Could TON be the new Solana?

[Psalms23]

For me TON and Solana are both major players in the blockchain world, but they each have their own strengths and challenges. TON was created by Telegram and aims for high transaction speeds and low costs, using multiple blockchains to handle large volumes of transactions. Solana, on the other hand, is known for its unique Proof of History system, allowing it to process over 65,000 transactions per second with low fees.

solana has a well-established ecosystem with many decentralized applications, DeFi projects, and NFTs, making it popular among developers and users. TON, despite its strong technology, faced delays and legal issues, which slowed its initial growth. However, with Telegram's large user base, TON still has potential if it can regain momentum.

I think both networks aim to provide fast and cheap transactions, but Solana currently has the edge due to its early adoption and active community. Whether TON can become as successful as Solana will depend on its ability to overcome past challenges and attract users and developers.

[Hispo]

In my opinion, TON has a lot of potential indeed. The fact is a network which is reliable enough to harbor USDT and also is closely linked to Telegram makes it perfect for people who wants to send and receive assets quickly from their phones. Nowadays, Telegram is the biggest app which continuously presents the Bitcoin and cryptocurrency ecosystem to millions only people who would had never have the chance to hold Stablecoins in the first place.
Though, the new public also needs to have some basic education and be careful on what to expect from this new projects and how to spot scams... it is just a matter of time.before some bad people try to capitalize on the popularity of this new coin in order to steal as much money as possible from new investors.

I am not sure whether TON is the new Solana, if it is trying to be the next one,.then it is certainly going in the right direction.

[betswift]

In my opinion, TON has a lot of potential indeed. The fact is a network which is reliable enough to harbor USDT and also is closely linked to Telegram makes it perfect for people who wants to send and receive assets quickly from their phones. Nowadays, Telegram is the biggest app which continuously presents the Bitcoin and cryptocurrency ecosystem to millions only people who would had never have the chance to hold Stablecoins in the first place.
Though, the new public also needs to have some basic education and be careful on what to expect from this new projects and how to spot scams... it is just a matter of time.before some bad people try to capitalize on the popularity of this new coin in order to steal as much money as possible from new investors.

I am not sure whether TON is the new Solana, if it is trying to be the next one,.then it is certainly going in the right direction.

TON is the first token without clear tokenomics, so it's scaring many users, but everything depends on hype!

[tsaroz]

Ton do have a potential and so do many of the new utility tokens that aims to compete with Solana. To be the next hit, they should get the right things done at right time. Cardano always had been a popular utility coin but it never actually threatened Ethereum, BNB or Solana. There are people who still believe in it but when it can't take the market at its time, it would always fall behind. Ethereum was the pioneer of Side chain and their headstart made them the most popular one till date. There were many that tried to reciprocate Ethereum but failed. Solana came as the hit of next generation, it has surpassed coins that are older and younger than itself. In future a new coin might challenge both Ethereum and Solana and that new coin is more likely non existent today.

[pangu]

Ton is baked by Animoca Brands. they want to go IPO in 2025. That should give TON a huge boost..

"And in terms of distribution narratives, things like TON, for instance. Telegram helps solve a really big problem when it comes to Web3 user adoption and onboarding. GAMI now has 3 million daily active users because of Telegram and the TON blockchain. So to me, those are some of the things that I think become really important drivers in all of this.

I believe that over the next 12 to 18 months, we’re going to see over 100 million users join Web3 because of gaming that’s happening to distribution outlets like Telegram. So that’s one of the big trends to look at. So it’s quite consumer-focused and of course that means things like gaming, entertainment and also education ultimately will become very big narratives in Web3 over the next 12 to 18 months."

https://www.animocabrands.com/ton-foundation-welcomes-animoca-brands-as-ton-blockchain-largest-validator
+
https://en.cryptonomist.ch/2024/07/01/interview-yat-siu-animoca-brands/

[Yudhisthir]

The association of Telegram with TON do insure the future for this coin. The telegram platform is using it as the default advertising currency and in future the default currency of telegram messenger. The Durov brothers from telegram are well respected people in the field of mathematics and programming. They were behind the huge social network VK, which they have now left and telegram has became one of the most popular messaging app around the world. Though it don't insure that it would give Solana a run for money. If it were to challenge solana head on, we would have already seen some activities but I believe ton wants to take a different approach than taking head on competition with Solana. They would be another relatively successful coin alongside with others like Solana.

[bangjoe]

When talking about overtaking Solana, in my opinion, it is possible for TON to do, but they still need a long time and effort where they need to have an interesting ecosystem on the blockchain. where Solana has launched many very interesting projects so far so that it has a strong and solid community.

Likewise, the potential of TON is very good with its motto with Telegram it will be much easier to adopt more users who are unfamiliar with Blockchain, with this they can get more users because they have a lot of telegram communities, but indeed they still need to understand the world of Blockchain which connects to TON, maybe one day if this telegram becomes its main sword and is not banned in many countries it will get a much bigger increase than Solana.

