TON Pool TVL Surges 10.7M, Chorus One Addresses Security Vulnerabilities

Toncoin's latest price was $3.00, up 1.296% in the last 24 hours. Chorus One, a well-established player in institutional-grade staking for over 60 Proof-of-Stake (PoS) blockchain networks, has announced significant growth in its TON Pool. Launched in the fourth quarter of 2024, the TON Pool has accumulated more than 10.7 million Toncoin units in total value locked (TVL).

The Chorus One team has made security a top priority to ensure a seamless experience for customers, particularly institutions staking TON coins for their users. The blockchain technology is still in its early stages, with on-chain analysis indicating the presence of malicious actors globally. Chorus One collaborated with Spearbit, a leading web3 security firm, to audit the TON Pool. The Spearbit team conducted a thorough analysis of the TON Pool smart contracts to ensure risk-free institutional staking for Chorus One customers. The audit identified two critical vulnerabilities: a pool locking error that could lead to inconsistent contract states and a pool draining error that could be exploited by attackers, putting users' funds at risk.

Both vulnerabilities have been addressed in the Chorus One’s TON Pool. However, these issues have not been mitigated in the original Ton Whales contract, and users staking with Ton Whales should be aware that their stakes may be lost if either of these risks occurs. Following the successful audit, Chorus One launched the TON Pool Dapp to further simplify the staking process. The Dapp eliminates staking barriers by allowing users to stake a minimum of 10 TON. Users can connect their wallet with the TON Pool Dapp through TONConnect and earn up to 5 percent APY with access to automated delegation.

The evolution of Web3 neobanks is shifting from standalone applications to seamless integration within existing platforms, revolutionizing user engagement in crypto finance. Telegram and The Open Network (TON) exemplify this trend by embedding financial services directly into their ecosystems, leveraging massive user bases to overcome traditional crypto adoption barriers. According to Vlad Kamyshov, CEO of Evaa Protocol, the race to build the next Web3 neobank may already be over, not because one app won, but because one platform rewrote the rules. Telegram and TON have capitalized on this by integrating crypto banking features directly into their ecosystems, eliminating the need for users to adopt new interfaces or manage multiple wallets. This strategy not only simplifies user experience but also leverages Telegram’s vast audience of over 1 billion users and TON’s 100 million wallets, addressing the critical challenge of distribution that has long hindered crypto adoption.

One of the most significant barriers to mainstream crypto adoption has been the complexity of decentralized finance (DeFi) interfaces. TON’s approach prioritizes user experience (UX) over technical features like APY optimization. By embedding functionalities such as tap-to-yield within Telegram, users can effortlessly deposit stablecoins like USDe and earn yield without navigating external wallets or complex dashboards. This frictionless experience marks a pivotal shift from technical innovation to behavioral adoption, making crypto finance accessible to a broader audience.

Beyond user experience, TON is constructing a comprehensive financial ecosystem that operates invisibly within existing platforms. The integration of Ethena and Tether Gold provides users with onchain access to tokenized assets, including gold stored in Swiss vaults, while tgBTC enables native Bitcoin transactions within Telegram. This infrastructure forms a financial super-app blueprint that dissolves traditional barriers between users and digital assets, fostering seamless interaction without the need for separate applications or wallets. While many blockchain projects compete on metrics such as throughput and fees, Telegram has secured a critical advantage by owning the interface layer. Through Telegram Mini Apps, bots, and built-in wallets, financial services become an integral part of everyday communication rather than isolated tools requiring separate logins. This integration exemplifies what true mainstream adoption entails: minimal friction, intuitive flows, and finance that feels as natural as messaging. TON’s strategy effectively activates a user base that traditional crypto platforms struggle to reach.

The early DeFi landscape focused heavily on yield maximization and complex strategies, appealing primarily to technically savvy users. However, the next chapter emphasizes user attention and participation within familiar environments. Telegram’s embedded financial services allow users to engage with DeFi effortlessly, without the steep learning curve. This shift challenges projects reliant on standalone apps and heavy UX investments, suggesting that future growth will favor platforms that integrate financial tools directly into users’ habitual digital spaces. Looking ahead, TON’s roadmap includes the integration of AI agents to serve as personal financial assistants, simplifying transactions and decision-making. Bitcoin’s role within Telegram is set to expand beyond a store of value to encompass lending, payments, and more, while new DeFi savings products aim to combine blockchain utility with the simplicity expected from modern neobanks. This evolution underscores a fundamental industry shift: success in Web3 finance will come from embedding services within existing platforms rather than competing as standalone entities.

The transformation of Web3 neobanks from isolated apps to embedded financial layers within platforms like Telegram and TON represents a critical evolution in crypto finance. By prioritizing seamless user experience, leveraging massive existing audiences, and building invisible infrastructure, these platforms are setting new standards for mainstream adoption. As Vlad Kamyshov aptly notes, the winners in the Web3 neobank race will be those who embed financial services where users already are, not those who build the best standalone app.