Viewpoint by: Tracy Jin, primary running officer of MEXC
While Ethereum stays the core facilities for DeFi and wise agreement development, it still hasn’t fixed its most considerable guarantee: mass adoption. After almost a years of advancement, Ethereum-based apps are still too intricate, fragmented and pricey for the typical user.
The Open Network (LOAD) is banking on an entirely various future, which’s currently unfolding inside Telegram.
With over 900 million users worldwide, Telegram is the biggest active social layer in crypto, and lot is the only blockchain natively ingrained into it. This isn’t almost developing decentralized applications; it has to do with making Web3 vanish into the UX in the very best possible method.
From idea to cultural layer
Developed in 2018 to incorporate blockchain innovation into Telegram’s messaging platform, lot took some time to develop a grip as its facilities and community were developed out. By 2024, the community had actually experienced a parabolic adoption curve, helped by Tether’s choice in Might to introduce USDt (USDT) on the chain.
This year, lot has actually strengthened its position as a crucial cog in the omnichain landscape. A significant wallet upgrade in March helped it, including trading and lot staking for over 100 million Telegram Wallet users. In the last 2 years, lot has actually likewise presented important facilities in lot DNS, Load Storage and lot Proxy, supporting decentralized domains, storage and personal privacy services.
Today, The Open Network has actually easily satisfied its guarantee of leveraging Telegram’s large user base to onboard millions to Web3 in a way that feels more similar to Web2. More than 150 million accounts have actually been developed on lot, whose network records approximately 2 million everyday deals. The variety of active regular monthly wallets likewise stands at around the 2-million mark. These are strong criteria, however they do not make lot the most popular blockchain community. Not yet.
What lot does in a different way
lot is not offering an environment. It’s offering users tools they currently understand how to utilize, with crypto running under the hood. Telegram Wallet, now offered to countless users worldwide, turns tokens from speculative instruments into functional systems inside chats, channels, video games and P2P experiences.
What do we understand about the future of crypto onboarding and daily use? It’s going to get uncomplicated, and the majority of the existing friction points, from gas costs to personal essential storage, will be abstracted away. It does not need a crystal ball to obtain this. The history of the web informs you that Web3 will follow Web2’s arc: much better UX, less intricacy and deep combination and aggregation of services and products into a single user interface.
What else do we understand about the next wave of retail-focused blockchain adoption? It will be driven by chains that abstract intricacy– no complicated onboarding– and quickly, low-cost and deeply incorporated into existing Web2 platforms. These are qualities that first-generation wise agreement chains such as Ethereum, which is involved in a multi-year scaling obstacle, can’t provide. And neither can so-called next-gen chains that are extremely scalable however do not have a Web2 circulation channel. Just lot, with its native combination into Telegram’s billion-strong messenger, ticks all these boxes.
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This brings us back to Mini Apps, the essential to mainstreaming lot. If there’s one benefit the blockchain has more than its competitors, it’s native combination with Telegram’s 900-million user base. Mini Apps, such as Notcoin, Hamster Kombat and Catizen, are onboarding countless users, a lot of whom do not even understand they have actually begun utilizing blockchain facilities. These are real-world tension tests of what scalable, low-friction Web3 can appear like.
While Ethereum has actually discussed onboarding the following billion users because 2018, lot is silently doing it– one meme, one microtransaction, one tap at a time. By contrast, Ethereum apps like Uniswap or Aave need internet browser extensions, seed expressions and an understanding of gas mechanics– barriers still overwhelming for the typical mainstream user. Even Solana and BNB Chain, regardless of faster networks and bigger overall worth locked, count on external wallets and Web3 onboarding streams. Load bypasses these frictions completely.
A brand-new behavioral standard
lot’s increase accompanies a more comprehensive shift in the crypto market. International rely on standard platforms is deteriorating, and attention is moving to communities that use self-custody, interoperability and fluid UX. While L2s and rollups complete to scale Ethereum, lot is developing where a lot of layer ones can’t reach– inside a native, daily user interface.
The more comprehensive crypto neighborhood is likewise experiencing tiredness from over-engineered UX, speculative volatility and fractured onboarding experiences. LOAD, by contrast, trips the wave of the Mini App boom– a format promoted in Asia through platforms like WeChat– now ending up being a worldwide behavioral standard. Load’s capability to embed crypto into daily practices offers it a special benefit in this mobile-first truth.
Furthermore, lot has actually currently shown durable. Throughout Pavel Durov’s arrest in 2024, the platform continued to run individually– an indication of its growing decentralization. Telegram has actually likewise started getting ready for worst-case circumstances, making sure the facilities isn’t reliant on a single entity.
lot might specify the next age of blockchain
Where does this momentum lead? Based upon existing adoption rates, lot might reach over 2.6 million everyday active users in 2026 and exceed 10 million by 2027. Simply 2 years back, that number was under 40,000. By contrast, Ethereum has actually stayed steady at around 420,000 daily active accounts, while Solana’s current surge to over 5 million has actually been sustained by high-volume airdrops and memecoin activity.
lot is not likely to be the biggest chain in raw numbers next year. However its development is developed in a different way. While Solana’s spike is driven by speculation and rewards, lot’s is based upon ingrained practices, such as tipping, video gaming and payments, duplicated countless times within a familiar user interface.
No other app is as crypto-friendly or crypto-native as Telegram. Not just is it the world’s preferred blockchain-enabled app, however it’s the world’s fourth-most popular messenger app. And the blockchain powering its Mini Apps is Load. No other blockchain has access to this kind of circulation network, which is why, when it concerns outlining the future of blockchain adoption, all roadways cause lot.
If its started growth into the United States market acquires traction, lot might include countless users presently embedded in platforms like WhatsApp and Facebook. The American market stays among the most competitive and extremely managed crypto environments, however lot’s smooth UX, mobile-first style and deep Telegram combination use it a special benefit. Placing itself as a platform for developers, micro-transactions and native money making, lot might open a market traditionally controlled by Ethereum and ignored by lots of other chains.
By 2027, Ethereum might still lead DeFi. Solana might control onchain liquidity and trading. However if lot continues its existing course, it will own something else completely: the daily layer of the web. A blockchain individuals utilize without thinking of it– due to the fact that it’s currently there, inside the apps that they never ever close.
Viewpoint by: Tracy Jin, primary running officer of MEXC.
This short article is for basic info functions and is not planned to be and need to not be taken as legal or financial investment recommendations. The views, ideas, and viewpoints revealed here are the author’s alone and do not always show or represent the views and viewpoints of Cointelegraph.