[re-start]

If TON focuses more on advertising and marketing, considering that games/defi and Ton memes are expanding, this can be the best factor for TON's development. Also, TON can become the new Solana due to fast transactions and cheap fees.

[pangu]

Why VCs are so bullish on the TON token:
https://www.theblock.co/post/302701/the-funding-vcs-bullish-ton-token

[Hispo]

snip

Well, firstly: TON is not a token is a coin, as far as I know TON id the native currency of the TON Blockchain/network, in the same way Ether is the native currency of the Ethereum Blockchain and ecosystem, and it is the coin in which one is supposed to pay mining fees with, leaving that aside, I would like you to elaborate more on the opacity of TON economics, though. Because it is something I have not heard about and it would be actually concerning to anyone involved as an investor, if the TON ecosystem was not as transparent as they are supposed to be.
Where does the opacity lies on? Are the number of circulating units unknown? Are people not able to see whether they transactions carry out correctly through a Blockchain explorer?
Or perhaps there are some programmed burning of those units of TOM which were supposed to happen but did not in the end?
please explain, as an user of telegram I am surious to know what you mean by all of that.

[Bournesparks]

Ton is baked by Animoca Brands. they want to go IPO in 2025. That should give TON a huge boost..

"And in terms of distribution narratives, things like TON, for instance. Telegram helps solve a really big problem when it comes to Web3 user adoption and onboarding. GAMI now has 3 million daily active users because of Telegram and the TON blockchain. So to me, those are some of the things that I think become really important drivers in all of this.

I believe that over the next 12 to 18 months, we’re going to see over 100 million users join Web3 because of gaming that’s happening to distribution outlets like Telegram. So that’s one of the big trends to look at. So it’s quite consumer-focused and of course that means things like gaming, entertainment and also education ultimately will become very big narratives in Web3 over the next 12 to 18 months."

https://www.animocabrands.com/ton-foundation-welcomes-animoca-brands-as-ton-blockchain-largest-validator
+
https://en.cryptonomist.ch/2024/07/01/interview-yat-siu-animoca-brands/

I agree. Personally seeing TON at $8 makes me remember Solana sub $20. With backings you mentioned & investments from platforms like Bitget as OP opined(which I think will fuel innovation within the ton ecosystem) I'm predicting $50 long term if not more..

[Nothingtodo]

The open Network formally TON, Currently most of the projects are launching on this ton blockchain which is in such a trending position. Currently, Tap to earn, Gaming projects are launching on tons of blockchains and are going viral. With the way Ton is gaining popularity, it may move to the top of the coin market in the future and overtake Sol in popularity.

[Yudhisthir]

The open Network formally TON, Currently most of the projects are launching on this ton blockchain which is in such a trending position. Currently, Tap to earn, Gaming projects are launching on tons of blockchains and are going viral. With the way Ton is gaining popularity, it may move to the top of the coin market in the future and overtake Sol in popularity.

I too noticed it. Solana rose to its fame through meme coins and is still the top choices for most meme projects while TON with its integration with Telegram app can be a good place to game. TON doesn't need to compete with Solana but can be huge with its own market. Not all games in TON are fun though, some are pure meme with no real gameplay and a dumb way to earn. Some games are really strategic and needs proper planning and ideas. Overall, mobile gaming seems to be the next big hit and TON be capturing almost all of that market.

[Stablexcoin]

In my opinion, TON has a lot of potential indeed. The fact is a network which is reliable enough to harbor USDT and also is closely linked to Telegram makes it perfect for people who wants to send and receive assets quickly from their phones. Nowadays, Telegram is the biggest app which continuously presents the Bitcoin and cryptocurrency ecosystem to millions only people who would had never have the chance to hold Stablecoins in the first place.
Though, the new public also needs to have some basic education and be careful on what to expect from this new projects and how to spot scams... it is just a matter of time.before some bad people try to capitalize on the popularity of this new coin in order to steal as much money as possible from new investors.

I am not sure whether TON is the new Solana, if it is trying to be the next one,.then it is certainly going in the right direction.

Solana transfer and confirmation are faster than TON, some exchanges removed TON network transfers for reasons I do not know about but I wanted to make some transfers using the network since the fee was free. Solana network survived based on the project development and improvement while the TON network was based on hype and influences.

Lastly do I need to use both the address and MEMO before a transaction can take place? Its a longer process, new project should fasten the rate of transaction not complicate.

[Ludmilla_rose1995]

~

I am not sure whether TON is the new Solana, if it is trying to be the next one,.then it is certainly going in the right direction.

TON is the first token without clear tokenomics, so it's scaring many users, but everything depends on hype!

It could be said that the tap tap coin project which is currently mushrooming on the Telegram platform has made the value of $TON increase drastically, even now $TON is successfully in position 8 of the global coinmarketcap

I'm not sure that TON will be able to become the next Solana, but if many tap tap coin projects are successful and lead to many users making money then I'm sure TON will continue to get great attention from telegram users