The Open Community (TON), probably the most trending blockchain of 2024, hit a tremendous person exercise milestone, in line with its basis’s president. In 2024, its exercise was bootstrapped by U.S. Greenback Tether (USDT) enlargement and large airdrops.
TON blockchain sees 100x enhance in MAU, Basis President Yun says
Telegram-linked blockchain community TON has completed a significant milestone in person exercise. Within the final 12 months, its web variety of month-to-month energetic customers (MAU) went by way of a 100x enhance. Steve Yun, TON Basis President, shared the statistics at the moment on his X account.
TON: 100x progress in MAU in a 12 months. pic.twitter.com/2Yyikakuq8
— steveyun.ton (@steveyun_ton) October 4, 2024
In accordance with his knowledge, the blockchain is now delivering its companies to over 12.4 million customers throughout the globe. The protocol has secured over $123,000 in charges each day.
In 2024, TON onboarded various purposes that contributed to this exercise milestone. As lined by U.At the moment beforehand, since March, TON helps its personal model of USDT, the most important stablecoin by market cap.
Additionally, its HMSTR and DOGS airdrops in August-September made waves within the crypto neighborhood. Each had been among the many largest cryptocurrency distribution campaigns ever.
TON’s killing function is its capacity to onboard new wallets instantly from Telegram messenger. To create an on-chain handle and begin transacting, customers ought to solely activate the pockets in-app bot without having to put in third-party apps.
TON meme cash decimated amid crypto plunge
Additionally, TON grew to become a hotbed for tap-to-earn apps in Q3, 2024. Hamster Kombat mania launched blockchain to a brand new era of consumers.
In early This fall, 2024, as soon as the mud settled, TON-based meme cash are having robust occasions. In current weeks, all of them misplaced over 20% in capitalization.
For example, DOGS dropped by 25% in seven days, whereas REDO is 14% down.
Toncoin (TON), the core native cryptocurrency of the blockchain, misplaced 11% of its market cap however nonetheless stays the tenth largest cryptocurrency.
