing blockchain can provide is not a revolution, but a trivial working “Exchange” button that starts it all.

TON users already have access to more than 800 dApps and mini-apps - from clickers to financial instruments. And among them are quite tangible and working mechanics that form the financial backbone of the TON network.

The race of “DeFi-progress” has long gone away from beautiful banding and empty tokens. Now the winner is the one who removes unnecessary steps and makes DeFi understandable and tangible.TON DeFi - a base you can touch with your hands

→ Block for those who came to TON not to play, but to earn.

Flagships of easy and fast exchanges: DEX, aggregators

STON.fi / DeDust / Swap.Coffee

Exchange / swap is the first point of entry into any DeFi. What can be added to describe what is already written into the canon of any modern blockchain.

But where does the liquidity (financial capacity) in the automated exchange process in the same Tonkeeper come from?

Unlike the P2P interface of @wallet, the first thing its non-custodial counterpart shows us is a provider that provides conversion at the current exchange rate of a particular coin.

In 2025, in the decentralized TON field, this role is fully performed by dexes, the flagship representatives of which are STON.Fi and DeDust.io

STON.fi

has become the leading DEX on TON with an intuitive interface and deep liquidity. As of 2024, it processed over 90% of all DEX transactions on TON, offering near-zero commissions and minimal slippage (price slippage at trade close).

Gasless-swaps support allows you to do without commission, and smart algorithms select the best rate from available pools.

STON.fi is embedded in wallets (Tonkeeper), Telegram bots and mini-applications. Here you don't need to read guides. Here you just exchange.

DeDust

- King of TVL TON: turnover and liquidity here are the fattest (especially on pairs with TON and stables).

The main plus is the aggressive support of new tokens and unique bonus pools: yields at the “start” are inadequately high, often over 100% per annum.

The platform also attracts farmers with its own token $DUST to reward pools

The first portfolio tracker TON appeared here, and the whole architecture is focused on fast exchange with minimal commissions and emphasis on farming for those who like passive investments.

Swap.coffee

Aggregators like Swap.Coffee are beginning to play the role of a bridge between the user and the infrastructure: you choose an asset, and the platform itself decides where and how it will be more profitable for you to make a transaction - STON, DeDust, or their pools.

If you press the swap button, a cascade of dozens of contracts starts inside, and the result is already with you.

swap.coffee helps you quickly and easily exchange tokens in the TON network by scanning multiple exchanges and liquidity providers at once. Main features:

• Automatic search for the optimal exchange rate
• The platform compares prices on all supported DEXs (including new ones like Colossus) and, if necessary, splits the exchange across multiple pools to reduce slippage.
• Instant swap without complicated settings
• You don't need to understand the intricacies of DeFi: one or two buttons and your tokens are already swapped.
• Additional features for advanced users
• Ability to set up limit orders, automatic DCA strategies and other useful tools.
• Flagship-level integrations:
• Support for WSS pools (Weighted Stable Swap) to minimize losses when exchanging stable coins;
• Link to Rubic for crosschain swaps directly from your TON wallet.
• As a result, you can swap $TON for tokens from other networks in a couple of clicks, while staying in a familiar interface - fast and lag-free.

^ What if. Rumor has it that STON.fi and Swap.Coffee may join forces as part of OmniSTON, offering a single API for all TON applications. This would make swaps instantaneous and invisible to the user, hiding routing across multiple exchanges under the hood.

A fairly cursory introduction, wouldn't you agree?

And that's the beauty of a blockchain that's built “for everyone” - the more you want to get out of your time in the crypto-field, the more features get in your way.

But the sleeker the interface, the smarter the mechanics behind the scenes - the less you experience it.

Any DEX or aggregator becomes a single button. And underneath it, there's already an algorithm running that will deduce the best deal outcome. Without your involvement.

The key interaction with the main representatives of finance on TON is still to come, so we'll come back to the functionality of both StonFi and DeDust.

Ahead of Staking - shake and mix

Liquid staking: tsTON (Tonstakers) stTON (Bemo), etc.

After the first steps: swaps, farming and connecting to DeFi - the next natural question arises:

Is it possible to earn something just by having a TON?

The answer is yes, that's what staking is all about. One of the basic ways to make crypto-assets work, even if you're not ready to engage in trading or strategies.

If you want to compare percentages and dive deeper into the numbers, we recommend checking out StakingRewards. Everything is explained there.

