What does TON Wallet offer?
According to a report from The Block, the TON Wallet from Telegram, which was previously focused solely on the simple storage of cryptocurrencies, is now expanding its functionality. Users will now be able to earn income from holding bitcoin, ethereum, and the USDT stablecoin.
This means that the TON Wallet is transforming from a simple storage solution into a gateway to connect to various decentralized finance (DeFi) protocols that offer the ability to earn yields on crypto assets. Thus, Telegram is expanding the range of services it offers its users within its ecosystem.
Context for the Russian-speaking audience
It's worth remembering that the Telegram messenger previously tried to launch its own cryptocurrency Gram and the TON blockchain platform, but ultimately abandoned these plans after facing demands from US regulators. Nevertheless, the Telegram team continues to develop related cryptocurrency services, such as the TON Wallet.
Expert opinion
The development of TON Wallet towards integration with DeFi protocols is a logical step for Telegram. Providing users with the ability to earn passive income from crypto assets increases the attractiveness of the messenger's ecosystem and can contribute to greater audience involvement in crypto-related topics. In addition, this allows Telegram to diversify its revenue, not limited solely to the paid subscription to the premium version of the messenger.
Overall, this new feature of TON Wallet is an interesting example of how traditional technology companies are trying to integrate into the dynamically developing world of decentralized finance.