Top 6 TON-Based Wallets in 2024: A Comprehensive Overview

What Is The Open Network (TON) Blockchain?

The Open Network (previously Telegram Open Network; TON) is a Layer-1 blockchain initially built by Telegram. However, Telegram abandoned the project in 2020 due to legal pressure from the US Securities and Exchange Commission (SEC). Despite this, the TON coin evolved into an open-source project, maintained by the TON core team and the TON Foundation.

In a pivotal move, Telegram, with its approximately 950 million monthly users as of July 2024, rejoined the TON network in September 2023. This partnership marked the onset of the most significant Web3 mass adoption initiative ever undertaken.

Relevant Reading: What Is Toncoin (TON)? All You Need To Know

TON Blockchain’s Rise In Popularity

The network has gained fame for its speed, low fees, scalability, and, notably, support for decentralized applications (dApps). Telegram’s endeavor to merge Web2 with Web3 by introducing Mini-Apps has significantly bolstered TON’s popularity. A prime example is Notcoin (NOT), the first project to host a successful airdrop campaign on Telegram.

Key Metrics:

• User Base: Over 50 million active users
• Fee Stability: Fees have remained stable, even with increased activity
• Wallet Addresses: Over 11 million on-chain-activated wallets

These statistics indicate exponential growth, with the number of daily active wallets continually rising.

Top 6 TON-Based Wallets in 2024

With TON’s on-chain metrics on the rise, here are the top six wallets that users can employ to navigate the TON ecosystem:

Wallet By Telegram

This wallet is designed for cryptocurrency transactions directly through Telegram. It allows users to buy, sell, exchange cryptocurrencies, and send TON without fees among Telegram users. Additionally, it supports all legitimate dApps on the TON blockchain and offers a P2P feature for buying and selling jettons with over 290 payment methods.

How to Set Up:

1. Visit the official website.
2. Click “Open Wallet” to launch the Telegram bot for wallet setup.

Tonkeeper

Tonkeeper is a widely-used non-custodial wallet in the TON ecosystem. It supports receiving TON and TON-based tokens (jettons), paying for goods and services, and swapping jettons within the wallet.

Key Features:

• Non-Custodial: Users maintain sole access to their wallets.
• New Standards: Recently introduced W5 wallet standard for gasless and concurrent transactions.

MyTonWallet

MyTonWallet markets itself as an independent, security-oriented wallet. Available as a browser extension, mobile app, and desktop application, it offers a feature-rich and secure environment for managing TON assets.

Highlights:

• Self-Custodial: Exclusively accessible to users.
• Multiple Support: Compatible with various jettons, NFTs, and soon, other blockchains.

OpenMask

OpenMask is a browser extension that acts as a non-custodial wallet and gateway to TON dApps. It integrates seamlessly with hardware wallets like Ledger and supports multi-address creation and management of jettons and NFTs.

Partnerships:

• StealthEX: Decentralized exchange
• ChangeHero: Telegram-based crypto exchange

Tonhub

Tonhub is designed for ease of use, making it accessible for both beginners and experienced users. It ensures compatibility with all existing TON wallets and offers a user-friendly interface.

DeWallet

DeWallet allows users to interact with TON-enabled apps within their browser. It supports network features like jettons, NFTs, and TON DNS and offers a secure interface for transaction review and approval.

Security Feature:

• Requires permission to read/write any webpage due to its extended functionalities.

Final Thoughts

The TON ecosystem continues to expand, offering users an array of robust wallet options. Each wallet provides unique features to cater to diverse needs within the TON community. Stay updated with new developments, and choose a wallet that aligns with your security, functionality, and ease of use preferences.

FAQs

Q: What is the primary advantage of using Wallet by Telegram?

A: Wallet by Telegram offers seamless transactions directly within the Telegram app, eliminating fees for sending TON among its users and providing support for all legitimate dApps on the TON blockchain.

Q: What makes Tonkeeper stand out among other TON wallets?

A: Tonkeeper is non-custodial, ensuring user security, and has recently introduced a new W5 wallet standard that supports gasless and concurrent transactions.

Q: Are DeWallet transactions secure?

A: Yes, DeWallet provides a secure interface for users to review and approve transactions before they are committed to the blockchain, ensuring an added layer of security.

For further details on these wallets, you can refer to reputable sources like CoinDesk or the official TON community website. Stay vigilant and informed to optimize your experience within the TON network.