Let's start with the basics. To become a validator in TON - a full-fledged node that ensures the operation of the entire network - you will have to freeze at least 300,000 TON. For comparison: in Ethereum, “only” 32 ETH is enough.

But, like the infinite progression of restaking in Ethereum (perhaps we'll leave this point to your independent research), there is a nominator position for people with less capital but more enthusiasm.

A nominator is a member who “lends” their TONs to a selected validator. Each time the validator receives a network reward, it is distributed to the participants involved.

Direct pools (nominators). Formal smart contracts where users pool TONs for collaborative staking.

For example, the TON Whales pool (min. 50 TON) or the TON Foundation pool (min. 10,000 TON).

Agreed, even in the case of 50 $TON it raises a logical question:

why should I freeze my funds with no way to manage them other than on/off? - And that's where liquid derivatives come in

The original acronym LSD (Liquid Staking Derivatives) already hides the essence - there are so many options that it feels like a financial acid trip, where one stake turns into several tokens, strategies and usage scenarios at once.

Protocols like bemo and Tonstakers make it possible to throw any amount of TON into a stake and get a “staked” or LP (Liquidity Pool) token as an output

In fact, this is where the term “liquidity” or fluidity comes from - you get rewarded with the original TON, but you can invest its LP version in other strategies. You stake TON through the dApp, get *TON, and then you can, for example, deposit *TON into a pool on DEX for additional income.

Even 3-5% per annum in Toncoin is already a good return. This is the kind of return you get in classic liquid staking: TON is blocked, validators do their job, and you get part of the reward.

But when numbers like 20, 50, or even 70% APR appear, it's not about magic or secret buttons, it's about additional layers of profitability.

The game starts where liquid staking tokens like stTON, tsTON and their derivatives come into play.

How does it work?

Instead of just keeping LSTs in your wallet, you send them further into DeFi - into liquidity pools, farming, loan collateral, and other protocols.

It's no longer just “lay and drip” - it's an active farming strategy where every step adds another source of income.

This is where the idea of asset reuse comes into play. Your tsTON is no longer just a token, but a working element for building a strategy: you can invest it, pledge it, exchange it, and get another profit from it.

This is how we get to the next level - where liquidity is not just parked, but moves, works and returns with profit.

Fantastic farms and their habitats

The combination of DeFi tools in TON allows to assemble economic mechanisms where three parties win at once:
- the network itself (gets TVL),
- the protocols (gets users and volumes),
- you (gets revenue, flexibility and access to new strategies).

The classic 2024-2025 example used by everyone: LSD → LP

For example, bonuses from the TON Foundation (5 million TON) were given for providing liquidity to the stTON/USDT and tsTON/USDT pools on STON.fi and DeDust. At peak, the total return on such pairs exceeded 50% per annum (APY%) - against the background of relatively low risks, this attracted a lot of capital and allowed TON's TVL network to soar to $300M+ in due time

But let's be honest: there's no such thing as free money.

Where is your liquidity going?

Instead of telling you about the circulation of liquidity on blockchains everywhere, the best visualization example would be the “Farming” graph on the leading DEXs mentioned earlier: STON.fi and DeDust.io

Using their examples, you can see dozens of options to farm your LP tokens for rewards that come directly from commissions, for each swap across the specific pair you participate in - tsTON/USDT, bmTON/USDT, etc.

Difficult to perceive, but not to use. It's funny, but it's not the final fantasy on strategies either

What if we introduced another variable where we borrow and lend our LSDs and TONs? - It's about the EVAA Protocol.

EVAA Protocol

(evaa.finance) is a TON borrowing protocol where you can use liquid tokens (like stTON) as collateral, take USDT and let it go into the same farming, thus using the same TON twice.

LSD → lend → borrow → stablefarming

Of course, this strategy comes with liquidation risks, but with moderate leverage it has become quite common among experienced participants.

With the integration of USDe it is possible to create a cycle TON → tsTON → collateral → borrow USDe → exchange for TON → repeat, in which part of the debt itself is repaid at the expense of USDe yield.

There is also talk about the appearance of the first derivatives on TON (options, futures - for example, the Storm Trade project is working on this). This will make it possible to minimize the risks of farming and open even more complex strategies.

But even the current set of tools is already impressive: competent users can pump liquidity around, turning each $TON into a “workhorse” on several fronts at once.

Fiva

takes the next step: the platform offers a simple interface for farming, pre-selected pairs and automatic awarding.

