Telegram 是加密货币的采用机器

K33 Research 的研究分析师 David Zimmerman 表示，Telegram 正在吸引大众，并开创了公共区块链的新时代。

Telegram is playing a pivotal role in driving crypto adoption on a massive scale, thanks to its integration with The Open Network (TON) blockchain, according to David Zimmerman, a research analyst at K33 Research.

K33 Research 的研究分析师 David Zimmerman 表示，由于 Telegram 与开放网络 (TON) 区块链的集成，Telegram 在推动加密货币大规模采用方面发挥着关键作用。

In his view, Telegram and a handful of independent developers have made more progress in onboarding the masses to crypto than the $100 billion in venture capital that has poured into the space since 2014.

在他看来，Telegram 和少数独立开发商在引导大众进入加密货币方面取得的进展比 2014 年以来涌入该领域的 1000 亿美元风险投资还要多。

“I argue that Telegram and a handful of independent developers have made more progress in onboarding the masses to crypto than the $100 billion in venture capital that has flooded the space since 2014,” Zimmerman wrote in a CoinDesk guest post.

Zimmerman 在 CoinDesk 客座文章中写道：“我认为，Telegram 和少数独立开发者在引导大众进入加密货币方面取得的进展比自 2014 年以来涌入该领域的 1000 亿美元风险投资还要多。”

While crypto enthusiasts have long anticipated a “killer app” that will introduce the rest of the world to digital assets, the analyst suggests that Telegram may already be fulfilling this role.

虽然加密货币爱好者长期以来一直期待一款“杀手级应用”能够向世界其他地区介绍数字资产，但分析师表示 Telegram 可能已经在履行这一角色。

“Listen to any crypto podcast or convention panel, and you will hear crypto natives speak of a killer app yet to come that will onboard the rest of the world. But what if it is already here?” he wrote.

“聆听任何加密货币播客或会议小组，您都会听到加密货币原住民谈论即将出现的杀手级应用程序，该应用程序将出现在世界其他地区。但如果它已经在这里了怎么办？”他写了。

According to Zimmerman, Telegram is tackling three key issues that have hindered crypto adoption: poor user experience (UX), limited real-world utility, and terrible distribution.

Zimmerman 表示，Telegram 正在解决阻碍加密货币采用的三个关键问题：糟糕的用户体验 (UX)、有限的现实实用性和糟糕的分发。

“Through its support for and integration of TON, Telegram is addressing all of these issues and more,” he stated.

“通过对 TON 的支持和集成，Telegram 正在解决所有这些问题以及更多问题，”他表示。

In the early days of crypto, the focus was on niche tech development that primarily served speculators and lacked real-world utility, the analyst noted. However, with the arrival of spot ETFs and firms like BlackRock opening up funds focused on asset tokenization, the time for crypto to evolve has come.

这位分析师指出，在加密货币的早期，重点是主要服务于投机者且缺乏现实世界实用性的利基技术开发。然而，随着现货 ETF 的出现以及贝莱德等公司开设专注于资产代币化的基金，加密货币发展的时机已经到来。

“Telegram combined its messaging app boasting 800 million monthly active users, a blockchain providing rails for crypto adoption in TON, and a native wallet bot known simply as Wallet,” Zimmerman wrote.

Zimmerman 写道：“Telegram 结合了其拥有 8 亿月活跃用户的消息应用程序、为 TON 中加密货币采用提供轨道的区块链，以及简称为 Wallet 的原生钱包机器人。”

“Many crypto pitch decks vaguely romanticize the notion of ‘merging Web2 and Web3,’ Telegram is actually doing it.”

“许多加密货币宣传片都模糊地浪漫化了‘融合 Web2 和 Web3’的概念，而 Telegram 实际上正在这样做。”

In his view, stablecoins are crypto’s greatest product to date, and with native USDT on TON since April, the seamless transfer of value P2P became a reality.

在他看来，稳定币是加密货币迄今为止最伟大的产品，自 4 月份以来，随着 TON 上原生 USDT，价值 P2P 的无缝转移成为了现实。

“Users can send crypto to their friends as easily as sending a message on WhatsApp. This is a smoother UX than neobanks like Venmo or Revolut, and lightyears ahead of traditional banks,” the analyst stated.

