Friday, June 14, 2024
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Unexpected news has rocked the crypto community: Telegram's blockchain TON (The Open Network) has surpassed Ethereum in the number of daily active addresses. This phenomenon raises many questions and gives interesting insights into the forces at work in this ecosystem.
The rise to power
TON's rise has been remarkable: the blockchain supported by popular messaging app Telegram surpassed Ethereum in the number of daily active addresses last month.
According to a report by Delphi Digital, this growth is primarily due to Telegram's massive user base, which stands at approximately 900 million people.
The widespread popularity of Telegram users and its easy integration into the TON ecosystem played a key role in this rapid growth.
Delphi Digital This situation is described as a reversal, Ton It may be undervalued by some players in the cryptocurrency market.
However, whether this rapid growth is sustainable in the long term and Ton Whether it can truly maintain its dominant position against cryptocurrency giants like Ethereum.
I'd like to make a direct comparison Ton With Ethereum, it is important to note some important nuances.
For example, on June 11, the three main Ethereum layer-2 solutions (Arbitrum, Base, and Optimism) combined reached a total of 1.3 million daily active addresses. These layer-2 solutions play a vital role in the Ethereum ecosystem, enabling increased transaction processing power and reduced fees, in line with the roadmap set by Ethereum co-founder Vitalik Buterin.
Factors behind TON's growth
The recent increase in activity is due to: Ton Network. Stablecoin integration Tether (USDT) upon Ton It certainly helps attract more users.
moreover, KnotCoina “tap to earn” token that allows users to earn rewards by completing various social challenges, was also a key factor. Since its introduction five months ago, KnotCoin It already has 35 million users.
Telegram didn't stop there. On June 6, the platform Telegram Starin-app currency for digital purchases. The new feature was well received by the cryptocurrency community and was quickly adopted across iOS and Android devices.
Telegram mini-apps, e.g. Hamster CombatIt has also become popular, attracting millions of users every day. In this simulation game, players can increase their exchange earnings by purchasing “upgrade cards” and completing quests.
Impact on the crypto ecosystem
A surge in activity Ton It has a huge impact on the entire crypto ecosystem. The rise of crypto-related features on Telegram, such as exchange bots and mini-apps, has made the platform a hub for crypto enthusiasts.
for example, Hamster Combat Recently, we announced that we have become the most popular channel on Telegram by number of users, proving the huge impact of these innovations. PixelverseTelegram, a Web3-based gaming ecosystem on Telegram, has raised $5.5 million in a funding round with participation from leading investors in the cryptocurrency and Web3 gaming sectors. Delphi Ventures, Merit Circleand Mechanism Capital.
Great performance of Ton The opposition to Ethereum raises interesting questions about the future of cryptocurrencies. Ton Telegram continues to grow thanks to its massive user base and constant innovation, while Ethereum remains a major player with its layer-2 solutions and solid roadmap.
This situation reflects the dynamic and competitive nature of the cryptocurrency world, where new forces constantly emerge that challenge the existing status quo. Either way, these developments are a powerful testament to the continued innovation and resilience of the cryptocurrency ecosystem.
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Fascinated by Bitcoin since 2017, Evaristo has not kept a record on the issue. If he is most interested in trading, this essay will help him to explore all the leading centers on cryptocurrencies. As an editor, I aspire to permanently produce high-quality work that reflects the state of the sector as a whole.
Disclaimer
The views, thoughts and opinions expressed in this article are those of the author and should not be taken as investment advice. Please conduct your own research before making any investment decisions.
