Ecosystem Brief: The Continued Growth of TON and Liquid Staking

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Source: Messari Major Ecosystem Screener

Another month has seen a decline in the prices of most ecosystem tokens, reflecting an ongoing bear market. As with last month, Telegram’s TON token is the notable exception with close to a 65% increase in token price over the last 30 days.

In addition to the Telegram bot narrative, and rising usage on TON chain, additional attention towards TON can be attributed to Telegram’s September 13 announcement integrating the Telegram wallet. Over 800 million users (outside of the U.S.) are now able to access the non-custodial TON wallet to transact directly within Telegram.