The TON ecosystem has finally erupted into its own in this bull market cycle, after enduring several market cycles. In September 2023, Telegram officially announced the integration of the TON network, marking a reconciliation between the two. With a monthly active user base of 900 million, Telegram has opened the gateway to Web3, pouring immense traffic into the TON ecosystem and igniting a surge of interest.
The crypto market has clearly recognized the impending tidal wave that the TON ecosystem is about to unleash. The Total Value Locked (TVL) in the TON ecosystem has surpassed 740million.As two significant projects within the Telegram×TON ecosystem, Notcoin and Memecoin Dogs have brought immense popularity and attention to the entire ecosystem through their unique gameplay and influence. The success of these projects has not only elevated the visibility and influence of the TON blockchain but also fueled financial activities and transaction volume growth within the ecosystem, laying a solid foundation for the future development of TON.
How Close Are We to Mass Adoption?
The Telegram×TON ecosystem is edging closer to the vision of mass adoption. However, the long-term value of TON cannot solely rely on the hype generated by memes; it necessitates the participation of a diverse range of applications. Nevertheless, the challenges facing projects looking to join the TON ecosystem are evident: The unique technical architecture of TON adds complexity to development within the ecosystem, and the lack of infrastructural support leaves developers without suitable tools for building on TON.
To provide Telegram Mini App developers with a one-stop DeFi service and help more outstanding applications overcome the technical hurdles of building on TON, LayerPixel has crafted a Layer 1.5 solution based on TON for Telegram, filling a gap in this field and providing robust support for TON’s rapid development.
Indeed, the $2 million seed round led by Kenetic Capital, with participation from esteemed investors such as Foresight Venture, VentureSouq, Waterdrip Capital, Web3 Port, Microcosm Research, and dozens of notable individuals, marks a significant milestone for LayerPixel. The caliber of the participating investors underscores the market’s confidence in LayerPixel’s potential and serves as a strong endorsement of its vision and roadmap.
This funding not only validates the hard work and achievements of the LayerPixel team but also provides critical resources to accelerate their growth and development. With this financial boost, LayerPixel can further refine its technology, expand its product offerings, and potentially explore new markets or partnerships. It’s an exciting time for the company, and the entire ecosystem is likely to benefit from their progress and innovations.
Through the recently launched Game of Dawn event, LayerPixel successfully bridged the gap between Web2 users and the Web3 world, injecting new vitality and possibilities into the TON ecosystem. This not only showcased the potential of the TON ecosystem to external users but also offered fresh perspectives and directions for addressing user acquisition and value creation challenges.
How has LayerPixel achieved such remarkable success in both funding and innovation? How has it evolved from technological innovation to user strategy and ecosystem building? What are the unique aspects of LayerPixel that set it apart? Let’s delve deeper into this project that is transforming the TON ecosystem landscape.