TON_Learn

Trash on TON winter
Hackers league

🤬There is a terrible dissatisfaction with the result of the selection to the finals in the hackathon chat - there are about 12 projects in the final that, according to the rules, should not have passed.

🤡That is, teams that have been working for 2 months (just imagine what defi is to do for a hackathon) see projects launched in the spring in the final! or having no interaction with smart contracts, although important criteria at the hackathon were:
- availability of Smart contracts
- A full-fledged working application with smart contracts in the mainnet
- The code should have been developed during the hackathon

🤖At the same time, yes, it is possible for existing teams and brands according to the rules, but not with existing and even more so already launched apps.

🙈The guys in the chat even put together a list with the finalists who violated the rules:

LINK

The following funnel turns out:
▪️TON invests money in attracting developers,
▪️then there is a dropout due to the complexity of TON,
▪️and a very small part of people reach the actual development of Projects on TON.

🗿And then the organizers of TON winter league hackathon just make sure that the teams ready for blockchain development go to other blockchains.

🐔And then there are conversations about why in other Defi blockchains, and in TON.....

Tutorial on dton.io

A long time ago, I posted a lot of tutorials on TON development on this channel, for example tutorials on developing smart contracts on FUNC. And I decided to shake off the old days and make a tutorial on a product that I adore.

This is the dton.io indexer.

Indexers are services that aggregate blockchain transactions within themselves, enrich the data and allow you to get this data in the required form.

The tutorial will teach you:
▪️make basic queries
▪️data that is in dton.io
▪️fix timeout errors
▪️use filters
▪️organize data in the response
▪️create aggregated queries

So if you plan to create your applications on TON or do data analytics, this is a great first step for you.

LINK ENG | LINK RU

The Rule of Three, Tonhub and Product Management Strategies

▪️A couple of weeks ago, russian-language channel CRYPTUS released a film-interview about TON. For me, the most interesting part was questions about grants and projects in TON.

▪️Anton Tsivarev, Director of TON Ecosystem Development, talked about the Rule of Three.

▪️Rule of three - in each segment of projects on TON there are three projects, so that there is competition between them and this develops the ecosystem. In my opinion, this approach has both pros and cons.

▪️One of the cons is that imbalances will always arise, some projects can capture a large share of the market, and help from the ecosystem cannot always smooth out the gap. The question arises, what to do in this case?

▪️I think the answer is to find strategic advantages and partnerships and, of course, new markets. Let's take the super competitive TON wallet market, where new projects are constantly emerging.

▪️Tonhub has recently started allowing you to apply for a Visa card linked to your TON or USDt balance and make payments directly via Apple Pay and Google Pay.

▪️If you look at it from a product strategy perspective, you can see that instead of fighting in the red ocean of wallets, tonhub is entering the blue ocean of crypto-neobanks (put a 🗿 if you know what blue and red oceans are). With all the features, like transaction fees, KYC and global payments (Swift does it all)

▪️For those interested in the technical side of the issue, such functionality is achieved through a partnership with Holders, a company specializing in the issuance of non-custodial cards.

▪️P.S. For now, all this is only available to users with a European ID, but in 2025 Tonhub plans to expand to other markets

@ton_learn

Polymarket - bubble or new Unicorn?

▪️Screenshots from Polymarket - a prediction platform on Polygon, filled both classic media and Twitter and Telegram channels. The platform shows 100x growth in trading volumes over the year. Let’s dive into the drivers that provided such growth, and also see if there is a similar hidden gem on TON.

▪️Elections. 84% of Polymarket volumes are bets on political events. The two main drivers here are geopolitical instability and the US elections. But there have been elections before this, and the global tensions did not appear yesterday, so where does such interest in the platform come from?

▪️Mistrust of the media. The media trust index has been at its lowest level in decades. Large investment funds (Vitalik Buterin and Peter Thiel are involved in raising funds) invest in Polymarket, seeing it as a solution to the problem. Bets on Polymarket are becoming a “source of unbiased truth” in the world of fake news.

▪️Front page. Winston Churchill said that whoever controls attention controls the world. And Polymarket, being DeFi, is hot on the heels of traditional media, claiming to be the first page that will be opened on the Internet.

