TON Blockchain User Base Surges, Outpaces Ethereum’s PEPE
Release: 2024/09/23 06:34 Reading: 258
- Original author：Crypto News Land
- Original source：https://cryptonewsland.com/?p=182172
September 23, 2024 at 02:30 AM GST
updated: September 23, 2024 at 01:04 AM
2 mins read
News
TON boasts 19.39 million addresses, overshadowing Ethereum's PEPE with just 280,000.
USDT's circulation on TON surpasses $1 billion, highlighting its growing transactional significance.
TON's ecosystem expansion is fueled by $30 million investment from Bitget and Foresight Ventures.
Recent data analysis reveals a remarkable surge in user adoption for TON blockchain's leading tokens, including TON, USDT, CATI, NOT, and DOGS. Despite concerns about potential spamming inflating these numbers, TON's growth trajectory remains impressive compared to Ethereum's top meme coin, PEPE.
TON User Growth Analysis
TON token leads with a staggering 19.39 million addresses, dwarfing USDT's 1.54 million, CATI's 1.09 million, NOT's 2.86 million, and DOGS's 5 million. In contrast, Ethereum's PEPE trails significantly with only 280,000 addresses, showcasing TON's growing user base.
However, some of this growth may be attributed to wallet farming, where multiple wallets are created to artificially inflate user numbers. This factor complicates the raw data, suggesting that while the numbers are impressive, they may not fully represent genuine user engagement.
Stablecoin Growth and Game Development on TON
USDT recently surpassed the $1 billion mark in circulating supply on the TON blockchain, emphasizing its appeal as a stable transaction platform amidst market volatility. Additionally, TON is expanding its utility beyond simple transactions.
Pixelverse, for instance, is testing a new MMORPG that incorporates TON microtransactions, merging blockchain technology with interactive web gaming. This initiative demonstrates TON's versatility and its potential to enhance various digital experiences.
TON Investment Growth
The investment landscape surrounding TON is also gaining momentum. Notable entities such as Bitget and Foresight Ventures have infused $30 million into the ecosystem, signaling strong belief in its potential for dApp development and network expansion.
Currently, the TON ecosystem hosts over 1,000 dApps and has experienced a notable increase in total value locked (TVL), indicating a vibrant and growing network. While TON's market cap and user engagement are on the rise, it's crucial to note that the blockchain still lags behind giants like Ethereum and Solana in terms of overall ecosystem maturity and TVL.
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