The Telegram social network platform has witnessed phenomenal growth over the past few years, culminating in its first profitable year in 2024. The company achieved a total revenue exceeding $1 billion, marking a significant milestone. A key factor in this success has been the strategic integration of blockchain technology via the TON network, which has attracted nearly 1 billion users to the platform. Additionally, Telegram has effectively monetized its offerings through methods such as giveaways, mini-apps, Telegram Business, and an affiliate platform. With a cash reserve surpassing $500 million, not accounting for crypto assets, Telegram is poised for substantial growth in the years to come.
Telegram’s Adaptation to Global Digital Shifts
The issue of freedom of speech has become increasingly significant in major jurisdictions like the United Kingdom, European countries, and the United States. Leading social media platforms, including X, Meta’s suite of apps, TikTok, and Telegram, have faced regulatory challenges in these regions. Telegram, in particular, has gained a reputation as a more secure platform, primarily due to its robust privacy protections against interference from Russian authorities.
However, in mid-2024, Telegram’s standing underwent a significant change when Pavel Durov, the platform’s founder, was arrested in Paris. This event coincided with Telegram modifying its privacy policy concerning user data in response to government requests. According to reports from 404 Media, Telegram responded to just 14 requests in the first nine months of 2024, affecting 108 users. However, from October to December, requests surged to 900, impacting over 2,250 users.
Impact on the Toncoin Ecosystem
Telegram’s evolution in response to global regulations is anticipated to have a profound impact on the Toncoin ecosystem. This top-tier Layer 1 (L1) blockchain, with a fully diluted valuation of approximately $269 million and a stablecoin market cap of around $1.41 billion, has experienced significant growth, largely driven by Telegram’s mini-apps like Hamster Combat (HMSTR), Notcoin (NOT), Dogs (DOGS), and others.
However, the increased legal scrutiny of Telegram could potentially reduce cash inflows to the Toncoin ecosystem in the near term. Furthermore, criminal organizations, including Chinese syndicates in Southeast Asia, reportedly generate between $27.4 billion and $36.5 billion annually through illicit activities on the platform.
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FAQs
Does Toncoin have a future?
Yes, with the anticipated bull run for Layer-1 projects, this #10th position altcoin is expected to outperform major cryptocurrencies in the near future.
How high will the TON price reach by the year 2025?
The Toncoin (TON) price is projected to reach a high of $16.65 by the end of 2025.
