The TON blockchain ecosystem has experienced remarkable growth this year, positioning itself as one of the most active players in the space.
With close to 52 million addresses holding a balance, $TON has emerged as a key contender in the blockchain landscape.
A key driver of this recent surge has been the $DOGS airdrop, which alone has contributed to a notable increase in activity. Today, the $DOGS token boasts over 2.19 million unique addresses with a balance, showcasing its widespread adoption within the TON network.
Amid this growing ecosystem, @thenotcoin remains the top token on the platform, maintaining its dominance within the network. Despite the large number of token holders, it’s essential to recognize that holding a balance doesn’t always equate to network engagement. However, in TON’s case, with around 3 million active addresses, user activity is undeniably substantial.
One of the standout metrics is TON’s 30-day activity ratio, which exceeds 3%. When compared to Ethereum’s modest 0.43%, this highlights TON’s highly engaged user base.
1/ The @ton_blockchain ecosystem has experienced significant growth this year.
Let's take a closer look at how the $TON network is evolving and what’s driving its expansion🧵 pic.twitter.com/iaHNtLEXEX
— IntoTheBlock (@intotheblock) September 6, 2024
In terms of transaction volume, TON continues to account for a staggering 99.5% of all transactions on the network. Nevertheless, as interest in other tokens within the ecosystem grows, a subtle shift in transaction distribution is beginning to take shape.
TON’s ecosystem expansion this year has truly positioned it as a force to be reckoned with in the blockchain world, with a highly engaged and growing community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: stlegat/123RF / Image Effects by Colorcinch