▪️The main question. Will Polymarket be able to retain all the traffic and volume after the US elections and become a new unicorn in the media market?

▪️And what about TON? TON cannot boast of such an application, much less such volumes, but some applications have begun to insert bets on political events, for example, if you want to use TON to bet on the US elections, then there is, for example, Whale (Sports Section->Section). But does this have the potential to become the first page on the Internet or a new unicorn, it is unlikely ((. It seems that first, you need to turn off the casino path …🗿

@ton_learn

4 projects to win at the TON hackathon with a prize of $2mln

The Hackers League Hackathon: Winter 2024 has recently started on TON, but the example projects are 5-7 years old (uniswap, makerdao…)

And since TON is good for copying projects from other networks (TON is not EVM compatible, so you can’t quickly enter this network from Ethereum-like networks, so it is not profitable for already working projects to leave the “native network” to TON, I can write a separate article about this, put 🗿 if you want to read)

I took 4 of the fastest growing DeFi from Binance Research this year so that you can win this hackathon:

▪️ Pendle - is a decentralized finance protocol that allows users to tokenize and sell future yields. Pendle allows investors to trade expected returns now, optimizing yield management in volatile markets.

Pendle has seen remarkable growth since the start of the year, skyrocketing
by 1962% to US$4.8B in TVL(to the end of spring)

▪️ Ethena - stablecoin that uses a delta hedging mechanism, essentially a synthetic dollar that does not require the same amount of overcollateral as first-wave algorithmic stablecoins (like DAI)

During the spring Ethena’s USDe has surged 2730.4% to reach a market cap of US$2.4B

▪️ Morpho - lending primitive that allows the permissionless creation of isolated lending markets. Isolated lending markets refer to a market between just two assets - one collateral and one borrowable asset, each with
independent risk management.

With over US$2.5B in TVL, Morpho has become the 6th largest on-chain lending platform, boasting an impressive 76.7% increase YTD these spring

▪️ Hyperliquid - order book-based perpetual futures derivatives DEX.One of the biggest benefits of running on its own L1 is that the exchange experiences high throughput and performance.

Since the beginning of 2024, Hyperliquid has consistently recorded impressive daily volumes exceeding US$1B

Good luck at the hackathon!

Buy jettons on TON with minimum fees | Start with TON on CEX with bonus |@ton_learn

TON - How do top traders make money on DEX?

In any business/sport/hobby, it is always interesting to learn the secrets/methods/techniques of the best. Therefore, I downloaded all swaps from Stonfi and Dedust for the last 30 days and calculated Realized Profit so that I could analyze their transactions. Let's see what came of it.

Methodology

I took swaps - within 30 days, since I was interested in active traders
Excluded those with less than 10 transactions in 30 days
I only took pairs from TON
I calculated Realized PNL - I have a separate post about this


TOP 5 traders by PnL (by clicking on the address you will see transactions for all time):

1) mCiU 30d swaps: 51 PNL: 97806 ~ TON

This address simply drained the GRAM token for 30 days, by the way, this is a problem with PnL as an indicator - the absence of purchases on DEX is displayed as a huge profit

2) naCQ 30d PNL: 34427 ~ TON

Same as the address above

3) d6Ke 30d PNL: 32413 ~ TON

traded: PLANKTON,TON Inu
sold: DFC, GLINT, PUNK and many others

4) c2lN 30d PNL: 30294 ~ TON

Like the first two addresses, simply sold GRAM

5) rN2L 30d PNL: ~ 24939 TON

And again just GRAM sales

Here I realized that we need to take into account the number of sales and purchases and additionally sort only them, otherwise we simply get a list of those who bought/received tokens before the period in question and simply sold them

TOP 5 traders for PnL with ~similar BUY and SELL:

1) zVGO total pnl: ~ 14172 TON buys: 14 sells: 20

Bought and sold GRAM

2) yhHu total pnl: ~ 10105 TON buys: 6 sells: 7

Bought and sold KINGY and DFC

3) _r6M total pnl: ~ 8852 TON buys: 6 sells: 13

Very diverse deals

4)o9Qf total pnl: ~ 7655 TON buys: 2 sells: 9
Bought and sold GRAM and SCALE

5)cFI- total pnl: ~ 7312 TON buys: 24 sells: 33
Very diverse deals


Jettons that gave maximum 30d PnL:

GRAM about ~ 833712 Total DEX PnL in TON

DFC about ~ 150267 Total DEX PnL in TON

JETTON about ~ 63876 Total DEX PnL in TON

ARBUZ about ~ 26995 Total DEX PnL in TON

TONNEL about ~ 26243 Total DEX PnL in TON

If you want to study the trades and PnL of any address on TON, I have an open source tonlearn.tools. Enter the address, click on the lines with Jettons and copy the transactions of any TON DEX Trader.

