Wallet, the built-in Telegram crypto interface, rolled out on-chain yield features for major coin holders. The TON-based non-custodial tool lets users deploy funds into decentralized floating-rate strategies.
Protocols Morpho, TAC, Re7 automatically route user deposits into active DeFi strategies. The USDT pool powered by Re7 algorithms offers a maximum blended rate up to 18%. Similar earning options are available to BTC and ETH holders.
The Ups and Downs of the TON Ecosystem
Since early 2024, developers actively pushed to onboard the messenger's massive audience to The Open Network via tap-to-earn games, driving sustained interest for an extended period.
The initial hype soon gave way to a drop in activity. Telegram's cryptocurrency segment struggled to maintain its early momentum. Specifically, the TON community criticized the project for showing favoritism toward certain mini-apps within Wallet.
Backed by The Open Platform, the venue currently serves over 150 M users.
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