The Open Community (TON) blockchain has skilled a major surge in its on-chain metrics in 2024, with buying and selling quantity, complete worth locked, energetic customers, and each day transactions all rising significantly.
In response to Artemis information, the each day common buying and selling quantity on TON’s decentralized exchanges (DEX) rose from just a little over $2 million to $17.2 million in September — representing a 760% year-to-date development.
On-chain metrics surge
Artemis information reveals substantial development throughout key metrics for the community all through 2024. Each day energetic addresses on TON rose from 26,274 in January to 902,737 in September — a 3,435% year-to-date development.
In the meantime, each day transactions noticed a equally substantial spike, rising 12x from 232,286 in January to 2,823,801 in September.
Notably, customers’ confidence within the community has additionally grown this yr, with the overall worth locked (TVL) on the community up 8x to $741.3 million as of September, from roughly $76 million firstly of the yr.
Moreover, a current Bitget analysis report identified that the broad surge in exercise impacted the community’s income from transaction charges. Customers’ spending with charges is roughly $75,000 each day. This contributes roughly $37,500 each day to TON blockchain validators.
On-chain gaming exercise
TON has established itself as a high community for on-chain gaming. A Sept. 12 report by DappRadar revealed that TON is the sixth-largest blockchain for gaming, with 177,000 common each day distinctive energetic wallets (UAW) in August.
The report additionally highlighted a correlation between international locations with probably the most Telegram customers and TON’s utilization, with Russia accounting for a major quantity of the exercise on the community due to its 35 million Telegram customers.
Moreover, the Commonwealth of Unbiased States (CIS) area as a complete reveals heavy participation in TON dApps, with Belarus, Uzbekistan, Ukraine, and Kazakhstan among the many high 10 international locations with probably the most interactions with Notcoin.
South Asian international locations and third-world nations like Brazil and Nigeria additionally present vital participation, significantly in tasks providing free token rewards.
Talked about on this article
