Explore the Rise in TON Transaction Volume Now

Did you know the TON ecosystem’s daily transactions grew 12 times in a year? They jumped from 100,000 to 1.2 million¹. This huge increase shows more people are using and trusting the TON blockchain network.

Also, the total value locked (TVL) within the TON ecosystem soared to $350 million, an 18-fold jump in just six months¹. This growth highlights growing user confidence. Plus, the daily trading volume on decentralized exchanges (DEX) within TON rose from $2 million to $17.2 million by September¹.

Key Takeaways

• TON ecosystem’s daily transaction volume rose sharply from 100,000 to 1.2 million transactions¹.
• TVL in the TON network experienced an 18-fold increase, reaching $350 million in less than six months¹.
• DEX trading volume within TON escalated from $2 million to $17.2 million by September¹.
• The surge in transactions mirrors heightened user engagement and confidence in the TON blockchain¹.
• The TON blockchain’s integration with Telegram has played a crucial role in user adoption and transaction growth.

Overview of TON Blockchain Growth

The TON blockchain has grown a lot, shown by the increase in users and variety of projects. It now has a user base of 900 million, with many from CIS countries like Russia and Ukraine. Places like India, Brazil, and the US are also big contributors². Thanks to TON joining forces with Telegram, more people are using it. This has really helped TON’s network to grow fast.

Now, there are over 1,159 projects on TON. They range from cross-chain bridges to DeFi services and launchpads². This growth highlights TON’s wide range of uses. If you want to know more, check out the TON presale milestones page here.

The number of daily transactions on TON has jumped up a lot too. It went from 100,000 to 1.2 million in just a year². That’s a 12 times increase! For more details, there are reports by Bitget.

The Total Value Locked (TVL) in the TON ecosystem has also seen big growth. It shot up to $350 million, an 18 times increase, in less than half a year². This growth suggests more and more traditional users are getting into cryptocurrencies.

DeFi services and on-chain apps in the TON ecosystem have really taken off. One key player is Bitget Wallet, with 30 million users globally². Bitget Wallet makes up 17% of all active addresses on TON this month².

The future looks bright for TON. Its ongoing growth and larger transaction volumes point to a strong future. TON is becoming a major player in blockchain technology.

Significant Increase in Daily Transactions

The TON blockchain has seen a big jump in daily transactions and user activity. This shows a significant growth within the system.

January to September Data

From January to September, daily active addresses in the TON ecosystem jumped from 26,274 to 902,737. At the same time, daily transactions rose from 232,286 to an incredible 2,823,801¹.

Users and Transactions Surge

The spike in TON user growth is remarkable, with daily transaction volume increasing 12 times. It went from 100,000 to 1.2 million in a year¹.

Also, the TON ecosystem saw daily active addresses rise by 3,435% in 2024. Plus, there was a huge jump in transaction volume with 23.58 million transactions in the last 30 days³.

Key Metrics of TON Network

The TON network’s key metrics highlight its growth and strength, based on Artemis data. It boasts over 47 million on-chain addresses, showing a big jump in users⁴. The network also has about 3 million transactions every day. This shows its vibrant activity⁴. Validators are earning more too, with daily fees near $37,500⁴.

Integrating with IntoTheBlock’s Market Intelligence gives deep insights. It has over 60 ways to look at TON’s volume metrics⁴. The daily active users on the blockchain jumped by 1900% last year. In March, this number hit 371,000⁵. This rise underlines the growing interest in TON’s volume data.

Since April 2023, monthly unique wallet addresses have skyrocketed by 2400%⁵. Over 3.3 million people have used the network. In December, users topped 1 million for the first time, up by 232%⁵.

TON’s token spread has also increased a lot. More than 10.3 million new wallets hold $TON since April 2023, a 468% rise⁵. Additionally, daily trades of $TON crossed $1 billion, a 900% yearly increase. Weekly trades went above $3.4 billion⁵.

Understanding TON’s Trading Volume Spike

The TON ecosystem’s trading volume has soared, thanks to decentralized exchanges (DEX). Since the beginning of the year, DEX trading on TON jumped from $2 million to $40 million⁶. This surge boosts liquidity and raises the TON token’s value. Let’s explore this growth and its impact.

Decentralized Exchanges (DEX) Growth

DEX has become vital to TON, enabling easy trades and helping increase the trading volume. The DEX on TON recorded a 760% growth since the year started⁷. This growth has fueled more trading and attracted more liquidity, making the TON token more valuable.

Year-to-Date Analysis

TON’s trading volume has skyrocketed this year. Daily transactions surged from 100,000 to 1.2 million, a 12-fold increase⁷⁶. Also, the Total Value Locked (TVL) in TON skyrocketed, growing 18 times to $350 million in six months⁶. These figures show how fast the TON ecosystem is growing, highlighted by the DEX’s success.