This is especially valuable for beginners: you just deposit liquidity, and the system does everything else. There is even a section with recommended pairs and calculation of returns for the period.

But the fun part starts when all the tools start to interact.

Automation of these bundles has already appeared in the interfaces of some dApps, and STON.fi and DeDust are testing new models of concentrated liquidity and auto-compounders. The volume of TVL in the network thanks to these practices has already crossed $300M, and judging by the trend, this is just the beginning.

Opportunities are growing. So are the risks.

Here, at the intersection of derivatives, farming and bots,
TON is transforming from a network into an ecosystem,
and Telegram into the interface of the new economy.

Not a token game. But a real stack. Inside the messenger.

Network edge

The TON ecosystem by 2025 already offers not only mature DeFi mechanics, but also experimental tools - for those who are looking for high returns, are willing to take risks and want to get in early on strategies.

Let's look at three areas:
trading, liquidity management and new token analytics.

Trading and derivatives

Storm Trade

Decentralized derivatives trading platform available directly in Telegram. Supports crypto, equities, forex and commodities with leverage up to 50x.

• Pros: User-friendly interface without KYC, high liquidity, possibility of STORM token staking with commission income.
• Risks: High volatility and liquidation risk when using leverage.
• Relevance: One of the most active TON trading products in 2025. TVL of about $33M.

Tradoor

DEX with an emphasis on speed and accuracy of execution. It has Turbo Mode with accelerated transaction processing, leverage support and farming mechanics via tgBTC and other pools.

• Pros: Fast trading, minimal slippage, support for external networks (ETH, BSC, Solana).
• Risks: Young project, bugs are possible. High risks when using leverage.
• Relevance: Supported by TON Ventures, received $3.2M of investment.

Liquidity management and concentrated pools

Bidask

DEX with concentrated liquidity and custom pools. Allows LPs to choose narrow price ranges and earn more on commissions.

• Pros: More efficient capital allocation, range customization, custom orders.
• Risks: Impermanent loss and the need for fine-tuning. The interface requires understanding of the strategy.
• Relevance: Institutional focus. Partnership with DWF Labs.

Tonco

The first CLMM-DEX on TON, inspired by Uniswap v3. Supports NFT positions, band presets and optimization for TON VM.

• Pros: Flexible pool management, possibility to customize the strategy for your position, high LP yield.
• Risks: Strategic mistakes in range selection, possible low liquidity on new pairs.
• Relevance: TVL and activity are growing. One of the most convenient CLMM-DEX for retail.

Titan (Colossus)

Another concentrated DEX, this time from the Titan team. Allows you to manage NFT positions, farm $TINC token, customize ranges and farm with high capitalization.

• Pros: Multifunctional LP-interface, internal award system, NFT positions for secondary.
• Risks: Competition for liquidity, impermanent loss.
• Relevance: One of the most advanced interfaces among the new DEX in TON.

Tools for analysis

DeFiLama

DeFiLama is an aggregator of TVL (Total Value Locked) and other metrics across hundreds of protocols in dozens of blockchains. For a beginner, it's especially useful:

• Ecosystem Comparison
  - Total TVL widget by TON and other networks;
  - Ranking by liquidity growth/decline dynamics;
• Categorization
  - DEX, lending, staking pools, NFT marketplaces;
  - Ability to “click” and go to a detailed description of each protocol;
• Historical graphs
  - Daily, weekly and monthly TVL;
  - Behavior of metrics during periods of minnets and network updates.

Dune Analytics

Dune is a platform for self-service “digging” into blockchain data using SQL. Key benefits:

• Query flexibility
  - Write your own SQL queries against public onchain transaction tables;
  - Save and share dashboards with colleagues.
• Variety of templates
  - Ready-made reports on popular DEX and pharming strategies;
  - Code examples for working with the TON ecosystem.
• Data Visualization
  - Build interactive graphs and tables inside your browser;
  - Export results to CSV/PDF for presentations.

Arkham Intelligence

Arkham specializes in analyzing address behavior and “tracking” the big players:

• Whale Tracking
  - Notifications of large deposits and liquidity withdrawals;
  - Activity history of a particular address or contract.
• Address clustering
  - Clustering based on transaction and interaction patterns;
  - Identifying “moderate” and “aggressive” participants.
• Scenario analysis
  - Models of price movement probability depending on “whale” actions;
  - Convenient panel for monitoring “whale alerts”.

