PocketFi Deep Dive: Cross-chain DeFi Integration via Telegram

PocketFi: The Cross-chain DeFi Engine Reshaping the Telegram Ecosystem

PocketFi, a decentralized finance platform integrated with Telegram, leverages TON-Solana cross-chain bridging and Dutch auction token distribution to create a unique DeFi entry point. On June 20, 2025, its governance token $SWITCH launched on TON ecosystem DEX STON.fi, using a gradual release model to suppress short-term selling pressure. By the full unlock date of September 9, the token had attracted over 80,000 holding addresses and averaged 230,000 daily Telebot interactions, becoming a benchmark case for lightweight Web3 onboarding.

This Token Insights article explores PocketFi’s cross-chain architecture and Dutch auction model in depth, as well as the $SWITCH tokenomics and TON ecosystem outlook.

Technical Architecture: Lightweight Onboarding and Cross-chain Innovation

Telegram Integration Strategy

Users can swap assets, stake, and claim airdrops directly within Telegram without switching apps. Version 2.0 connects to the Solana ecosystem via TON Connect, enabling zero-Gas swaps and smart routing with slippage control (<0.5%). For example, when swapping 100 USDT to SOL, the protocol splits the path to STON.fi (TON) and Orca (Solana), with an AI engine comparing 8 liquidity pools in real time to get the best price.

Dutch Auction Mechanism

9% of tokens are released on the first day of claiming, decreasing by 0.3% daily and fully unlocked in 3 months. This design reduced first-week sell pressure by 62%, but the price dropped from $0.0056 to $0.00094, exposing weak liquidity—STON.fi’s initial pool of $1.2M couldn’t absorb daily sell volumes exceeding $2M.

Tokenomics: Game Theory and Community Governance

$SWITCH’s allocation focuses on long-term ecosystem binding:

• 51% Mining Rewards: Linearly released over three years via Telegram tasks (e.g., inviting friends, cross-chain swaps), with users earning $15–40/month.

• 24% Team Tokens: 86% locked for 3–12 months, with short-term pressure concentrated in the 9% new token pool incentive.

• 25% DAO Governance Fund: Used for protocol upgrade votes, such as adjusting Dutch auction release curves.

A major community concern is the token’s value capture. Despite 124M tokens (86% of circulating supply) being locked, the price still dropped 83%. In response, the $SWITCH Volunteer Fund was launched, burning 120,000 tokens with $87K in donations within two weeks to rebalance supply and demand.

Market Response: CEX Expectations and Cross-chain Momentum

Community sentiment is polarized:

• 47% Negative Feedback: Mainly focused on price drops; one user @CryptoGuru noted their assets shrank from $680 to $64.

• Positive Signal: Cross-chain bridge volume between Solana and TON grew 370% monthly, showing strong demand for lightweight entry points.

CEX listing is a key variable. With over 24,000 discussions on X calling for listings on Bybit/Binance, the team plans to assess stability post-September 9. If successful, TVL (currently $18M) could surge past $50M, benefiting small, high-frequency traders.

Risks and Challenges: Security and Regulatory Pressures

Smart contract vulnerabilities pose risks for Telegram-integrated models. Historically, 63% of Telebots have been attacked, and PocketFi’s private key management has not yet undergone public audits. The asynchronous validation of cross-chain bridges is also a concern—Solana block confirmation delays over 15s could trigger double-spending.

Regulatory Grey Zones:

• The Dutch auction may be classified by the SEC as an unregistered securities offering.

• Cross-border DAO fund distributions face scrutiny under the MiCA Act, requiring clarification of governance boundaries.

Investors can track regulatory developments via the JuCoin Compliance Center for updated MiCA interpretations.

Future Development: From Entry Portal to DeFi Aggregator

PocketFi’s roadmap outlines three main directions:

1. Liquidity Layering (Q4 2025): Launch a whitelist for institutional market makers with 0.1% rebate, enhancing STON.fi depth.

2. DAO Governance Upgrade: Let $SWITCH holders vote on cross-chain fee allocation, with 30% potentially going into buyback funds.

3. RWA Bridge: Pilot tokenized real estate collateralized lending on TON, expanding DeFi use cases.

If this Telegram-entry model proves successful, it may catalyze a new paradigm—“messaging app as wallet.” Users could invoke contracts directly in chats, merging social and finance seamlessly. This shift not only challenges wallets like MetaMask but could reshape how a billion users interact with Web3.