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Home»ALTCOIN NEWS»Telegram-connected Tonkeeper Wallet ranks high on Google Play Store.
ALTCOIN NEWS

Telegram-connected Tonkeeper Wallet ranks high on Google Play Store.

By Crypto FlexsJune 7, 20243 Mins Read
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Telegram-connected Tonkeeper Wallet ranks high on Google Play Store.
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  • tonekeeper wallet dominate Google Play store.
  • that much telegram-Compatible wallets include a variety of innovative features. characteristic to provide something better user experience.
  • ton Apparently it’s at UNStopfable ascent.

Telegram Open Network (TON) suffered a major setback in 2020 when the U.S. Securities and Exchange Commission (SEC) forced it to return $1.2 billion to investors for allegedly offering unregistered securities. Today, following a post-SEC community takeover, TON has rebounded strongly to become a top 10 cryptocurrency.

TON continues to secure key partnerships to expand its reach and appeal. Most notably, it has partnered with Tether to offer USDT and XAUT stablecoins on the TON chain, raising expectations of greater achievements in the future. The most recent sign of this growth is that Telegram-compatible wallet Tonkeeper is dominating the Google Play Store.

Tonkeeper wallet rolling

Telegram-compatible wallet TonKeeper is currently the most downloaded app in the finance section of the US Google Play Store, according to Haseeb Qureshi, managing partner at Dragonfly Capital. Qureshi also mentioned several other cryptocurrency apps that are currently ranked high in downloads.

TON Wallet is currently ranked #1 in Finance on the Google Play Store.

Binance #6, Coinbase #26, and Phantom are back at #27 after achieving first place in the financial sector a few weeks ago. pic.twitter.com/cEJuDfhoYM

— Hasib >|< (@hosseeb) June 6, 2024

Tonkeeper announced on June 6 that it had reached 10 million active users, a growth it attributes to innovative features. This includes gas-free USDT stablecoin transactions and a “battery” feature that eliminates the need to hold TON tokens to cover gas fees. Batteries allows users to top up their accounts using bank cards or stablecoins, with Tonkeeper covering the gas costs.

Learn more

By absorbing these gas costs, the battery feature provides a more frictionless user experience. CTOL Digital Solutions says Battery has facilitated over 1,000,000 transactions in the past month alone, highlighting market demand for these capabilities.

Nonetheless, in recent weeks the TON chain has been accused of market manipulation.

Telegram accused of manipulation

TON Chain was accused of market manipulation after a recent market cap re-evaluation reduced the project’s total value by $7 billion, pushing the coin out of the top 10. The CoinGecko re-evaluation excludes pegged and reserved tokens previously included in TON. This sparked claims that the TON team had deliberately misled investors.

However, TON has since recovered an impressive 16%, hitting a new all-time high of $7.84 on June 5. This surge brought TON back into the top 10, once again surpassing Cardano to take 9th place by market capitalization.

This rebound suggests that the ecosystem maintains significant momentum and trust from investors despite allegations of market manipulation.

On the flip side

Why This Matters

Tonkeeper’s success highlights that users value simple, frictionless experiences. Combined with TON’s seemingly unstoppable rise, this points to a promising future for the wallet provider.

TON works with local partners and global communities to expand USDT reach.
TON makes USDT more accessible to millions of Telegram users.

Bybit appears to have opened registration for Chinese users, causing confusion due to China’s cryptocurrency ban.
Bybit welcomes Chinese users, hopes to ban U-Turn

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