TOTAL Value Locked in the TON Network

The TON ecosystem has grown a lot this year. Its Total Value Locked (TVL) went up eight times. By September, it hit $741.3 million. This shows that more people trust and invest in the network’s DeFi parts⁸¹

One reason for this growth is that TON works with popular platforms like Telegram. This has brought in more users

The TVL peaked at $723 million on July 3. Now, it’s at $702 million, up 60% in a month⁹. In just six months, TVL went up 18 times to around $350 million. Then, it soared even higher¹.

“The TON TVL growth epitomizes a burgeoning interest in its decentralized finance applications, portraying a significant shift in user behavior and investment,” remarked key industry analysts.

TVL growth also means more daily transactions¹. More transactions show that more people are using TON. Its largest DeFi protocol, DeDust, saw TVL double in a month⁹.

The growth of TON’s TVL shows it has a strong future. But, to keep growing, it needs to solve a few issues. It must boost user activity and watch out for fake increases by bad actors⁸⁹.

User Confidence and Engagement

The TON user confidence is soaring, with the blockchain adding over 1 million new users in just one day. This set a new record in the crypto world for adding users fast¹⁰. This big jump in users is linked to the network’s ongoing focus on being able to handle lots of transactions and coming up with new ideas.

The number of active addresses each day and the quick growth in wallets with money in them, increasing by 110% in six months, also highlight this trust¹¹.

The TON network’s TVL has hit $614 million. This shows more people are trusting and getting interested in TON¹². The network also reports having 0.5 million daily and 3.2 million monthly active users. This reveals TON’s strong foundation and its skill in keeping users engaged TON network engagement¹⁰.

Compared to Ethereum, TON is ahead in the number of people using it every day. This is thanks to the huge number of people using Telegram, which helps TON grow¹¹. The network’s blend of high number of transactions with low fees is attracting more attention. Plus, there’s been a notable 91.14% increase in big transactions over $100,000 recently. This shows a lot of activity and excitement in the network¹².

Impact of Telegram Users on the TON Ecosystem

Linking TON with Telegram has really helped the TON ecosystem grow. This is especially true where a lot of people use Telegram. With about 900 million people using Telegram every month, it makes sense that TON users often come from places where Telegram is popular¹³.

Geographical Insights

In places like Russia, which has around 35 million Telegram users, TON is very active. This large group of users plays a big role in making TON apps more popular¹³. Countries in the CIS, like Russia, Ukraine, and Belarus, are very busy on the TON network. The location of these users helps us understand who is using TON and how much they are into it.

Correlation with Telegram Usage in CIS Regions

In the CIS areas, there’s a clear link between using Telegram and being involved in the TON ecosystem. The way TON and Telegram work together makes it easier for users to get involved and stay active. For example, the TON network has had over 1.02 billion transactions, most of them in the last three months¹⁴.

So, teaming up with Telegram doesn’t just make things better for users. It also helps people in these places get the most out of what TON offers¹⁵.

TON’s On-Chain Gaming Activity

Learning about TON’s on-chain gaming world is quite exciting. The TON gaming community has grown a lot. It has 177,000 daily users playing games¹⁶. This shows how big it has become in blockchain gaming.

The top 10 clicker games on TON have more than 12 million users¹⁶. TON’s gaming activity is really increasing. Notcoin, with its unique “tap-to-earn” feature, attracted over 40 million players. Its value has gone beyond $1 billion¹⁶.

TON also offers games like Hamster Kombat. It has over 200 million registered players. Every day, over 30 million people play it¹⁶. This growth shows how engaging and fun TON’s platform is for players.

Here’s a quick look at some key numbers in TON on-chain gaming:

This info shows the wide range of gaming activities on TON. The huge number of players engaging daily makes TON a strong name in blockchain gaming.

Factors Driving Increase in TON Token’s Price

TON token’s price has greatly gone up because of more trading on DEX and more people using TON in its ecosystem. We see key parts that make the price go up.

DEX Trading Influence

The number of TON token trades jumped from 1 million in September 2023 to over 5 million by July 2024¹⁷. This is due to more trading on DEX platforms. These platforms make it easy for people to trade with each other, which makes more people want the TON token.

Also, DeFi apps using TON’s strong features are important. The money in TON network jumped from $14 million to $386 million¹⁷. This rise in trading on exchanges helps the token’s price go up.

Native Token Adoption

The TON token is being used more across many areas. The number of TON wallets grew from about 150,000 in September 2023 to over 1.2 million by July 2024¹⁷. This shows more people are using TON tokens.

Also, there are over 650 dApps made for TON¹⁷. This shows TON’s value and how it’s used in many Web3 apps. This huge use has made the token’s value go up, making it key in the crypto market.

TON Versus Other Blockchains

When we look at different blockchains, TON has some standout features. It has a multi-chain setup aimed at making transactions fast and scalable.

Unlike Ethereum which gets slower as more people use it, TON can handle many transactions at once. This is because it uses asynchronous messaging, so it can do a lot more at the same time¹⁸.

TON also does things differently with wallets. While Ethereum creates wallets from single addresses, TON uses smart contracts. This gives users more options and ways to set up their wallets¹⁸.

