Cardano vs Ton Coin - WHY Is No One Talking About THIS?

Summary

The video discusses the recent market cap flip of Cardano and TON Coin in the cryptocurrency space. It highlights the token distribution concerns of TON Coin, where the top 100 wallets hold 93% of its supply, indicating a potential for market manipulation. In contrast, Cardano has a more balanced distribution and a robust ecosystem with over 2800 validators. The video emphasizes the importance of fundamentals and long-term sustainability in the volatile crypto market.

Takeaways

• 🚀 TON (Telegram Open Network) has recently overtaken Cardano in terms of market cap, causing a stir in the cryptocurrency community.
• 📈 Market cap changes do not necessarily indicate the overall health or future success of a project; it's a long-term game.
• 🔎 Token distribution is a critical aspect to consider when evaluating a cryptocurrency project, with more balanced distribution being generally healthier.
• 📊 The top 10 Cardano wallets hold about 9% of the total ADA supply, whereas the top 10 TON wallets hold 61% of the TON supply, raising concerns about centralization.
• 🔍 A significant portion of Ethereum's top holdings can be attributed to a single wallet associated with the Ethereum Beacon Chain (ETH 2.0).
• 🌐 Avalanche has a relatively even token distribution with the top 100 wallets holding about 21% of its supply.
• 🏦 TON's token distribution shows a high concentration of supply in a small number of wallets, which could lead to potential market manipulation.
• 🔑 Validators and wallet holders in a blockchain ecosystem play a crucial role in maintaining network integrity and security.
• 📊 TON's ecosystem is still developing with a lower TVL (Total Value Locked) compared to Cardano's, indicating a less mature DeFi landscape.
• 🌐 Cardano has a significantly larger number of validators compared to TON, suggesting a more decentralized network.
• 🔍 While market cap and token distribution are important, focusing on the fundamentals and long-term sustainability of a project is essential for investors.

Q & A

What recent event is the video discussing in relation to Cardano?

The video discusses the recent event of another blockchain project flipping Cardano in terms of market cap.

Which project recently overtook Cardano in market cap according to the video?

According to the video, TON (Telegram Open Network) is the project that recently overtook Cardano in market cap.

What does the video suggest about the significance of a flippening event?

The video suggests that a flippening event, such as TON overtaking Cardano, is not the end of the world and should be seen as part of the long game in the cryptocurrency space.

How does the video describe the token distribution of TON compared to other projects?

The video describes the token distribution of TON as highly centralized, with the top 100 wallets owning 93% of the circulating supply, which is a red flag and indicates potential future dumps.

What is the video's comparison of token distribution between Cardano and TON?

The video compares the token distribution by highlighting that the top 10 wallets in Cardano hold about 9% of the total ADA supply, whereas the top 10 holders in TON hold 61% of the supply, indicating a more decentralized distribution in Cardano.

What does the video mention about the role of the largest TON wallet?

The video mentions that the largest TON wallet holds a significant portion of the TON supply and suggests that it might be related to a centralized exchange or other entities like the TON Foundation.

How does the video address the number of validators for TON and Cardano?

The video addresses that TON has 299 validators, which seems to coincide with the top 100 wallets, while Cardano has over 2800 validators, indicating a much larger and more decentralized network for Cardano.

What does the video discuss regarding the ecosystems of TON and Cardano?

The video discusses that TON's ecosystem is young with a lower total value locked (TVL) and mainly consists of DEX platforms and some privacy platforms. In contrast, Cardano has a more diverse ecosystem with various DeFi platforms, stablecoins, and other financial services.

What advice does the video give to the community regarding their reaction to the flippening?

The video advises the community to focus on the fundamentals and not to worry too much about the flippening, as the cryptocurrency space is not always about fundamentals but also about where liquidity goes.

What does the video suggest about the future of Cardano despite the flippening?

The video suggests that Cardano is not going to be knocked out of the top 10 forever, and it encourages a long-term mindset focused on sustainability and product development rather than just price appreciation.

What information was the video unable to find about TON?

The video was unable to find specific information about the ICO allocation or token distribution when the TON network launched for comparison with Cardano.

