TON Crypto: A New Era for the Decentralized Level 1 Blockchain

The Open Network (TON), a decentralized level 1 blockchain, recently reached an impressive milestone: its daily transfer volume now represents 10% of that

The Open Network (TON), a decentralized layer-1 blockchain, recently hit a new high: its daily transfer volume now reaches 10% of the flagship cryptocurrency (Bitcoin). With indicators exploding and growing every day, TON is positioning itself as an unmissable player in the crypto ecosystem. Let's take a closer look at this meteoric rise.

The rise of TON's indicators

The rise of TON crypto is not random. Several elements have contributed to this surge in power. First of all, the integration of an economy based on Toncoin within the Telegram application played a crucial role.

Indeed, Telegram, by integrating an advertising system that pays channels up to 50% in TON, attracted a new wave of users to the TON blockchain. This massive arrival brought transaction volumes to never-before-seen levels.

Moreover, the launch of the Open League program at the beginning of April amplified this enthusiasm. This long-term incentive program notably plans to distribute 30 million TON, for an approximate value of 188 million dollars, to community members via airdrops, quests, and liquidity pools on the network's decentralized exchanges.

An initiative that not only strengthened the loyalty of current users but also attracted new investors.

Finally, the presence of decentralized exchange platforms such as Ston.fi and Dedust, as well as liquid staking projects like Tonstakers and Bemo, saw their TVL (Total Value Locked) grow significantly in recent weeks.

This rise in TVL demonstrates the growing confidence of investors in the TON ecosystem, further cementing its position of strength in the market.

The breakthrough of TVL

One of the indicators that best reflects TON's success is undoubtedly its TVL, which doubled within three weeks to reach a record high of 605 million dollars.

This spectacular leap reflects the increased confidence of investors and the growing adoption of the TON blockchain. For comparison, at the end of May, the TON TVL was at 300 million dollars, before climbing to 620 million dollars at the time of writing.

This rapid rise in TVL can notably be explained by investors' attraction to the decentralized finance (DeFi) solutions offered by TON. In particular, liquidity pools and liquid staking mechanisms attracted a growing number of participants, contributing to the skyrocketing locked values.

Another indicator of this growing popularity is the exponential increase in the number of Toncoin (TON) holders. In one year, their number went from 2.9 million to 32 million, highlighting the rapid adoption and increasing engagement of the community.

Comparison with Bitcoin: A new era for TON

Compared to Bitcoin, TON's daily transfer volume is particularly impressive. While Bitcoin has an average daily transfer volume of 50 billion dollars, TON oscillates between 5 and 10 billion dollars per day.

This performance, although it represents only 10% of Bitcoin's volume, is remarkable for a relatively young blockchain.

This comparison not only highlights TON's ability to compete with giants like Bitcoin but also its potential for future growth.

The speed at which TON reached this milestone is a testament to its innovation and growing appeal to users and investors.

At the same time, TON's robust infrastructure and innovative solutions, such as decentralized exchanges and liquid staking projects, have created a dynamic and attractive ecosystem.

These differentiating elements position the TON crypto as a viable and competitive alternative to Bitcoin and other established cryptocurrencies.

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Having been fascinated by bitcoin since 2017, Evariste has continuously documented himself on the subject. If his initial interest was in trading, he now actively tries to understand all the advances centered around cryptocurrencies. As a writer, he aspires to constantly provide high-quality work that reflects the state of the sector as a whole.