The Open Network (TON), once considered the fastest-growing blockchain of 2024, is experiencing a slowdown after reaching 100 million wallets, largely due to its integration with Telegram. This growth was fueled by the distribution of Mini Apps and gaming interfaces within Telegram. However, recent data indicates a decline in network activity and token prices. Many users who joined through promotional airdrops quickly cashed out, leading to a devaluation of the token. Analysts believe the initial valuation of around $40 billion was overinflated compared to industry giants like Coinbase. Despite these challenges, experts still see significant potential for TON. The introduction of millions of new users through the TON wallet opens avenues for various applications, such as advertising, social commerce, and payments within the Telegram ecosystem. The knowledge base established among these users regarding cryptocurrency could lead to greater engagement and innovative use cases in the future.

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