Outlines

00:00

🚀 Cardano's Recent Market Cap Overtake by TON Coin

The video begins by addressing the recent flippening event where TON coin overtook Cardano in terms of market capitalization within the blockchain and cryptocurrency space. The host aims to highlight this change and share some interesting findings related to it. The discussion includes a look at CoinMarketCap data, emphasizing that the flippening is not an end-of-the-world scenario and that many projects above Cardano in market cap do not necessarily outperform the Ada community. The host also mentions that this is a long-term game and that fundamentals often do not align with market sentiment, as seen with other cryptocurrencies like Dogecoin.

05:01

📊 Token Distribution and Market Cap Concerns

This paragraph delves into the token distribution and market cap concerns, particularly for TON coin. The host presents data from CoinCarp.com, comparing the distribution of tokens among the top 100, 50, 20, and 10 holders in various cryptocurrencies, including Cardano, Ethereum, Avalanche, and Salana. The alarming data shows that TON coin's top 10 holders control 61% of the supply, with the top 100 holders controlling a staggering 93%. This concentration of assets raises red flags about potential market manipulation and future dumps. The host also discusses the tokenomics and allocations of different cryptocurrencies and raises concerns about the lack of transparency regarding the ownership of TON coin wallets.

10:01

🌐 Comparing Ecosystems and Validator Networks

The final paragraph focuses on comparing the ecosystems and validator networks of Cardano and TON coin. The host presents statistics on wallet creations and the distribution of tokens among these wallets, highlighting the disparity between the two platforms. While Cardano has over 4.5 million wallets with a more equitable distribution of tokens, TON coin has 3 million wallets with the majority of tokens held by a small percentage of them. The discussion also includes the number of validators for each platform, with Cardano having significantly more validators than TON coin. The host encourages viewers to focus on fundamentals and long-term sustainability rather than short-term market fluctuations. The video concludes by addressing concerns about TON coin's market position and reiterating that the cryptocurrency market is volatile and subject to rapid changes in sentiment and liquidity.

Keywords

💡Flippening

The term 'Flippening' is derived from the combination of 'flipping' and 'Cardano', referring to a situation where a cryptocurrency surpasses Cardano in terms of market capitalization. In the context of the video, this event has recently occurred with another blockchain project, TON, overtaking Cardano in market cap, sparking a significant discussion within the cryptocurrency community.

💡Market Cap

Market Cap, short for Market Capitalization, is the total value of all the outstanding coins of a cryptocurrency and is calculated by multiplying the current price of the cryptocurrency by its circulating supply. It is an important metric used to compare the size and value of different cryptocurrencies. In the video, the host discusses how TON coin's market cap of $23 billion has overtaken Ada (Cardano's cryptocurrency), which has a market cap of $21 billion.

💡Token Distribution

Token Distribution refers to the way in which a cryptocurrency's tokens are allocated among different participants in the network, such as investors, developers, and users. A balanced token distribution is often seen as a sign of a healthy cryptocurrency project, as it indicates a broad and decentralized ownership. The video discusses concerns about the token distribution of TON coin, where a small number of wallets hold the majority of the tokens, raising red flags about centralization and potential market manipulation.

💡Rich List

A 'Rich List' typically refers to a ranking of the wealthiest individuals or entities within a particular context. In the video, it is used to describe the list of the top token holders in a cryptocurrency network, showing the distribution of wealth among the largest wallets. The host uses the rich list to analyze the distribution of tokens in Cardano and TON coin, highlighting the disparity between the two projects.

💡Validator

In the context of blockchain technology, a validator is a node or participant in the network that is responsible for confirming transactions and maintaining the integrity of the blockchain. Validators often have specific roles in the consensus mechanism of a blockchain, ensuring that new blocks are added correctly and in accordance with the network's rules. The video discusses the number of validators for TON and Cardano, comparing their network strength and community involvement.

💡Tokenomics

Tokenomics refers to the economic structure and incentives of a cryptocurrency, including its distribution, supply, and the mechanisms that govern its value within the network. It encompasses the design and features of a token that influence its desirability and utility. In the video, the host compares the tokenomics of Cardano and TON coin, highlighting the differences in their initial coin offerings (ICOs) and the implications for their respective communities.

💡Ethereum Beacon Chain

The Ethereum Beacon Chain, also known as Eth 2.0, is an upgrade to the Ethereum blockchain that aims to improve its scalability, security, and sustainability through the introduction of Proof of Stake (PoS) as a consensus mechanism, replacing the existing Proof of Work (PoW) system. The video script mentions a specific wallet that holds a large percentage of the Ethereum supply, which is related to the Ethereum Beacon Chain and its associated staking contract.

