⚡Dynamo DeFi Pro - Week Ending 05/11/24

On-chain insights and DeFi strategies

Premium Dynamo DeFi subscribers receive a weekly Dynamo DeFi Pro newsletter, where I share:

1. Latest crypto market trends

2. Trending protocols and chains from on-chain data

3. Current DeFi strategies that I’m using

Other benefits of Dynamo DeFi Pro include:

• Access to a Discord community

• A monthly group Zoom call

• Long form research articles

• Guided research videos

💡Dynamo’s Thoughts

In today’s article:

1. Taking a deeper look at TON

2. Rise of the Consumer dApps

Taking a Deeper Look at TON

It’s time we took a deeper look at TON. I may prepare a full deep dive of TON at some point, but, in the meantime, here are my thoughts and research on one of the fastest growing ecosystems in crypto.

What is TON?

The Open Network or TON for short originated in 2019 as the Telegram Open Network. The Telegram messaging app launched a massive ICO to raise money for the blockchain. Long story short, eventually, after an SEC suit, Telegram returned $1 Billion+ to investors and announced the end of their active involvement in TON. TON was rebranded to The Open Network and fell off many people’s radar.

But that wasn’t the end of the story.