TON blockchain has recently gained significant public attention, reaching a notable milestone in its daily transaction volume.
Data from the on-chain analytics company CryptoQuant shows that the TON blockchain has reached $10 billion in daily transaction volume, fluctuating between $5 billion and $10 billion. This impressive growth highlights the platform’s rising popularity in the crypto space.
To put this into position, Bitcoin’s daily transfer volume is about $50 billion. CryptoQuant noted, “TON has already reached 10 percent of Bitcoin’s capacity.” This shows how quickly TON has grown since it started.
Growth Metrics and Market Position
Beyond transaction volumes, TON’s other on-chain metrics tell an impressive story. The number of token holders has skyrocketed—from 2.9 million to a massive 32 million, That’s over a 1000% increase. This surge in holders boosts TON’s credibility in the crypto community, signaling a widening user base and growing trust.
TON is currently the ninth largest cryptocurrency, with a market cap of over $2.45 billion. Its native token is trading at $7.25, showing strong market interest and investor confidence.
Strategic Integration with Telegram
The TON blockchain owes much of its success to its integration with Telegram, the world’s most popular messaging app. This integration has significantly expanded TON’s market reach, leveraging Telegram’s user base of over 900 million. Telegram’s inclusion of trading bots further boosts this reach, allowing users to interact with the crypto on the TON blockchain through automated trading services.
Telegram’s CEO, Pavel Durov, has expressed aspirant plans for TON, aiming to onboard 500 million users on-chain by 2028. This goal is supported by ongoing efforts to improve user experience and scale the blockchain’s infrastructure, indicating a long-term commitment to growth and development.
Web 3.0 Games and USDT Integration
TON blockchain’s recent surge owes much to its popularity in Web 3.0 clicker games. These games have driven substantial adoption, moving TON forward.
However, a notable recent development is the integration of Tether’s USDT with the TON blockchain. This partnership has made USDT available on TON, enhancing its utility and appeal.
Binance’s Role in USDT Integration
The largest crypto exchange, Binance, has played a vital role in this integration. Binance announced the finalization of USDT’s integration on the TON blockchain, confirmed through multiple tweets from the involved companies. This integration allows for seamless USDT exchange on TON, characterized by fast transaction speeds and lower costs.
Pavel Durov and Tether’s CEO, Paolo Ardoino, had previously announced USDT’s issuance on TON during the TOKEN2049 event in Dubai. Binance’s support includes the creation of unique token deposit addresses for users, streamlining the transaction process. However, Binance has advised users to verify these addresses and TON’s smart contract details to ensure the security of their funds.
TON blockchain: Future Prospects
The integration with Tether and support from Binance are part of broader plans to support multiple blockchains, offering users reliable and safe ways to transact cryptocurrencies. These developments enhance TON’s functionality and open up opportunities for innovative blockchain applications, further solidifying its position as a rapidly growing player in the crypto industry.
The TON blockchain’s recent achievements in transaction volume, user growth, and strategic integrations with major platforms like Telegram and Binance position it as a significant nominee in the cryptocurrency space. With aspirant plans for future expansion, TON’s rise is a testament to its potential and the broader adoption of blockchain technology.
Also Read: Toncoin Reaches $8 ATH. Eyes Set on $10?