💡Liquid Staking

Liquid Staking is a mechanism that allows cryptocurrency holders to stake their tokens and earn rewards while still maintaining the liquidity of their assets. In the context of the video, it is mentioned as a feature of the TON blockchain, where stakers can participate in the network's consensus mechanism without losing the ability to trade or move their staked tokens.

💡DeFi

DeFi, or Decentralized Finance, is a financial system built on blockchain technology that aims to provide services traditionally offered by banks and financial institutions, but in a decentralized manner without the need for intermediaries. DeFi platforms often include services like lending, borrowing, and trading, and are characterized by their use of smart contracts. The video discusses the state of the DeFi ecosystem on TON and compares it to that of Cardano, highlighting the differences in total value locked (TVL) and the variety of financial services offered.

💡Total Value Locked (TVL)

Total Value Locked (TVL) is a metric used in the DeFi space to measure the total amount of cryptocurrency locked in smart contracts on DeFi platforms. It indicates the amount of funds that users have committed to various DeFi protocols, such as lending, staking, or liquidity provision. A higher TVL generally suggests a more active and trusted DeFi ecosystem. The video script discusses the TVL of TON and Cardano, comparing their DeFi offerings and user engagement.

💡Community

In the context of the video, 'community' refers to the collective group of users, developers, and supporters who are engaged with and contribute to the growth and success of a cryptocurrency project. A strong community is often seen as a key factor in the long-term viability and success of a blockchain project, as it can drive innovation, adoption, and network effects. The host emphasizes the importance of the community in the discussion of the 'flippening' and the comparison between Cardano and TON coin.

Highlights

Cardano was recently flipped in market cap by another blockchain project.

The project that flipped Cardano is TON Coin, with a market cap of $23 billion surpassing Cardano's $21 billion.

The token flipping event has caused a significant frenzy within the community.

The distribution of tokens in Cardano shows the top 10 holders own about 9% of the total ADA supply.

In comparison, TON Coin's top 10 holders possess a staggering 61% of the supply, with the top 100 holders owning 93%.

The token distribution in TON Coin raises concerns about centralization and potential market manipulation.

Ethereum's top 10 holders hold about 45% of the total supply, which is skewed due to one wallet related to the Ethereum Beacon chain.

Avalanche has a more balanced token distribution with the top 10 holders at 1%, top 20 at 2%, and top 50 at 4%.

The majority of TON Coin's ICO went towards a public sale, suggesting a wider distribution among the community.

TON Coin's ecosystem is still young with a lower TVL compared to Cardano's, which hosts a variety of DeFi platforms and stablecoins.

Cardano has over 2800 validators, almost ten times the amount of TON Coin's 299 validators.

The recent flippening event is not necessarily indicative of the long-term success or sustainability of a project.

It's important to focus on the fundamentals and long-term potential of a project rather than short-term market cap fluctuations.

The video encourages viewers to research and understand the tokenomics and allocations of projects they are interested in.

The presenter expresses confidence in Cardano's ability to maintain its position in the top 10 cryptocurrencies despite temporary setbacks.

The video concludes by emphasizing the importance of a long-term mindset in the cryptocurrency market.

Transcripts

cardano was recently flipped when it

comes to market cap for the entire

blockchain and cryptocurrency space now

as a part of today's video I want to

highlight what chain recently flipped

cardano and I also found something

extremely interesting that might

actually pique your interest so as a

part of today's video I want to break

all of this

[Music]