TON is based on the actor model in computing. This setup makes it easier for contracts to talk to each other without waiting. It helps the network run smoothly and deal with problems better¹⁸.

TON is growing fast with 18 million accounts, though TRON has more with 228 million. Yet, TON’s coin, Toncoin, is already the 9th biggest in terms of market value¹⁹.

Ethereum uses simple account balances for transactions. TON, however, uses smart contracts. This key difference lets TON handle transactions in a more advanced and efficient way¹⁸.

Challenges and Opportunities for TON

The TON blockchain shows great promise but faces challenges too. The first issue is the low trading volume in some areas. This slows down transaction growth. Limited lending features in the ecosystem add to the challenges²⁰. Yet, TON also sees several strategic opportunities that could fuel its future growth.

TON can handle millions of transactions every second. This is due to its advanced ledger and sharding²⁰. This setup not only boosts its capacity but also makes it more secure and compatible with other blockchains²⁰. TON adjusts its shardchains based on how busy the network is, managing transactions smartly²⁰.

TON’s ecosystem is diverse, with over 551 wallets and many other features²¹. It has decentralized exchanges, lending platforms, and more. These offer big strategic opportunities, especially in improving DeFi services. By enhancing lending and increasing trading activity, TON could better enter the global crypto scene.

TON has six DEX platforms which are highly valuable, holding between $200-500 million²¹. It also boasts a range of NFTs. These factors place TON in a strong position in finance, gaming, and other areas.

The TON Foundation gives out $1,200,000 in grants to over 100 projects. Each gets about $10,000²¹. These funds drive innovation and increase the use of TON. Features like TON Payments and TON DNS make it easier for people to engage with TON.

Although TON has its hurdles, the opportunities ahead could significantly grow the network. They could also increase TON’s presence in the crypto world. For more insights on TON’s growth and how it could affect its price, read more here²⁰.

Future Projections for TON Transaction Volume

The TON network’s future is looking up, as trends show a steady rise in transactions. Toncoin’s price is now at $5.70 USD, seeing a rise of 4.59% in a day and 14.59% in a week²². The Fear-Greed Index rates Toncoin’s investor mood at 59, showing growing trust²²

TON is getting closer to traditional markets, setting it up to face regulation smoothly. Market mood for Toncoin is positive at 37%²². In 30 days, its price swung by 6.19%, with more winning days than not, bolstering a hopeful view for TON’s future.

Price predictions expect a 12.28% jump, aiming at $6.40 USD by late September 2024. Projections then see it reaching $7.42 and $8.47 in the days after²². With a strong market cap of over $20 billion, TON’s standing in crypto is solid²².

Toncoin’s ties with big names like Bitcoin SV and Bitcoin Cash show its market impact²³. Yet, it moves differently from Ethereum and Nexo, highlighting its distinct place²³. Predictions for 2030 see its price ranging from $14.59 to $27.13, hinting at big gains ahead²³.

TON’s future shines bright with expected growth in transactions. As the network evolves with the market, it remains an exciting focus for those invested in its journey.

TON’s Integration with Web2 and Web3

The TON blockchain linking with Web2, especially through Telegram, has changed things big time. It makes using Web3 services way smoother and improves how users feel about it. Telegram, with its 700 million users, now easily acts like a crypto wallet. This lets users take care of their digital coins without a hassle²⁴.

Impact on User Experience

This coupling has made it much simpler for folks to start using crypto. TON’s design can handle lots of transactions at once. This means faster transactions with less waiting²⁴. This perfect mix makes using Web3 services a breeze. Look at NOTcoin, a game that got 4.1 million players in just a week thanks to Telegram²⁴.

Bitget Wallet’s Role

Bitget Wallet has been key in the TON network. It’s now used by 68% of Telegram game players, showing how big of an impact it has²⁵. Being part of Telegram helps users easily get to their digital money. It also makes joining in the wide Web3 world smoother. Bitget Wallet really is essential for moving between Web2 and Web3²⁵.

Here’s a quick look at important numbers for this integration:

Conclusion

The rise in TON’s transaction volume clearly shows its network’s strength and cutting-edge blockchain tech. In the last year, TON hit a new high of 104,715 transactions per second (TPS) using only 256 validators²⁶²⁷. This proves its quick speed and ability to grow. The high number of transactions points to TON’s growing power in the blockchain world. It shows it can handle more users.

TON also offers transactions that cost about $0.01. This is much cheaper than Ethereum’s $20.00 or Solana’s $0.005²⁶. TON having Telegram, with its 800 million active users monthly, has really helped. It’s made TON’s user involvement stronger and grown its network²⁷. This key partnership has led to more transactions within TON’s system.

As TON grows with Web2 and Web3 tech, its transaction volume is key to seeing its market power and network health²⁷. It’s set to handle millions of transactions per second in theory. TON can meet needs now and in the future. Looking at these achievements and future plans, TON’s transaction volume is vital for understanding its growth in the blockchain field.