As a seasoned crypto investor with a keen interest in emerging blockchain projects, I’ve witnessed my fair share of market fluctuations and trends. The recent surge in daily active addresses for Toncoin, the native token of The Open Network (TON), has piqued my curiosity and optimism.
The native token of the TON (The Open Network) blockchain, Toncoin, has experienced a remarkable increase in usage recently. According to new data from “The Block Pro,” the number of daily active addresses on the network has jumped an astounding 5360% year over year this month. This significant growth has sparked widespread enthusiasm for TON and its community, indicating a growing global interest in the platform. Let me provide you with some key details about the data fueling the positive momentum surrounding this layer 1 blockchain.
Toncoin Daily Active Addresses Spike Leveraging Telegram
Based on the information provided by “The Block Pro,” there was a remarkable year-over-year increase of 5360% in TON‘s daily active addresses as of July 15, amounting to 373,000. This surge signified heightened usage and expansion of the network, fueling a bullish outlook for the Toncoin ecosystem.
Simultaneously, it was found that more than half of the projects operating within the ecosystem utilize bots on Telegram, the popular social media channel. This discovery highlights a significant connection between the two, with Pavel Durov taking the lead role.
In addition, the top drawing genres in the ecosystem are analytics, play-to-earn gaming, and investments, reflecting a wide range of user preferences. According to ‘The Block Pro’s’ analysis, there are over 200 projects spread across eight distinct categories within layer-1 blockchains, adding to the allure for users.
Given the increasing popularity of TON, it’s noteworthy that this layer 1 blockchain recently announced a strategic partnership with Animoca Brands’ Mocaverse and MOCA Foundation. This development in Toncoin’s journey has left crypto enthusiasts worldwide feeling hopeful and excited.
Also Read: Mt Gox Set For Large Bitcoin Repayment Ahead Ethereum ETF Launch
What’s Next?
In the past few days, The Open Network has been actively advancing with numerous projects. Noteworthy launches include Notcoin, Hamster Kombat, and PAWS for BabyDoge’s P2E (Play to Earn) games on the TON blockchain. Telegram’s user-friendly interface has contributed notably to the growing popularity of these initiatives on the TON network.
In addition, the TON price demonstrated a year-over-year increase of 377%. Furthermore, at the present moment, the crypto was priced at $6.97, indicating potential stabilization.
As a researcher observing the data, I’ve noticed an impressive surge in the number of daily active addresses. This development brings a sense of optimism and excitement to the project.
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2024-07-22 18:12