down what's up a nation welcome to D

Central your home for everything

blockchain and crypto I'm your host here

for re today we're going to be talking a

little bit about a project that has just

flipped cardano in the sentiment here in

the ecosystem without any further Ado

let's just take a look here at coin

market cap as it stands we have ton coin

which I believe is somehow or in some

shape tied back over into telegram now

flipping cardano so they've got a market

cap of 23 billion recently overtaking

Ada which has a market cap of $21

billion

now this has caused a pretty big frenzy

in the community I want to take a moment

just to state that when tokens flip

cardano and vice versa when cardano

flips other tokens it's not the end of

the world a lot of the projects that are

currently above cardano from a

fundamentals perspective do not outshine

or do not outwork the Ada Community

again I mentioned this in a recent video

this is a long game a lot of projects

for example like even Doge right has

recently overtaken cardano so doge is

above ton coin as well coming in at

number eight now just ask yourself what

sort of utility does Doge provide other

than being uh a chain right known as a

meme again when you take a look at the

fundamentals here in the space a lot of

it doesn't make sense and this recent

flippening with tcoin is just another

one of those cases now I want to go and

just quickly show some interesting data

here so we're going to head over into

coinc carp.com

and what I've done is just taken a look

at the token distribution and again this

raises some concerns for me which you as

the viewer may not be aware of so as it

stands right now we have the rich list

which shows the top 100 holders 50

holders 20 holders and 10 holders in

cardano but then it also highlights how

much of the total Supply right or the

circulating Supply that they currently

hold so if I jump over here as of May

7th so just yesterday the top 10 holders

hold about 8.96 or just about 9% of the

total adaa Supply if we take a look at

the top 20 biggest wallets they own

about 10% the top 50 wallets they own

about 15% and then if we take a look

across the board at the top 100 wallets

in cardano they own about 21% of the

total Supply well you might be asking

how does this compare to for example

ethereum Avalanche salana but then also

even ton coin I think you guys would be

surprised to find out how the hold the

distribution looks like for tcoin in

just a minute now let's take a look here

at salana next so salana very similar

numbers to cardano 6% 10% 16% and then

21% so nothing out of the ordinary there

looking at Avalanche we got 1% 2% 4% and

5% so they're actually showing probably

the best token distribution here you

don't really have a huge amount of the

um available Supply being held by a few

number of wallets let's take a look at

ethereum next and we'll take a look at

ton coin so interesting thing here with

ethereum the top 10 holders hold about

45% top 20 47 top 50 52 and the top 157

now I took a closer and a deeper look to

better understand what could potentially

be going on in ethereum and there's

actually one wallet specifically that

you'll notice here that holds the

majority of the eat Supply which is

about

35% so if I jump over here I took a look

at that particular address and this is

related to The ethereum Beacon chain

also known as eth 2.0 so it states here

this uh wallet is also labeled as the

beacon contract Creator and if you're

not aware people can basically provide

their eth into this contract I believe

an exchange for the V2 version when that

comes out now I'm no eth expert feel

free to correct me if I've mislabeled or

misidentified IFI anything here but I

tried to do my best to identify where

this actual funding was coming from and

the purpose of this particular wallet so

when we take a look at the eth data here

that particular wallet does appear to

skew the numbers again we've got

Avalanche here pretty solid distribution

we've got salana here pretty solid

distribution as well now I'm going to

jump back into cardano just to kind of

reset the stage here again biggest

wallet holding about 3.85 of the 3.85%

of the supply now let's take a a look at

ton coin here and we can see that the

top 10 holders hold 61% of the supply

the top 20 hold 70% the top 50 wallets

hold 85% and the top 100 wallets own

93% of the circulating supply of the ton

coin this is a huge red flag to me

personally this tells me that a very

very small group right or very small min

minority holds the majority of the asset

so there could be some potential you

know dumps in the near future if these

100 wallets who hold the majority want

to sell at a higher price maybe when

there's fomo right maybe when bitcoin's

broken over 100k and people are looking

to come in and basically put their money

into the highest traded assets with

tcoin being at number nine you could

imagine that a lot of people will see

that asset and want to buy the coin so

this is alarm ing for me personally to

see um very poor distribution I

highlighted in a prior video the

tokenomics in the allocations right that

we've seen for cardano salana Avalanche

Etc and the majority of the tokens for

cardano's Ico went towards a public sale

meaning that it was spread out amongst

more General Community now with tcoin

that seems to be the exact opposite

again with the top 100 holders making up

93% of the current circulating Supply so

again I took a closer look here at some

of these addresses and I even jumped

over to the ton Explorer here which

breaks down the top 1,000 account so

these numbers do match what is listed on

the coin carp website and again I'll

leave the links this down below if you

guys want to go a and check them out um

but I couldn't actually find any sort of

specific information surrounding who

