在当前的加密市场低迷期间，吨币（吨）通过在Telegram的Web3游戏中利用其效用来维持生计

在当前的加密货币市场下滑期间，Toncoin（ton）一直在漂浮，因为它在Telegram的Web3游戏和分散融资（DEFI）生态系统中的实用性。

output: Toncoin (TON) has stayed afloat during the current crypto market downturn as its utility within Telegram's Web3 gaming and decentralized finance (DeFi) ecosystems.

输出：Toncoin（TON）在当前的加密市场下滑期间一直在漂浮，因为它在Telegram的Web3游戏和分散融资（DEFI）生态系统中的实用性。

It also seems that the network is shifting away from the broken and unsustainable airdrop promises of play-to-earn (P2E) gaming and toward play-to-win models.

看来，该网络正在摆脱损坏和不可持续的空投游戏的承诺（P2E）游戏，并转向游戏对胜利模型。

Web3 Gaming

Web3游戏

According to the TON Ecosystem: March 2025 Report , the network has managed to stay afloat through a turbulent market period thanks to its DeFi and new play-to-win offerings.

根据TON生态系统：2025年3月的报告，由于其Defi和新的Play-to-to-to-to-to-to-toing产品，该网络已在动荡的市场时期内维持生计。

Perhaps acknowledging the limitations of play-to-earn (P2E) and subtly responding to the many criticisms that its Mini apps get for being unsustainable, the report indicates a shift in the other direction.

该报告可能承认游戏对 - 欧文（P2E）的局限性，并巧妙地回应了其迷你应用程序因不可持续而得到的许多批评，该报告表明另一个方向发生了变化。

More specifically, it highlights a shift toward “Play-to-Win” gaming with the integration of Miomi Game, an eSports platform that focuses on tying rewards to a player’s performance and effort, not just their participation.

更具体地说，它突出了Miomi Game的集成，这是一个介绍了Esports平台，重点是将奖励与玩家的表现和努力联系在一起，而不仅仅是他们的参与。

Notably, Miomi soaked up 5% of TON transactions in early March.

值得注意的是，Miomi在3月初吸收了5％的吨交易。

The report follows 2024's much-hyped Web3 gaming push from Telegram mini apps such as Notcoin, Hamster Kombat, and Catizen, which garnered millions of players and distributed billions worth of tokens to hundreds of millions of players through their P2E airdrops.

该报告是在2024年大肆宣传的Web3游戏之后，从Notcoin，Hamster Kombat和Catizen等Telegram Mini应用程序推出，这些应用程序通过其P2E Airdrops赢得了数百万播放器，并通过其P2E Airdrops赢得了数十亿个代币，至数亿美元的播放器。

Telegram's DeFi

电报的defi

The report also notes a few DeFi projects that are making waves on the platform.

该报告还指出了一些在平台上引起浪潮的DEFI项目。

It begins by noting lending protocol Factorial, which increased its total value locked (TVL) from $16 million to a new high of $29 million. This, however, has since retreated to $14.3 million .

它首先注意到借贷协议阶乘，其总价值锁定（TVL）从1600万美元增加到了2900万美元的新高点。但是，此后已退缩至1430万美元。

In addition, decentralized exchange (DEX) TONCO grew its TVL tenfold from $749,000 to $7.9 million in March. It reached $9.91 million on April 1, 2025, and has since shrunk to $7.68 million .

此外，分散的交易所（DEX）TONCO在3月将其TVL十倍从749,000美元增至790万美元。它在2025年4月1日达到了991万美元，此后缩水至768万美元。

The network’s first yield tokenization protocol, F IVA, launched on the TON mainnet in late March and has since garnered $1.28 million in TVL.

该网络的第一个产量令牌协议F IVA于3月下旬在Ton Mainnet上推出，此后已获得128万美元的TVL。