We tell you what is happening with TON and what reasons underlie the rapid growth of the project’s network activity.
What happened to TON
Number of TON active addresses on August 20, 2024 Update record level These changes demonstrate the platform’s growing popularity and indicate that its ecosystem is actively expanding.
At the same time, the total amount of funds frozen to meet demand tngo through According to DeFi Lamand then decrease from July 2024. At the time of writing this review, the indicator stood at $529 million, which is significantly lower than the $800 million target attempted in July, but significantly higher than the result on January 1 ($13 million).
Despite the positive outlook, Toncoin is still trading 20% below its all-time high. Recorded The price is $8.24 on June 15, 2024. TON’s behavior can be explained by a reaction to the general market downtrend in August.
Why is TON activity growing?
Ryan Lee believes that there are several reasons for the increase in the number of active addresses in the TON ecosystem. He highlighted the following points:
1. Integration with Telegram. Tightly integrated ton Telegram has become a key factor in increasing the number of users. The chat software has 900 million users. Each of them has direct access to TON features in the Telegram application, which improves user experience and promotes TON.
2. Incentives. The TON Foundation launched the Open Alliance Program to distribute 30,000,000 Toncoin to users, developers, and projects to stimulate the development of the ecosystem. This initiative will help attract more users and developers to join the TON ecosystem.
3. User EngagementThe TON ecosystem has gained many Tapping Game attracting millions of users.
According to our interlocutors, the introduction of “” can also contribute to increased user engagement star» Reward system.
Let us remind you that the editor of BeInCrypto wrote earlier: TON consolidates its position in Web3 Thanks for the collaboration with Injective and Pyth.
Do you want to be part of the large and friendly BIC community? Then Subscribe to our Telegram group — There you can find communication with cryptocurrency enthusiasts, help from our experts and exclusive reviews from experienced analysts.