TON Achieves Impressive Growth Milestones 🚀
The Open Network (TON) has experienced significant growth and is becoming a popular choice among users within the blockchain space. According to recent reports, TON’s on-chain metrics are on the rise, with its daily transfer volume now accounting for 10% of Bitcoin’s figures, showcasing impressive growth and adoption within the ecosystem.
TON’s Daily Transfer Volume Surpasses Expectations
- Bitcoin’s average daily transfer volume is $50 billion
- TON now sees daily transfer volumes ranging between $5 billion to $10 billion
- TON has achieved approximately 10% of Bitcoin’s capacity despite its relative youth in the space
Furthermore, the number of on-chain holders of Toncoin (TON), the native token of The Open Network, has seen a substantial increase. From 2.9 million holders a year ago, the number has skyrocketed to 32 million, demonstrating a significant surge in interest and adoption of TON.
Increasing Popularity of TON Evident in Various Metrics 📈
- Total value locked (TVL) on TON doubled in three weeks, reaching an all-time high of $605 million
- TVL has further increased to $620 million, indicating growing investor confidence
- The surge in metrics is attributed to different factors contributing to TON’s ecosystem growth
On-chain experts have identified several catalysts for the remarkable growth of TON:
Integration of Toncoin-Based Economy on Telegram 📱
- Telegram’s advertising system pays channel owners 50% of revenues in TON
- This has attracted a wave of new users to the TON chain
The Open League Program Stimulates Growth 💰
- TON introduced The Open League program, offering incentives to users, teams, and traders
- The TON Foundation will distribute 30 million TON (equivalent to $188 million) through airdrops, quests, and liquidity pools on decentralized exchanges within the TON network
Rise of Decentralized Exchanges and Staking Projects 🔄
- Platforms like Ston.fi and Dedust, along with projects like Tonstakers and Bemo, have seen significant growth in TVL
- These initiatives have contributed to the overall development and expansion of the TON ecosystem
Hot Take: TON’s Continued Growth Forecasts a Promising Future 🌟
The sustained growth and adoption of The Open Network suggest a promising outlook for the platform and its native token, Toncoin. As TON continues to attract new users, implement innovative programs, and expand its ecosystem, it positions itself as a key player in the decentralized finance space. With increasing investor confidence and a growing community, TON’s upward trajectory seems set to continue, offering exciting opportunities for users and investors alike within the blockchain industry.
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