TON introduced Memelandia, a new decentralized hub designed to grow its memecoin ecosystem by leveraging Telegram’s huge user base.
A new space for memecoin communities
As the popularity of memecoins spreads across various blockchain networks, TON seeks to differentiate itself in a crowded market.
By creating a dedicated space for memecoin communities, Memelandia hopes to capture the attention of both individual traders and institutional investors, and it’s pretty likely it will.
The platform isn’t just a place for trading, as it is also a decentralized ecosystem where communities can compete, innovate, and grow together.
Key features include Launchpad Lair, where new tokens can be launched, Meme Mountain for creative content, and Cabal Arena for meme battles. Looks like the next level in the memecoin scene.
Based on what we know now, Memelandia will provide various tools for creators and traders, including trading bots, decentralized exchange listings, and marketing support.
This will help elevate memecoins beyond the TON ecosystem and boost wider engagement within the crypto community.
Leveraging Telegram’s massive user base
Memelandia wants to take advantage of TON’s close connection with Telegram, which boasts around 900 million users.
This integration has already shown positive results, because TON experienced huge growth in active wallets.
Currently, the network has over 11.8 million monthly active wallets and nearly 700,000 daily active wallets, establishing itself as a pretty important player in the memecoin market.
The launch of Memelandia is part of TON’s strategy to capitalize on the increasing momentum of memecoins across various blockchains like Tron and Solana.
These networks have become popular among memecoin traders due to their lower transaction fees. With this new initiative, TON positions itself to capture a larger share of the market.
Institutional interest
At the same time, the rise in memecoin activity is beginning to attract interest from institutional investors, which is quite surprising.
There are indications that funds that previously overlooked the memecoin market are now reconsidering their options due to pressure from investors.
This trend is expected to gain speed in the fourth quarter of the year, possibly bringing more capital into this sector.
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