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TON Experiences Explosive Surge in Adoption. Daily wallet users surpasses Ethereum users


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Over the past six months, the TON blockchain has experienced extraordinary growth, driven by a surge in projects launched on the platform, many tied to Telegram. NOTCOIN stands out as a major success, gaining significant traction from its inception. Additionally, projects like BLUM and HAMSTER KOMBAT have gained widespread recognition and adoption, enriching the ecosystem further.

With over 900 million users on Telegram and nearly 45% engaging in various Telegram-based gaming projects to earn cryptocurrency, the future of the TON blockchain looks incredibly promising. In June alone, the number of daily active addresses on the TON blockchain surpassed those on Ethereum, and the TON token's value has quintupled over the past two months, with Total Value Locked (TVL) now exceeding $600 million.

Since the start of 2024, TON has surged over 400%, making it one of the top-performing tokens. Remarkably, it has maintained its bullish trend despite a broader decline in BTC and other major altcoins, solidifying its position as a highly sought-after blockchain.

Recognizing the potential of the TON ecosystem, Bitget, in alliance with Foresight Ventures, has invested $20 million to support new and emerging projects within the TON ecosystem. https://cointelegraph.com/news/telegram-ton-bitget-20-million-fund. This significant financial backing from top industry players is expected to foster the development of high-quality projects.

Drawing parallels to the massive adoption Ethereum experienced in 2020/2021, which led to a significant surge in ETH's value, we might witness a similar scenario with TON in the upcoming cycle. However, I advise conducting your own research (DYOR) as this is not financial advice.

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