This post articulates how Telegram is transforming from being strictly a social app to providing blockchain and payments for millions of users. Telegram currently has over 900 million active users and is integrating blockchain technology through its TON smart contract network to offer scalability and stablecoin payments via a built-in wallet.
Wednesday, May 15, 2024TON suffered another outage on Wednesday.
The TON network saw a sharp rise in activity following Telegram founder Pavel Durov's arrest, with daily transactions spiking by over 160% and active addresses hitting record highs. Despite this surge in usage, the TON token's price has plummeted by 30%, likely influenced by both the arrest and broader market conditions.