“用户可以像在 WhatsApp 上发送消息一样轻松地向朋友发送加密货币。这是比 Venmo 或 Revolut 等新银行更流畅的用户体验，比传统银行领先数光年。”分析师表示。

However, the opportunity for onboarding 100s of millions to crypto likely comes through Telegram’s Mini Apps — an open platform for businesses to build and deploy crypto-friendly apps, according to Zimmerman.

然而，Zimmerman 表示，让数百万人使用加密货币的机会可能来自 Telegram 的迷你应用程序，这是一个供企业构建和部署加密友好应用程序的开放平台。

“This will enable crypto teams to distribute their product to non-crypto-natives while the end user will not necessarily know they are using a crypto product — whether that is a fun mobile game or a DeFi protocol,” he wrote.

他写道：“这将使加密货币团队能够将他们的产品分发给非加密货币本地人，而最终用户不一定知道他们正在使用加密产品——无论是有趣的手机游戏还是 DeFi 协议。”

Telegram solidified its place in crypto long ago, the analyst noted. It is a popular platform among crypto natives used to keep in touch or share ideas, and it is usually the first social media channel new crypto projects set up along with their X account.

这位分析师指出，Telegram 很久以前就巩固了其在加密领域的地位。它是加密货币原住民中用于保持联系或分享想法的流行平台，并且通常是与其 X 帐户一起建立的新加密货币项目的第一个社交媒体渠道。

“Recently, it became more than that for on-chain traders,” Zimmerman stated.

“最近，它变得不仅仅是链上交易者的问题，”齐默尔曼说。

A new generation of Telegram trading bots changed crypto UX forever, and perhaps changed on-chain trading forever, he added.

他补充说，新一代 Telegram 交易机器人永远改变了加密货币用户体验，或许也永远改变了链上交易。

“Buying/selling, setting limit orders, scanning new projects, sniping new launches, and copy trading ‘smart money,’ all became simple with a single command,” the analyst wrote.

“买入/卖出、设置限价单、扫描新项目、狙击新产品发布以及复制交易‘智能资金’，只需一个命令就可以变得简单，”分析师写道。

“Having a Telegram bot comprehensively freeing me from the most frustrating UX issues of on-chain trading was a breath of fresh air. It was one of the very rare times a crypto product made me say ‘wow, this is great.’”

“Telegram 机器人将我从链上交易中最令人沮丧的用户体验问题中解放出来，让我呼吸到了新鲜空气。这是非常罕见的一次加密产品让我说‘哇，这太棒了。’”

It did, however, make altcoin trading much more competitive and spurred on what I consider the “proliferation of altcoins,” according to Zimmerman.

然而，齐默尔曼表示，它确实使山寨币交易更具竞争力，并刺激了我所认为的“山寨币的扩散”。

“Does this mean altcoin trading/investing is dead? Far from it,” he wrote.

“这是否意味着山寨币交易/投资已经消亡？远非如此，”他写道。

“The ease with which newcomers can now interact with smart contracts compared with what I had to do starting out is night-and-day. This, combined with distribution and increasingly useful apps means a new wave of capital flowing into crypto over the coming years.”

“与我刚开始时必须做的事情相比，新人现在可以轻松地与智能合约进行交互。这与分发和日益有用的应用程序相结合，意味着未来几年将有新一波资本流入加密货币领域。”

The improvement in UX here cannot be overstated, the analyst added. I say this because I have myself onboarded non-crypto friends through TON's Wallet.

分析师补充说，用户体验的改进无论如何强调都不为过。我这么说是因为我自己通过 TON 钱包结识了非加密货币朋友。

“Prior to Telegram’s current infrastructure, I would let out a small sigh at the prospect of trying to teach a friend how to use crypto. Now, thanks to Telegram, I do not see how it could be easier,” Zimmerman wrote.

“在 Telegram 目前的基础设施出现之前，我会对尝试教朋友如何使用加密货币的前景感到小小的叹息。现在，多亏了 Telegram，我不认为事情会变得更容易。”齐默尔曼写道。

So that’s it, Telegram and TON have won, right? Not quite, he added. The improvement in UX and distribution is a big leap forward, but we have yet to see a comprehensive range of consumer-facing apps.

就这样，Telegram 和 TON 赢了，对吗？不完全是这样，他补充道。用户体验和分发方面的改进是一个巨大的飞跃，但我们尚未看到全面的面向消费者的应用程序。

“Mini apps are being developed and there is a major incentive for game devs to build a fun Telegram game that captures the

“迷你应用程序正在开发中，游戏开发者有很大的动力去构建一款有趣的 Telegram 游戏，以捕捉