According to the project developers, the number of users claiming Dogs (DOGS) on the Layer 1 blockchain, The Open Network (TON), has reached an all-time high during the recent airdrop of the new Mimecoin.
In a new post on messaging app Telegram, TON developers say Dogs has become “the biggest meme TGE (token generation event) in cryptocurrency history.”
The TON blockchain was originally created by Telegram in 2018, but has since been acquired by an international group of independent developers.
“17 million users have claimed DOGS tokens. Daily active user addresses have repeatedly reached 1.1 million over the past two weeks, with single-day transactions peaking at 14.4 million. DOGS token distribution has played a significant role in this surge. DOGS tokens are currently held in 4.5 million unique wallets on TON, putting them in a unique position. This is the most unique token holders of any chain, and it has achieved this in just two weeks. Only TRON and Ethereum’s USDT have more holders than DOGS.
DOGS is a meme project inspired by TON. Pavel Durov’s iconic dog drawing spawned the largest meme TGE (exchange token offering) in cryptocurrency history.
- 53 million users have used the DOGS Mini app.
- 42.2 million people were eligible for the token airdrop.
- 17 million users claimed their airdropped tokens.
- “4.5 million unique holders.”
TON developers anticipate that larger TGEs will be made in upcoming airdrops on the TON blockchain, including Catizen (CATI) and Hamster Kombat (HMSTR).
“This level of user engagement was previously unimaginable for Web3. We expect larger TGEs for Catizen and Hamster Kombat in September, which could bring tens or hundreds of millions of users to the blockchain for the first time. The network will undoubtedly face more technical challenges and unexpected issues, but we are determined to build and solve these challenges as we move towards mass adoption.”
Dogs is trading at $0.001047 at the time of writing, up 2.6% over the last 24 hours. Memecoin has a market cap of $541,450,195.
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Featured image: Shutterstock/Sabura/Natalia Siiatovskaia