TON Has Reached 10% of Bitcoin's Potential
The TON blockchain continues to see high user activity.
CryptoQuant said that the network's performance is growing rapidly. TON has reached 10% of the Bitcoin network's potential in terms of transaction volume. The analytics company emphasized that the average daily volume of transfers in Bitcoin is 50 billion dollars. Meanwhile, on the TON network, this figure fluctuated between 5 and 10 billion dollars. This is a significant achievement considering that the TON network has only been in existence for a few years.
In addition, the number of TON holders increased markedly over the year, from 2.9 million to 32 million. TON's total blockchain value (TVL) doubled in three weeks and reached an all-time high. At the end of May, the blockchain's TVL was $300 million, and by the time of writing, it had grown to $620 million.
Experts attribute this rapid growth of the network to recent updates in the ecosystem. In the spring, Telegram crypto monetized advertising, which involves payments of 50% of ad revenue to content creators. In April, developers introduced The Open League initiative, which encourages active users and developers of the network. And recently, mini-games launched on TON, such as Notcoin and Hamster Kombat, have brought great popularity to the network.
