TON Blockchain: Is This the Next Big Thing? 🤔
The TON blockchain has been making waves lately, with its token price steadily climbing. A big part of this surge can be attributed to the rise of “tap-to-earn” games like Notcoin and Hamster Kombat, which have been driving up Telegram’s popularity. But is there more to this story?
The Power of Telegram Open Network
These Telegram-based games are all built on the Telegram Open Network (TON). This has led to a massive increase in the blockchain’s usage. Data from Artemis shows that TON is now processing significantly more daily transactions than Ethereum, and this number keeps going up. On July 17th, TON handled a whopping 4.9 million transactions, while Ethereum only managed 1.2 million.
TON is also leaving Ethereum in the dust when it comes to daily active addresses. Even when compared to Ethereum’s Layer 2 solutions like Arbitrum, Base, and Optimism, TON is still ahead in daily transactions.
TON’s Price Surge
The growing popularity of TON-based games is a big reason behind its price gains. In fact, TON’s price performance is putting Bitcoin to shame. Bitcoin hit a new all-time high on March 14th, but then experienced a significant drop of almost 27%, losing $20,000. In contrast, from March 14th to April 11th, TON’s price soared by 102%.
Currently, TON is trading near its all-time high at around $7.28. Despite healthy corrections, its price continues to climb. Since February 24th, TON has seen a 310% increase, while Bitcoin has only managed a 22% rise.
Telegram’s Ambitions
TON’s success is closely tied to Telegram’s growth. With its massive user base of nearly 1 billion people, Telegram is aiming to become an “everything app”. It already offers messaging, calling, video streaming, groups, and supergroups. Now, with the introduction of mini apps, Telegram is becoming even more popular.
The addition of crypto-based games will further boost TON’s engagement and push its token price even higher.
