The Foundation is eagerly deploying incentives to support this trend.
So what are the best things to do on TON now?
First, passive yields.
Right now, there are two juicy campaigns ongoing to attract more liquidity to the TON ecosystem.
• On @ston_fi, users can provide TON/USDT liquidity to earn 87% APY.
• On @dedust_io, the same pair yields 105% APY.
Providing liquidity on TON is now much better than staking ;)
Furthermore, until the end of May, users of on Telegram can activate a 25% APY for their USDT with Wallet Earn. Please note that the deposit needs to be below $3K per wallet.
$NOT earnings are another thing that can be farmed. t.me/wallet
TON's Open League Season 3 focuses on Liquidity Providers, so there are much more pools you can participate in.
Here, the APY can be as high as 900%, but please DYOR as higher APY always comes with higher risks.
TON is now one of the most actively developing and heavily incentivized ecosystems in Web3.
In their blockchain letter, @PanteraCapital's founder Dan Morehead called $TON their largest investment.
$TON already benefits from access to Telegram's vast community, unlike other protocols that need to build their user base from the ground up.
They have money and actively incentivize the community; just the @thenotcoin airdrop was valued at $500 million when distributed.
For many people, @ton_blockchain's incentives are a life-changing opportunity, akin to @AxieInfinity or @Stepnofficial of their early days, but with a larger audience and better tokenomics.
I am optimistic about the future of $TON.
Explore its ecosystem, frens!
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Thousands of threads, hundreds of Reddit topics, memecoins rank the top charts of Web3 narratives...
And you still keep getting rekt.
Change the way you gamble memecoins ↓
BEFORE WE START:
This is a long thread, and the insights will unfold as you read it.
I need to provide you with additional context so you can better navigate this market.
If you don't have 5-10 minutes to read it now, please add this thread to your bookmarks for later reading.
Everyone is buzzing about memecoins. They sprout up like mushrooms after rain, flood your timeline, and are consistently touted as a top narrative of 2024.
Threadoors suggest using DexScreener, reading contracts, following smart wallets... but they miss the bigger picture.
DefiLlama reveals just the tip of the iceberg in the @ton_blockchain world.
• DefiLlama: 14 dApps
• Reality: 691 dApps
TON stands out among blockchains, on the cusp of mass adoption like no other. Here's why ↓
Due to its tight connection with @telegram as the primary user acquisition channel, @ton_blockchain is more of an entertainment chain than a classic DeFi layer.
Normies want to play, gamble, date, network, and easily pay for their favorite private group membership.
Trading, complex DeFi strategies, degening... These topics may only resonate with 5-10% of the vast Telegram user base.
The remaining 90–95% are seeking entertainment and enjoyment, and if they can make money while having fun – even better.
Just in: @movementlabsxyz has raised $38M from @polychaincap, @Maven11Capital, @Aptos, @FigmentCapital, and more.
Positioning: The next big thing in modular infrastructure and a trailblazer in the altVM narrative.
Normie's explainer & how to be early ↓
TL;DR: Key pillars of @movementlabsxyz ↓
• Move – a safe and secure programming language by Facebook
• M1 – a decentralized shared sequencer for the Movement network
• M2 – the fastest and most secure MEVM (move + EVM) L2 that settles to Ethereum with @CelestiaOrg as the DA.
In essence, Move VM:
• Handles digital assets as unique, indivisible entities
• Boosts transactional integrity and prevents duplication
• Offers a more secure and organized approach to asset management
• Supports easier and more secure smart contract development
Isn't it obvious? Why bother checking prices daily on DEXScreener, CoinGecko, or Coinmarketcap when you can simply set up a limit order on a CEX/CLOB DEX and let it execute automatically?
A few weeks back, @1kxnetwork released an insightful research report on the history of memecoins, current trends, and potential opportunities.
Is there a 2024 playbook for memes?
Let's delve into it ↓
+ Bonus: A list of must-read studies on memecoins.
The first PoW memes emerged from the depths of Bitcointalk (OGs remember). They aimed to attract miners, but their actual value was limited, and only @litecoin has stood the test of time.
Then came the era of Reddit and 4Chan, with @dogecoin leading the way as a flagship meme.
Next came the ICO boom. That was when I truly began my Web3 career. It was a time of countless token launches, many of which lacked value.
One notable example was the Useless Ethereum Token, launched in June 2017. It humorously mocked the ICO frenzy and managed to raise 310 ETH.
Eigen DA, Celestia, Avail, NEAR DA:
Who wins the Data Availability race... if any?
Full review of the DA narrative, its key players, and grey eminences ↓
While Layer 2 solutions have been gaining momentum, a critical bottleneck in achieving their full scalability has been identified in the data availability layer.
Historically, between 70% to 90% of rollup transaction fees can be traced back to these data posting costs.
Rollups, like optimistic and zk-rollups, work by processing transactions off-chain and then sharing transaction data or validity proofs with L1 (Ethereum), which faces congestion and has restricted data storage capacity.