🔝 🐸The NFT/Telegram Gifts Market is in a nutshell!

A new product, Portal, is officially launching in the next hour.

Portal introduces a Points system to boost liquidity and reward sellers. Plus, enjoy a limited-time release with 0% fees.

Things are getting more interesting!

Inspired by @tonundrwrld's Dune Dashboard, I've crafted a version tailored to my needs:

x-axis: Market cap for each @Telegram Gift collection
y-axis: Price % movement over the last 7 days
Circle radius: Max supply for each collection (smaller is better)

Spot the collections that are harder to push or "move the bags." More supply means it's tougher for the whales to sway the floor price.

https://dune.com/Howard_Peng/telegram-gift

🎁 Buy Gifts on Portals now(0% Trading Fee)

在一月中的时候，我买了 Plush Pepe （当时约 450 TON）— 现在价值约 5,000 TON+ 😱

但当时我非常不理解、甚至负面的认为 Telegram Gifts 不会成功。

原因是，标示着限量的情况下、Telegram 持续地发布各种 Collections, 并且是独断、垄断的。

现在看来也许是一件好事，因为掌握资产发行权的情况下，有更好的用户体验、还有资产的“可信度”是最重要的。大家都相信、且知道这些 Gifts 是真实存在、且“被官方认可的”。对比之下，当 meme-coin launchpad 百家争鸣时、其实更难掌握好这些“铸币权”。

可以把这些 Telegram Gifts 当一种 IPs 或者 Binance Launchpad 去看待会更好。

📱 使用 @portals 來買賣這些 Telegram Gifts.

An Interesting Data:
I analyzed transaction data from the Telegram minter address (gift-minter.ton), focusing on unique addresses and total transaction volume. Here are the key findings:

- 90% of the time(days), over half of the transactions involve moving NFTs from TON into Telegram.

- This trend is further supported by daily wallet address activity, though a more robust analysis would require calculating **7-day retention rates** to confirm the hypothesis.

My arguments:
For sure, we should value each transaction by the market value of NFTs since basing it on the number of transactions might be unfair. However, # of Tx is the key metrics for TON Blockchain. People who deposit in the off-chain Marketplace are using TON, and pricing those gifts in TON is beneficial as it increases the demand for toncoin.

The current trend in marketplaces from a user-needs perspective seems unstoppable—no gas fees, no royalties, extracting value from the process. As someone who participated in the NFT craze, I can attest that this phenomenon is unique. Yet, if you look at the Web2 journey in e-commerce or online stores, it is not surprising (e.g., CSGO skins).

My point is, if the entire gifts-related ecosystem moves in this direction and can still drive more people to purchase toncoin, it is undoubtedly positive.

Based on data feedback, I suggest that if you want to buy your first Telegram Gift NFTs, you should check items in off-chain marketplaces. They usually offer better liquidity and may have the content or items you want.

https://dune.com/Howard_Peng/telegram-gifts

🎁 I use Portals to buy Telegram Gifts.

⭐️ The investment logic of the @Telegram Gift market can be either simple or complex, like I mentioned previously, but my point is straightforward.

It acts as an initial module in Telegram related to assets, such as money and capital that can be swapped or exchanged—essentially, the Social Value.

These gifts can represent a portion of the Toncoin market cap or Telegram Stars, meaning they're truly based on the beta of Telegram’s currency system and monetization policy.

🔎 Ultimately, more funds will accumulate, and awareness will grow among users (currently, penetration among Telegram users is low).

———
🎁 I use Portals to buy Telegram Gifts.