TON network increases its number of users 100 times in 2024
The Open Network (TON) blockchain, one of the most talked about in 2024, has reached a milestone of significant growth in its user activity.
According to Steve Yun, president of the TON Foundation, the network has seen a 100x increase in monthly active users (MAU) over the past 12 months. This notable advancement reinforces TON’s position as one of the most prominent blockchain networks in the current scenario.
In 2024, TON experienced significant expansion, which was largely driven by the integration of US Dollar Tether (USDT) and massive airdrops.
Since March, the network started supporting its own version of USDT, the most used stablecoin in the world, which directly contributed to the increase in adoption of the platform.
Furthermore, token distribution campaigns, such as the HMSTR and DOGS airdrops, carried out between August and September, also attracted a large number of new users. These initiatives were among the largest cryptocurrency distribution campaigns in recent history.
The Open Network (TON)
With surprising growth, TON now has more than 12.4 million users worldwide. The blockchain network has also proven to be highly profitable, with over $123,000 raised daily in fees.
According to Steve Yun, these numbers demonstrate the strong community engagement and growing adoption of TON technology. The foundation's president shared these statistics on his account on the social network X, formerly known as Twitter, highlighting the impact that TON has made on the global crypto market.
One of the great differences that explains TON's success is the ease of access and use offered by its wallet integrated with Telegram. To create an address on the blockchain and start carrying out transactions, users simply need to activate a bot within the messaging application, without the need to install third-party software.
This fluid integration with Telegram facilitates the entry of new users and is one of the factors that drove the rapid growth of the network.
Despite the impressive milestone, not everything was positive for all TON-linked assets. Network-based memecoins such as DOGS and REDO have seen significant drops in value.
DOGS, for example, lost 25% of its capitalization in just one week, while REDO fell 14%. These tokens, which have gained notoriety among speculative investors, have faced difficulties amid the volatility of the crypto market.
Toncoin (TON), the network's native cryptocurrency, also saw its market capitalization decrease by 11%, but still maintains its position as the 10th largest cryptocurrency by market value.