A New Telegram Mini App May Propel 1B Mainstream Users To Crypto Adoption

• The X10 exchange is developing a Telegram mini app, enabling users to trade and manage cryptocurrencies directly on the messaging service.
• Considering Telegram has 950M monthly active users, the mini app may bring an influx of mainstream crypto users.
• Toncoin's (Telegram's native cryptocurrency) increase in value highlights Telegram's popularity in the crypto arena and X10's potential success.

Telegram, the third most downloaded messaging app worldwide with 950M monthly active users, may propel 1B people to mainstream crypto adoption.

The X10 exchange is developing a Telegram mini app for first-time crypto investors, strengthening its position in the blockchain trading arena.

Let's explore Telegram's potential as a gateway for widespread crypto adoption.

X10 to Fully Leverage Telegram's App Accessibility

Telegram's mini apps have over 500M users because they represent an innovative way to access applications, including Play-to-Earn ones like Hamster Kombat.

Unlike traditional apps that you have to download from an app store, you can get the mini apps directly from Telegram's user-friendly interface.

X10 aims to take full advantage of the app's popularity and affordable and simple onboarding process. Telegram users will have access to the exchange's advanced trading tools, monitor market trends, and oversee their crypto portfolios directly from their Telegram app.

Key features of X10 (recently launched on mainnet) include:

• High leverage of up to 50x, so users can control double the amount of crypto they invest
• Trades take 40ms, enabling investors to quickly buy and sell cryptocurrencies
• Advanced security methods(Zero Knowledge Proofs) to protect funds
• Instant fiat transactions, making crypto easily accessible for everyday use
• Low trading fees depending on users' 30-day trading volume

The exchange's mini apps will include all X10's available markets, and every trade and order will be processed through the platform's order book.

Telegram's Crypto Coin Has Spiked 411% in 1 Year

A key element of Telegram's crypto strategy is $TON, the native currency of its Layer-1 blockchain, Open Network, which powers the dApps, enabling quick transactions and staking.

$TON has spiked by 9.06% over the past week and 411% since last year, indicating strong interest and confidence in Telegram's crypto applications.

This growth is further supported by the coin's TVL, which is $527.6M and has surged in volume by $63.94M over the past 24 hours.

Our Verdict - A New Era for Crypto Applications

As X10 leverages Telegram's ecosystem, the exchange is poised to simplify crypto trading for novices.

Enabling direct crypto trading through the messaging platform may encourage mainstream users to explore crypto trading and encourage retail adoption.

$TON's surge in value and TVL highlights X10's potential for widespread crypto adoption.

Click to view references

• The Official X10 Exchange Website (X10)
• What Is a Zero-Knowledge Proof? (Chainlink)
• Trading Fees and Rebates (X10)
• Why Perpetuals? (X10)
• Toncoin Price Today (CoinMarketCap)
• TON Total Value Locked (DefiLlama)
• TON: The Open Network for Everyone (TON)

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