Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»TON Network Surpasses 100 Million Holders: Factors Driving Growth:
ALTCOIN NEWS

TON Network Surpasses 100 Million Holders: Factors Driving Growth:

By Crypto FlexsOctober 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
TON Network Surpasses 100 Million Holders: Factors Driving Growth:
Share
Facebook Twitter LinkedIn Pinterest Email
  • TON’s ecosystem has surpassed 100 million holders.
  • Mini apps like Hamster Kombat have become very popular.
  • The mini-app monetization model is gaining interest from developers.

Open Network (TON) has emerged as one of the fastest growing chains in 2024. With a total value locked (TVL) of over $400 million, TON has quickly risen up the DeFi rankings.

Recently, TON achieved an important milestone of 100 million holders. This growth has been primarily driven by tight integration with Telegram and the explosion of native Telegram mini apps.

Mini App: A catalyst for TON growth

TON’s recent ecosystem growth has led to a surge in the number of holders. The project has achieved 100 million unique wallets with non-zero TON balances. This growth is largely due to the integration with Telegram and the resulting rapid expansion of the DeFi ecosystem.

The Telegram mini app allows users to interact with TON directly through the Messenger app. Users can access Web3 services without having to set up a wallet, which is driving adoption. Additionally, Telegram has 900 million monthly active users, giving TON a large audience from which to expand.

At the same time, developers are attracted to TONs thanks to the multiple ways to monetize their apps. This includes token issuance, in-app purchases, advertising, etc. For example, the popular game Catizen reported $26.4 million in revenue through in-app purchases.

TON confirms rapid DeFi growth

The activities of these mini apps directly contribute to TON’s ecosystem. In July, TON surpassed $800 million in value at lock (TVL) and stood at $405.9 million as of Monday, October 7. This makes TON one of the top 20 blockchains by DeFi ecosystem size.

TON price chart.
Source: DefiLlama

Ton was originally a project by Telegram and was designed to integrate seamlessly into the app. However, in 2020, the U.S. Securities and Exchange Commission (SEC) accused Telegram of conducting an unregistered securities offering.

This led to Telegram officially splitting off from TON and giving the project to independent developers. Nonetheless, the recent integration of Telegram and TON suggests that the projects are largely connected.

On the flip side

  • As mini apps grew in popularity, TON experienced network congestion. For example, due to the DOGS airdrop temporary power outage And high transaction fees.
  • TON’s affiliation with Telegram exposes it to regulatory risk. arrest These are the words of Telegram CEO Pavel Durov.

Why This Matters

TON’s growth will accelerate Web3 adoption, attracting millions of users to the space. It also highlights that ease of use is one of the most important factors in attracting users.

Learn more about TON’s growth.
TON breaks records thanks to DOGS Memecoin.

Learn more about Polymarket:
Polymarket Betters Is Overwhelmingly Losing Money: Here’s Why.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

According to the analyst Benjamin Cowen, Altcoins is a time before diving against Bitcoin

June 3, 2025

ZEBEC Network’s ZBCN token almost 300%: What is soaring?

June 3, 2025

Can the bull in the PI Network face in the face of steady sales pressure?

June 3, 2025
Add A Comment

Comments are closed.

Recent Posts

According to the analyst Benjamin Cowen, Altcoins is a time before diving against Bitcoin

June 3, 2025

SUI -based P2P game beta beta is released.

June 3, 2025

Bitcoin Conference 2025, Highlights in Las Vegas

June 3, 2025

Bitcoin trader expects a drop and sees $ 100K

June 3, 2025

ZEBEC Network’s ZBCN token almost 300%: What is soaring?

June 3, 2025

CoinsBee surpassed 5,000 gift card brands, making it the world’s largest encryption gift card platform.

June 3, 2025

$ 165 after brake out for SOL EYES record network activities

June 3, 2025

AI drive interaction transforms Australia’s National Communication Museum.

June 3, 2025

Can the bull in the PI Network face in the face of steady sales pressure?

June 3, 2025

2017 Ether Leeum’s ‘Candle-to-Candle’ twin structure

June 3, 2025

Australia will maintain the Crypto ATM rules to determine the rules to fight fraud.

June 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

According to the analyst Benjamin Cowen, Altcoins is a time before diving against Bitcoin

June 3, 2025

SUI -based P2P game beta beta is released.

June 3, 2025

Bitcoin Conference 2025, Highlights in Las Vegas

June 3, 2025
Most Popular

Optimal Audio Formats for Speech-to-Text Applications: A Comprehensive Guide

August 10, 2024

British digital banking giant Revolut becomes Pyth Network data publisher

January 9, 2025

Jasmy Eyes 84% ​​rally -but this group can interfere.

February 1, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.