TG Usernames - What to buy at TON?

Telegram Usernames is a top NFT collection with clear utility

But which usernames can be resold profitably in this collection?

To answer this question, I parsed all transactions over the past six months.

Next, I took from there transactions where:

- there was a change of address of the owner (which means resale)
- price >120 TON (we are looking for how to make money).

The result was about 3,000 resales.

Then I got the following clusters:

1) Names - 103 resales

There are especially many female names in this category

TOP resale: selena - 8 000 TON

2) Crypto - 100

Diffrent crypto related things

TOP resale: memecoin - 42 069 TON (first resale was 368 TON!!!)

3) Brand - 74

The possibility of marketing expenses by brands makes this category interesting

TOP resale: yahoo - 25 000 TON

4) Chinese 70>

Most likely there are even more Chinese words than I marked - unfortunately I don’t know Chinese

One of the top resale: yinhang - 10 000 TON (first resale was 366 TON!!!)

5) Georaphic names- 54:

There are both popular locations and rather small-town locations like gomel - small city in Belarus

TOP resale: america - 15 800 TON

6) Occupation - 48

Professions and names associated with hobbies

One of the top resale: creator - 10 500 TON

7) Gambling - 40

Words including bet casino are often found in the dataset

One of the top resale: roulette - 80 000 TON

8) Technology - 37

This category surprises me a little, the words here are very diverse

TOP resale: livestream

9) Transliteration - 29

Telegram is popular in Russia and of course there is a cluster with Russian words written in English letters

ТОП: kalyan (means hookah) - 4 212 TON

10) Filthy language - 23

Everything is simple here - swear words and other prohibited on tv words

One of the top resale : slut - 10000 TON

11) Celebrity - 19

In this cluster, full names are rarely found; resales occur for some short names that are associated with celebrities

TOP resale: musk - 9 088 TON

I think you will be interested in reviewing them

I want to say a special thank you to the guys from dton whose service allows you to do such analytics.

P.S I leave the chat closed for now - there is a lot of spam from

P.P.S In the next post we will look at the top traders on DEX in TON

@ton_learn | twitter | buy TON and jettons

Threat to TON: EIP-4844

At the end of the year, many crypto-related companies voice trends for the next year. All reputable forecasts (bitwise, a16z, etc.) for next year include EIP-4844.

The Ethereum EIP-4844 update will affect transaction fees in L2 networks, as well as the GameFi segment, I’ll try to briefly explain what’s what:

1️⃣Ethereum Goal

Ethereum aims to scale by implementing sharding, breaking down the blockchain into smaller parts to process more transactions. Yet, this introduces challenges, like executing code across shards.

2️⃣Sharding?

Sharding involves splitting a database or system across multiple resources. In Ethereum, it means dividing the network to boost efficiency and throughput.

3️⃣Enter EIP-4844: A Solution Unveiled

EIP-4844, aka proto-danksharding, proposes a groundbreaking fix. It introduces a new transaction type that accepts "blobs" of data - sizeable chunks stored on Ethereum for a limited period.

4️⃣The Power of 'Blobs'

'Blobs' are a game-changer. They allow dApps to bundle transactions and submit them as a single blob, slashing the number of transactions and reducing fees.

5️⃣Reduced Fees: A Win-Win + Throughput

With blob-carrying transactions, fees become significantly lower, making dApps more accessible for users. This is a gift for L2 and GameFi, they can “packed” txes into blobs and thus become super cheap. By batching transactions, Ethereum processes more per second, boosting throughput.

6️⃣Layer 2 Transformation

Currently, Layer 2 transactions cost $0.02 - $0.35. But EIP-4844 could bring costs down to mere fractions of a cent, revolutionizing Layer 2 applications.

