- The TON network’s top tokens have a broader user base than Ethereum’s PEPE, showcasing TON’s growing popularity.
- TON ecosystem expansion is fueled by investments and innovative dApps, marking its rising prominence in the blockchain sector.
The recent data shows that the TON chain is outpacing Ethereum’s top meme coin in terms of user adoption and activity. Specifically, the top five tokens on the TON chain—TON, USDT, CATI, NOT, and DOGS—have much higher user adoption than Ethereum’s PEPE, according to crypto journalist, Collin Wu.
The top five tokens on the TON chain are TON, USDT, CATI, NOT, DOGS, with 19.39 million, 1.54 million, 1.09 million, 2.86 million, and 5 million addresses on the chain. In comparison, Ethereum’s top Memecoin PEPE has only 280k addresses on the chain, which shows the huge number… pic.twitter.com/0QWXAYdm8w
— Wu Blockchain (@WuBlockchain) September 22, 2024
TON Chain Surpasses Ethereum with Massive User Adoption
The TON blockchain’s flagship token, TON, has 19.39 million addresses, while additional tokens include USDT, CATI, NOT, and DOGS, which have 1.54 million, 1.09 million, 2.86 million, and 5 million, respectively. In stark contrast, PEPE on the Ethereum network has only 280,000 addresses.
This comparison highlights the TON network’s broad and diverse user base, demonstrating its quick expansion and widespread adoption.
Adding to this pace, USDT has passed a significant milestone by exceeding $1 billion in circulating supply on the TON chain. This achievement not only shows USDT’s supremacy among stablecoins, but it also demonstrates the TON network’s growing popularity as a preferred choice for users seeking stablecoin transactions.
In addition to increased user adoption, the TON ecosystem is expanding significantly in other areas. As we previously highlighted, Pixelverse has released a restricted test for its MMORPG browser game, which includes TON microtransactions that go beyond Telegram.
The game uses Web3 technology, which allows users to immerse themselves in a cyberpunk world, complete quests, and actively engage in an open economy. This development demonstrates how TON’s blockchain technology is being adopted in a variety of areas, resulting in unique use cases and increasing the ecosystem’s total utility.
Furthermore, the investment landscape surrounding TON has sparked tremendous interest. According to CNF, Bitget and Foresight Ventures have invested $30 million in the TON ecosystem to promote dApp innovation and expedite the network’s growth.
The TON ecosystem has grown significantly, with over 1,000 dApps and a spike in total value locked (TVL). This illustrates not only the ecosystem’s ability to thrive, but also its potential to attract new investments and collaborations.
Meanwhile, Toncoin (TON), the native currency of the TON chain, is currently trading at about $5.65, up 2.02% over the last 24 hours. Its market cap has now surpassed $14 billion.
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