- TON boasts 19.39M addresses, eclipsing Ethereum’s PEPE with just 280K.
- USDT hits $1B in circulation on TON, underscoring its growing transactional role.
- TON’s investment surge: $30M from Bitget and Foresight Ventures fuels ecosystem expansion.
Recent analyses have revealed a dramatic increase in user adoption for TON blockchain’s top tokens, including TON, USDT, CATI, NOT, and DOGS. Despite concerns about the authenticity of these numbers due to potential spamming activities, TON’s growth trajectory remains strong compared to Ethereum’s leading 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. Ethereum’s PEPE, in contrast, registers only 280,000 addresses. This vast disparity highlights TON’s growing user base.
However, some of the growth may be attributed to wallet farming—a practice that involves creating multiple wallets to inflate user numbers artificially. This issue casts a shadow on the raw data, suggesting that while the numbers are impressive, they may not fully represent active user engagement.
Stablecoin Growth and Game Development on TON
Adding to TON’s achievements, USDT recently surpassed the $1 billion mark in circulating supply on the blockchain. This milestone emphasizes the blockchain’s appeal as a stable transaction environment amid the volatile crypto market. Furthermore, TON is expanding its utility beyond simple transactions.
Pixelverse, for instance, is testing a new MMORPG that incorporates TON microtransactions, blending blockchain technology with interactive web gaming. This move showcases TON’s versatility and its potential to penetrate different digital experiences.
TON Investment Growth
The investment climate around TON is also heating up. Notable entities like Bitget and Foresight Ventures have injected $30 million into the ecosystem, signaling strong confidence in TON’s potential for dApp development and network expansion.
Currently, the TON ecosystem supports over 1,000 dApps and has seen a notable increase in total value locked (TVL), suggesting a vibrant and growing network. While TON’s market cap and user engagement are on the rise, it’s important to note that the blockchain still significantly lags behind giants like Ethereum and Solana in terms of overall ecosystem maturity and TVL.
The post TON Blockchain User Base Surges, Outpaces Ethereum’s PEPE appeared first on Crypto News Land.
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