Mars от TONPlanets

Mars is a new aggregator designed specifically for the TON ecosystem. Its “features” are:

• “Ecosystem Google”
  - Full-text search of all tokens and contracts in TON;
  - Quick access to metadata and project descriptions.
• Transaction feed and PnL charts
  - Real-time and historical data on hedge fund and trader profits/losses;
  - Ability to filter by volume, time and type of transactions.
• Holder analytics
  - Balance distribution charts;
  - Identification of “whales”, ‘bears’ and “speculators”.
• Meme-coin Trends
  - Metrics for growth, decline and social media activity;
  - Early detection of “alpha news” before attention spikes.

How to choose a tool

1. Broad picture - start with DeFiLama to assess general TVL parameters and trends.
2. Deep analysis - move to Dune if you need your own samples and dashboards.
3. Whale monitoring - connect Arkham to track large transactions.
4. TON-centric analyst platform - use Mars to quickly find new opportunities and minimize slippage.

Why meaning is important, not hype

Looking through crypto channels and chat rooms, it's hard not to notice the flood of announcements of new tokens, launchpads and promises of easy income. But every time another tempting project appears in front of us, we should ask ourselves: what is its practical meaning and how does it fit with the vision of TON Network?

TON Network was created not just as a platform for tokens and quick speculation, but as an infrastructure capable of providing real utility and long-term financial solutions. At the center of this infrastructure are mini-apps and mass solutions like clickers that attract users and create the foundation of an ecosystem. But the real value and long-term utility lies deeper: in effective DeFi solutions and tools that enable meaningful financial and asset management.

Experimentation-oriented projects, meme content, short-term earnings all have their place. They are entry points, engagement tools, training grounds for users. We've already traveled these routes, finding where it's fun and where it's risky. Now it's time to look ahead: not at what's already attracting attention, but at what will work in the long run.

Bundles and Financial Awareness

What is truly valuable is not the tokens, but the logic behind their circulation. TON has already built mechanics that allow participants to not just hold assets, but to integrate them into ongoing bundles:

LSD → LP → Farming: turns staking into yield, yield into liquidity, liquidity into a sustainable economy.
DeFi products (STON.fi, DeDust, Fiva, EVAA): allow flexible asset management, opening up opportunities not only for storage but also for growth.
Re-utilization of assets: participate in lending, form DAO pools, enter farming - all this is already possible without leaving Telegram.
The ecosystem is forming a new behavioral norm: you don't just invest - you move capital in a living circle, where each step reinforces the previous one.

Decision maturity is on the horizon

And now that we're at this juncture, it's clear: true maturity begins where the question becomes not just about returns, but also about sustainability. What exactly does our portfolio consist of. What is it backed by? How does it behave over distance?

These reflections do not invalidate experiments. They make them more conscious. We don't close the door to new strategies - we finally have the tools to understand which ones are really worth considering.

A very humanized to the reader explanation of RWA on TON

Stability is something any investor comes to sooner or later.

No matter how much we try to ride the excitement, thoughts of stable (including financial) development befalls all explorers of new digital spheres, especially those who come in for freedom, decentralization and real engagement.

After walking through the hype and experimental bundles, you already have an understanding of the primary strategy, but you're still in the real world, with phone in hand

This is where you want to think about the next step - real assets (RWA) and fixing in stablecoins (= profit stability equivalents)

Let's start with an interesting one.

In 2025, the TON ecosystem has taken a significant step towards integrating real assets (RWAs) into the blockchain space. In collaboration with Libre, a real asset tokenization platform, a $500 million Telegram Bond Fund (TBF) was launched.

This fund provides institutional and accredited investors with access to Telegram bonds in tokenized form, ensuring regulatory compliance and the ability to use these assets in DeFi products on TON.

For TON users, this marks the beginning of the journey to being able to invest in real financial instruments, such as bonds, directly via blockchain, using familiar wallets and interfaces. Libre has already tokenized over $200 million in assets from leading financial institutions including BlackRock and Brevan Howard, and now these products are becoming available in the TON ecosystem.

If @wallet has an investment product that allows you to invest in the gold index, what other stable instruments will we be getting in the very near future?

The launch of tgBTC is another landmark event on TON in the context of asset tokenization.

In the fall of 2024, the TON Teleport BTC technology was unveiled, which opens up Bitcoin's access to the TON ecosystem. It is a decentralized bridge: BTC is transferred into a special smart contract, after which an equivalent tgBTC token is issued on the TON network.

