David Zimmerman is a research analyst at K33 Research.
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? I argue that Telegram and a handful of independent developers have made more progress in onboarding the masses to crypto than theCrypto adoption has been hindered by poor UX, limited real-world utility, and terrible distribution.
Recently, it became more than that for on-chain traders. A new generation of Telegram trading bots changed crypto UX forever, and perhaps changed on-chain trading forever. Buying/selling, setting limit orders, scanning new projects, sniping new launches, and copy trading “smart money,” all became simple with a single command.
So that’s it, Telegram and TON have won, right? Not quite. The improvement in UX and distribution is a big leap forward, but we have yet to see a comprehensive range of consumer-facing apps. Mini apps are being developed and there is a major incentive for game devs to build a fun Telegram game that captures the attention of its huge user base. Alas, what exists now is more meme-based than utility-based.
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