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The Open Network (TON) has continued to record outstanding growth as the protocol recently saw its active addresses outperform leading blockchains in the industry.
According to <a href="https://x.com/intotheblock/status/1836439423182901440?t=tKEEcuWj1u_sRQjcgYlg3w&amp;s=19" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">data</a> from the market intelligence platform IntoTheBlock, the number of daily active TON addresses surged to 3 million in the first week of September.
Per the data, this figure exceeded the number of active addresses recorded on major Layer 1 networks, including Bitcoin and Ethereum. TON’s popularity over the past few months has attracted increasing attention from developers, investors, and users alike, further solidifying its position as a rising contender in the blockchain space.
<h2 id="usdt-trading-volume-on-ton-surges">USDT Trading Volume on TON Surges</h2>
In addition to the growing number of active addresses, TON has experienced an increase in on-chain trading volumes, especially in the stablecoins market.
The blockchain is currently among the top networks with the highest USDT trading volumes. <a href="https://app.intotheblock.com/perspectives/usdt_deep_dive" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">According</a> to IntoTheBlock, TON recorded an impressive $1.2 billion USDT trading volume, with 1.5 million unique holders on Sept. 9.
Tron, however, remains the biggest blockchain for USDT trading, with a trading volume of $98.1 billion recorded on Sept. 9. It was followed by Ethereum with $34.3 billion.
According to analysts, the surge in TON’s USDT trading highlights growing interest and adoption among TON users. Earlier in April, Tether, the issuer of USDT, <a href="https://cryptopotato.com/tether-launches-usdt-and-xaut-on-the-open-network-ton/" data-wpel-link="internal" rel="noopener noreferrer nofollow">launched</a> the stablecoin on TON.
<h2 id="the-biggest-growth-opportunity">The Biggest Growth Opportunity</h2>
The rapid adoption of popular TON-based decentralized applications (dApps) like Hamster Kombat and Notcoin has contributed significantly to the network’s growth. These tap-to-earn projects have increased user activity on the TON blockchain over the past few months.
Consequently, TON <a href="https://www.bitget.com/news/detail/12560604215342" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">received</a> a $30 million investment from crypto exchange Bitget and Foresight Ventures yesterday to boost the development of tap-to-earn projects.
As the network’s popularity continues to soar, market experts believe that the TON ecosystem is “the biggest growth opportunity” in the crypto market this year.
The post <a href="https://cryptopotato.com/tons-daily-active-addresses-exceed-leading-l1-blockchains-like-bitcoin-ethereum/" rel="noopener noreferrer nofollow">TON’s Daily Active Addresses Exceed Leading L1 Blockchains Like Bitcoin, Ethereum</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

TON’s Daily Active Addresses Exceed Leading L1 Blockchains Like Bitcoin, Ethereum

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