CandleFocus TON blockchain sees explosive 3,435% growth in daily active addresses over 2024
2024-09-20
Author: Content Editor
The Open Network (TON) blockchain has seen significant growth in its on-chain metrics in 2024. Trading volume, total value locked, active users, and daily transactions have all increased. The daily average trading volume on TON's decentralized exchanges rose by 760% year-to-date. Daily active addresses grew by 3,435% and daily transactions increased 12x. Confidence in the network has also grown, with the total value locked reaching $741.3 million, up 8x from the start of the year. The surge in activity has impacted the network's revenue from transaction fees, with users spending approximately $75,000 daily. TON is also a leading network for on-chain gaming, with a significant number of users in Russia and the Commonwealth of Independent States region. South Asian countries and countries in the third world have also shown participation in projects offering free token rewards.
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