owns the wallets aside from some of

these more human readable names so we

have an elector contract and I think

there might actually be

a centralized exchange down here which

holds quite a bit of the ton token we've

got the foundation holding quite a bit

here as well we' also got a bridge here

holding some of the ton coin as well so

um really really alarming um I'm not

sure what this main address is used for

but it's really interesting to see just

the token distribution with that chain

so in closing I want to quickly touch on

some of the recent stats about the

wallet creation there as well and if we

take a look right now they have about 3

million onchain activated wallets so

you've got over 3 million wallets but a

100 of them basically hold 93% of the

supply this tells me that the remainder

of the wallets right millions of wallets

either have little to no ton actually

held within them again if we had a much

fair distribution you could expect that

the majority of the wallets would have

at least a decent amount it may not be a

whales worth amount but at least have a

little bit there right so imagine 7% of

the circulating Supply being split up

amongst 3 million wallets in cardano's

case we have um let's see here about 80%

of the supply so I'm going to jump back

over here so we have the top 100 wallets

holding about 20% meaning that the

remaining wallets are in charge of about

80% and right now we have over 4.5

million wallets in cardano meaning that

that 80% is split up amongst that 40 5

or excuse me that 4.5 million wallets as

opposed to ton coin where they have 7%

right not 80% but 7% split up amongst

almost 3 million wallets so you do the

math there now while I'm also taking a

look at the ton stats I ran across the

number validators here right so you can

see on the left- hand side there we have

a total of

299 validators which it's basically

their job right to keep the network up

and running in and these appear to have

coincided with some of those top 100

wallets so it looks like the validators

right which may or may not be community

members basically hold the majority of

the ton token and just for comparison

sake let me actually jump over to pool

tool here and we'll take a look at all

the validators currently right now for

cardano so as you guys can see there

we've got over 2800 validators which

have at least one love lace staked to

them so cardano with almost 10 times the

amount of validators compared to tcoin

again just something else to quickly

point out for the viewers the last thing

I want to touch on is just their

ecosystems so you can head over to defi

Lama take a closer look here we have ton

stakers which is liquid staking so this

is actually not being counted for their

tvl which is why it's great out here but

their biggest tvl or their biggest dap

by tvl I should say when it comes to

their platform is a DEX we've got number

two another Dex number three another

deck and then after that we've got a

privacy platform and then some very

small derivatives lending and borrowing

with less than a million dollars worth

of tvl now I don't see any mentions of

stable coins here and if I jump over

just for comparison say to take a look

at cardano right there's no mention of

staking because of course they're

counting cardano staking a little bit

differently but short of that we have

Indigo with nearly $100 million worth of

tvl followed by Min swap a de followed

by lq lending and borrowing a starter

another Dex Len fight lending and

borrowing another Dex stable coin and

then Dex Dex Dex lending lending lending

and rwa so the ecosystems um are still

both very young definitely a lot less in

terms of tvl currently on ton um

compared to cardano and again I just

encourage the community to just go back

to the fundamentals right um I see a lot

of people you know worried about the

fact that t Co has taken over cardano

I've personally got no worries um it

just is really surprising how this space

works it's not always about fundamentals

it's just about where the liquidity goes

and a lot of times you may have good

actors that attract liquidity but you

could also have Bad actors that attract

liquidity again my job is not to judge

but to present you guys with the facts

and let you guys take a look as look at

it as you wish now one thing I was not

able to track down when it comes to ton

was the actual Ico allocation or the

token distribution when the actual

Network launched and to compare that to

cardano if you watching this video do

have that information I'd be more than

happy to take a look make sure to go and

leave a comment down below so um rest

assured I don't think cardano is going

to be knocked out of the top 10 forever

um if maybe for example Avalanche passes

us up just wait till the bare Market

where a lot of these projects don't end

up bouncing back right it's not to say

that Avalanche won't bounce back or that

ton won't bounce back but you have to

have this long-term mindset that it's

not about the price appreciation solely

in the bull market right because there's

going to be liquidity flowing in and out

of all these different ecosystems but

it's to make sure you can provide a

product that can be sustainable and that

can hold you until the next Market comes

along right because those bears are

brutal and that's typically when we

begin to see a lot of the people move

out of the space including layer ones

and and actual projects built on top of

those l1s so that'll do it here for

today's video breaking down the recent

flippening and addressing some of the

concerns when it comes to token distri

contribution between cardano and ton I

hope you guys found this to be helpful

if you did I would appreciate you if you

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the next

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