TON: A Promising Contender with Challenges

TON：充滿挑戰的有前途的競爭者

Sentiment in the market suggests that TON (The Open Network) has the potential to rival Solana (SOL) or Ethereum (ETH). This is largely attributed to its association with Telegram. However, it faces several significant challenges that temper this optimism.

市場情緒顯示 TON（開放網路）有潛力與 Solana (SOL) 或以太坊 (ETH) 競爭。這很大程度上歸功於它與 Telegram 的關聯。然而，它面臨著一些重大挑戰，削弱了這種樂觀情緒。

Overestimation of Telegram's Impact

高估了 Telegram 的影響

Despite Telegram's impressive global reach and monthly active users (MAUs), a report indicates that the market may be overestimating its ability to distribute TON. Technical limitations, such as TON's programming language limitations, and its fully diluted valuation (FDV) pose challenges.

儘管 Telegram 的全球影響力和每月活躍用戶 (MAU) 令人印象深刻，但一份報告表明，市場可能高估了其分發 TON 的能力。技術限制，例如 TON 的程式語言限制及其完全攤薄估值 (FDV) 帶來了挑戰。

Toncoin's Surge

Toncoin 的飆升

Toncoin (TON) has experienced a remarkable surge of 226% year-to-date (YTD), continuing an upward trend with an 18% gain in the last 30 days. Trading at $7.55, it remains 16% below its all-time high. With a market capitalization of $18.6 billion, TON ranks as the 8th largest cryptocurrency.

Toncoin (TON) 今年迄今 (YTD) 經歷了 226% 的顯著飆升，繼續保持上升趨勢，在過去 30 天內上漲了 18%。交易價格為 7.55 美元，仍比歷史高點低 16%。 TON 的市值為 186 億美元，是第八大加密貨幣。

Telegram's User Base: Strengths and Concerns

Telegram 的用戶群：優勢與擔憂

Telegram's extensive user base is a significant asset for TON. However, daily active users (DAUs) paint a different picture. Estimates range from 55 to 200 million, suggesting a lower engagement rate compared to MAUs. This disparity raises questions about the monetization potential of Telegram's user base and its impact on TON's growth.

Telegram 廣泛的用戶群是 TON 的重要資產。然而，每日活躍用戶 (DAU) 卻描繪出不同的景象。估計範圍為 55 至 2 億，這表明與每月活躍用戶相比，參與率較低。這種差異引發了人們對 Telegram 用戶群的貨幣化潛力及其對 TON 成長影響的質疑。

Technical Hurdles

技術障礙

Another obstacle is TON's native programming language, FunC. Unlike the more familiar and widely used Ethers Solidity or Solana's Rust, FunC is more akin to C, which is less popular and less developer-friendly.

另一個障礙是 TON 的原生程式語言 FunC。與更熟悉和廣泛使用的 Ethers Solidity 或 Solana 的 Rust 不同，FunC 更類似於 C，但不太流行且對開發人員不太友好。