Each tgBTC is guaranteed to be backed by the original bitcoin (1:1 ratio) and can be “unbundled” back at any time - the user simply sends tgBTC to the bridge and receives BTC on the native blockchain.

All transactions take place without trust in intermediaries, automatically, using smart contracts.

In the future, TON Teleport may expand to other assets: trusted bridges can bring Ethereum, USDC and other top crypto-assets liquidity to TON, and possibly tokenized commodities (gold, commodities) from third-party teams.

The main thing is that a foundation has been laid where any value can take the form of a token on TON.

Now on to stablecoins. USDT already appears in TON as a universal settlement asset, but in 2025 all attention has shifted to more advanced forms:

• USDe from Ethena Labs is a synthetic dollar backed by ether LSD and hedge positions. It has already accumulated ~$6 billion TVL in Ethereum, and is now targeting a Telegram audience of 1 billion people. The main draw: a built-in yield of around 8-10% per annum. On TON, it's available in two variants: classic USDe and staking tsUSDe, which accrues rewards directly into TON. Pools with tsUSDe are already available on STON.fi and DeDust, sometimes giving up to 30% APY - as a result of compounded returns from different tiers.

Возвращаясь к пункту от стратегиях, для нас это ещё один промежуточный пункт для построения стратегии по ликвидности

Returning to the point from strategies, this is another intermediate point for us to build a liquidity strategy

Besides them, wrapped stablecoins (e.g., jUSDT) remain in the ecosystem, but as support for native USDT grows, the role of such tokens is gradually diminishing. However, bridge solutions (LayerZero, Axelar) allow to bring assets such as USDC, DAI to TON and back to Toncoin and LP tokens to external DeFi spaces.

Here and now the answer to the question that arises for everyone who has taken the first steps in crypto is being formed: where to go next?

The idea is simple: don't just hold coins, but figure out what exactly you are investing in. And even though at first it sounds more complicated than “pressing a button”, but in the long run, this is what gives you a new level of financial independence.

Telegram Gifts: engine or fuel for a TON?

supported by: Blockchain Whisperer TON

You may have noticed that in 2025, Telegram Gifts and NFT-stickers were almost the main topic of discussion in crypto chats. TON ended up earning the informal title of “NFT-chain of the year”, and the whole movement attracted a record number of new users and caused a wave of respect for the network even in other communities.

But how did it all get started?

In the beginning, to be honest, the idea of releasing gifts on Telegram was viewed by many with skepticism. Experienced users, who remembered the excitement of the Notcoin days, wandered from app to app, trying to grab at least some remnants of that hype. And only a few really filled their bags with gifts.

And then January 3, 2025 happened.

Telegram announced that gifts could now be upgraded. Hundreds of skins, hundreds of thousands of new players, excitement and madness in the eyes. People were gripped by greed and the feeling of easy money - the classic companions of every big NFT-boom.

However, not everyone won. The big winners were those who managed to keep a cool head, buying gifts at the very bottom of the market. And for the sake of historical fairness, here are the prices of those very gifts at the start, over which today's newcomers can only smirk:

• Pepe Plush – $300
• Durov's Cap – $100
• Precious Peach – $50

Months later, after the initial X's and a huge influx of outside audiences, the giveaways have become an incredible phenomenon. For those who haven't seen the early days, here are the highlights of the growth:

• Kissed Frog – 111,780%
• Scared Cat – 73,729%
• Electric Skull – 67,936%

But most interestingly, the NFT hurricane of Telegram Gifts didn't just enrich the lucky winners, it pulled other TON products into its orbit. NFT-stickers followed in the footsteps of gifts: iconicity, famous designers and brands, limited editions. Anonymous numbers, as a status symbol and pseudo-anonymity, also picked up the hype.

So now Telegram's gifts are not just a driver of the hype, but a catalyst for the broader TON ecosystem. The NFT boom is followed by an influx of liquidity, then DeFi tools appear: loans, staking, farming - this is the very capital rotation that makes blockchain sustainable and attractive for long-term investments.

This very mechanism has already proven its effectiveness many times over: think of Ethereum, BNB Chain, Avalanche, Flow. Telegram Gifts and TON is a story that has already shown it can rewrite the rules of the game for the entire NFT and DeFi market at the same time.

And while the cycle continues, the big question is where will this NFT cyclone go next? But one thing is certain: it's worth keeping an eye on.

Thank you for your attention and see you soon!

Author: Arthur Yan

Editor: Arni The GOAT