Michael Nadeau Profile picture
May 14 1 tweets 1 min read Read on X
Telegram has:

- Over 900 million active users
- A trusted brand that stands for something while aligning with crypto: 1) freedom to communicate privately, 2) freedom to express yourself publicly, 3) freedom to build your apps and businesses.
- A 10x lead on its closest competitor (Signal)
- A smart contract network that can scale with user growth
- A wallet natively built into the Telegram app
- Integration with USDT for stablecoin payments

It appears that Telegram is a social/communication network that is backing its way into blockchain/crypto for payments & other use cases.

Sort of like the "everything app" Elon Musk has hinted at with X.

Excited to see what apps get built on TON and follow Telegram's growth onchain.

Data: Telegram all-time token holders vs daily fees via @tokenterminal

P.S. Telegram has 30 employees and averages 2.5 million new users onboarded per day (!)Image

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More from @JustDeauIt

Apr 18
Every qtr I spend a week writing The Ethereum Investment Framework while combing through hundreds of KPIs throughout the Ethereum Ecosystem.

10 insights from the Q1 update which was published yesterday.

Shout out to @artemis__xyz for supplying the data.

A 🧵
Newer blockchains may be stealing some mind share from Ethereum, but in terms of where the value still sits, the King still rules:

- 5x higher TVL than the second-largest L1
- 10x higher TVL than #3 Image
As of 3.31, Ethereum has over 118 million non-zero wallet addresses, a KPI that has been growing at a compound annual rate of 40% since 2018. At 3.31, Ethereum has over 2.3x more non-zero wallets than the Bitcoin network. Image
Read 12 tweets

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