Nov 17From Bots to Mini Apps: Unveiling Telegram’s Web3 EcosystemTelegram Bots Are Gaining Traction According to Binance Research’s Telegram Bots: Exploring the Landscape report, cumulative lifetime volume of trades facilitated on Telegram bots exceeded $190M in early August, 2023. In July 2023, daily active users of Telegram bots also reached a record high of 6,000. Both CoinMarketCap and CoinGecko now feature Telegram Bot Tokens…Telegram10 min readTelegram10 min read
Nov 8How to Achieve EVM Compatibility in Non-EVM BlockchainsThis public article is the result of an internal report conducted by The Open Platform. Accelerating Blockchain Startups to Escape Velocity. https://top.co/ Key Takeaways: The most commercially successful cases of bringing EVM capabilities to non-EVM compatible blockchains are Aurora (a smart contact on NEAR that executes an EVM code), Moonbeam (a parachain…The Open Network18 min readThe Open Network18 min read
Oct 31The State of TON DeFi Q3 2023TLDR: The launch and rapid growth of liquid staking protocols, such as bemo and Tonstakers, are mitigating the decline in TON TVL following the end of the Liquidity Mining Campaign. …The Open Network10 min readThe Open Network10 min read
Aug 16The power of blockchain lies in communityGreetings! As one of the key ecosystem players, we are pleased to support the TON Believers Fund community initiative. In essence, TON Believers Fund’s goal is to revitalize TON tokenomics, making the ecosystem more appealing for users, investors, and builders. …The Open Network2 min readThe Open Network2 min read
Aug 7GameFi and User MonetizationCurrent monetization features Play-to-Earn (P2E) model: Gamers can earn rewards by participating in games and completing missions or tasks. These rewards can be traded or sold on various marketplaces. In-game purchases: Gamers can buy virtual items, weapons, armor, and other assets using in-game tokens or cryptocurrencies. …Cryptocurrency6 min readCryptocurrency6 min read
Jul 26The State of TON DeFi Q2 2023This public article is the result of an internal report conducted by First Stage Labs. Accelerating Blockchain Startups to Escape Velocity. https://top.co TLDR: TON Foundation’s Liquidity Mining Campaign caused a surge in TVL with a substantial increase of 30.4% compared to the previous quarter. …The Open Network11 min readThe Open Network11 min read
Jul 13Oracles: Revenue and TokenomicsKey takeaways: The typical revenue model involves validators setting a fee for a data request to cover their gas and maintenance costs, while users pay for each request. Validators use the platform’s token as collateral, and the protocol selects the validator with the most staked tokens to fulfill the request. As a…The Open Network17 min readThe Open Network17 min read
Jul 6Synthetic Assets: The Promising Frontier of On-Chain Financial EngineeringTLDR: Perpetual futures on popular cryptocurrencies like ETH, BTC, BNB, MATIC, and SOL, along with highly liquid TradFi assets such as forex pairs, gold, and S&P E-mini, demonstrate strong potential drivers for adoption. …Cryptocurrency14 min readCryptocurrency14 min read
Jul 4Crypto Market Research: Malaysia, Indonesia, BrazilNote from First Stage Labs: This public article is the result of an internal report conducted between May 2023 and June 2023. How We Collected the Data This report provides insights from market research conducted in Malaysia, Indonesia, and Brazil. The findings are derived from in-depth interviews with crypto investors and traders. …Cryptocurrency7 min readCryptocurrency7 min read
Jun 7Stablecoins: Collateralized vs AlgorithmicStablecoins are growing in importance as they account for an increasing proportion of the total crypto market cap, currently exceeding more than 10% (source). They provide a means of transferring value in a decentralized and trustless manner. They offer a way for traders to hedge against market volatility, facilitate the…The Open Network20 min readThe Open Network20 min read