7️⃣TON Positioning

I think you already understand what I’m getting at, the competitive advantages of TON are low commissions and the ability to process millions of transactions per second (TPS), and judging by the investment news, the main focus in Dapp is Gamefi.

8️⃣TON’s move

Thus, EIP-4844 can hit TON hard, it will have no advantages over the current market leader Ethereum and L2 solutions around it.

I hope that the creators on TON will find new solutions, since simply copying solutions/Dapps from other networks may simply not be enough after EIP-4844.

Jettons Ranking

In the last article it was supposed to enter the address of the master contract, but in general how are Tokens available in the TON network and how can they be compared?

It is convenient to compare large companies and blockchains by capitalization - the market price reflects the asset well, since it is located in a large and competitive market, which means the laws of supply and demand work well = capitalization reflects the state of affairs.

But for such high-risk assets as Jettons, utility comes to the fore. Since it answers the question - why is this necessary at all? What does this number in the jetton wallet give? What are the use cases?

The first approach to assessing the utility of Jettons may be the presence of transactions with it, everything is simple - if the token is used in an exchange, there is a demand for it.

But where there is demand, there is also supply, so it is also important to take into account the distribution of the Jetton supply among wallets - so that two wallets do not create a million transactions between themselves, increasing the volumes.

To start your own research, we have put together a dashboard:

https://tonlearn.tools/#/jetton-dash

It includes Jettons that are recognized by the Tonkeeper wallet and have a sufficient number of transactions to be considered. Transactions are divided into periods:

▶️ in 30 days
▶️ in 7 days
▶️ and for the current day

Click on the lines with Jetton and you will see the distribution of the token among the top 20 wallet owners.

Of course, this is only the first step, it is important, for example, to look for wallets that generate transactions in dex pools, relationships, etc., but the main thing here is to start...

TON DEX PnL Calculator

This week, I wanted to publish an article about Onchain Token Audit with tutorials, but while dton.io is moving to new servers, let's talk about PnL.

What is it and why is it needed?
DEX PnL calculator allows you to see how much profit or loss wallet received when trading certain tokens.

This allows:
- understand which tokens are more profitable to trade
- look at other people’s trading strategies
- evaluate real results, not advertising about 100x

What is the problem with the calculation?

Tokens are bought and sold at different times, with different TON prices, the price of TON is also not stable. Also, not all tokens can be sold, how to count them then.

I put together such a DEX PNL calculator for TON, transactional calculation based on realized PnL for StoneFi (what this means is described below)

LINK: https://tonlearn.tools/

Now let's look at what this means:

Realized/Unrealized PnL

Realized PnL

profits from an investment you've made

Realized PnL = Entry price - Exit price

Unrealized PnL

potential profit you can make from held investments

Unrealized PnL = Entry price - Current price

Okay, what date should I take the price for?

First-in, first-out

The purchase price is taken at the time of the first purchase, and the sale price at the time of sale, for example:

Suppose Alice first bought 1 TON at $1,100 and a few days later bought 1 TON at $800. A year later, he sold 1 TON at $1,200.

Alice's initial cost = (1 TON x $1,100) = $1,100
Current market value = (1 TON x $1,200) = $1,200

FiFO PnL = $1,200 - $1,100 = $100 (profit)

Last-in, first-out

The LIFO method requires the seller to use the most recent purchase price of an asset in the calculation. Using the same example as above:

Alice’s initial cost = (1 TON x $800) = $800
Current market value = (1 TON x $1,200) = $1,200

PnL = $1,200 - $800 = $400 (profit)

Weighted average cost method

Means to calculate the weighted price for each purchase. For our example:

Weighted average cost = ((1 TON x $800) + (1 TON x $1100)) / 2 TON = $950
Current market value = (1 TON x $1200) = $1,200

PnL = $1,200 - $950 = $250 (profit)

Transaction-based

A transaction-based calculation requires a person to calculate the PnL for each specific transaction.

Realized PnL = - $1,100 - $800 + $1,200 = -700$

P.S This is still an MVP, but I will be glad if you try it, especially if you have transactions through Stonefi and you can check the service in your wallet. I will add other Exchanges as soon as i have time.