Coin Pick Update: EMV-COMPATIBLE TON INTEGRATION LAYER

We have had another look at this EMV-Compatible TON Integration Layer. Unfortunately, real user adoption has not scaled fast enough and as predicted half a year ago. Wallet counts and transaction activity remain modest relative to the Telegram distribution thesis and without sustained retail inflows or organic DeFi usage, there was not enough demand to replace departing campaign capital. Broader small-cap market weakness likely amplified the effect. In risk-off environments, liquidity concentrates in larger, established chains, and experimental ecosystems like this project lose share. We are seeing also that temporary incentives pulled liquidity in but lack of sticky usage and price pressure pushed it back out. We would turn constructive again if TVL rebuilds organically, user growth accelerates via Telegram MiniApps, valuation compresses to peer levels, and token unlocks are absorbed without persistent price weakness. Until then, risk/reward looks skewed to the downside.