Ethereum

Hamster

Notcoin

Hamster Kombat

<ul class="wp-block-list">
 <li>In the first week of September, the number of daily active TON addresses soared to 3 million.</li>
 <li>TON has also seen a rise in the volume of on-chain trades, particularly in the stablecoin market.</li>
</ul>
With its active addresses lately surpassing industry-leading blockchains, the Open Network (<a href="https://thenewscrypto.com/pixelverse-launches-closed-beta-mmorpg-expands-ton-microtransactions-beyond-telegram/" target="_blank" rel="noopener noreferrer nofollow">TON</a>) protocol has continued to achieve amazing growth. In the first week of September, the number of daily active TON addresses soared to 3 million, according to statistics from the industry research portal IntoTheBlock.
The research showed that this was more than the total number of active addresses on <a href="http://ethereum.org" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> and <a href="https://thenewscrypto.com/bitcoin-price-likely-to-face-correction-following-recent-surge/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, two of the most prominent Layer 1 networks. Developers, investors, and users have taken notice of TON’s meteoric rise in popularity over the last few months, establishing it as a serious player in the blockchain industry.
<h3 class="wp-block-heading" id="h-surge-in-usdt-trade-volumes">Surge in USDT Trade Volumes</h3>
Not only has the number of active addresses increased, but TON has also seen a rise in the volume of on-chain trades, particularly in the stablecoin market.
As of now, the blockchain is one of the most active networks in terms of USDT trade volumes. On September 9, TON had an astounding $1.2 billion USDT trading volume, with 1.5 million individual holders, according to IntoTheBlock.
Yet, with a trading volume of $98.1 billion reported on Sept. 9, Tron continues to be the largest blockchain for USDT trading. With $34.3 billion, Ethereum came in second. Analysts claim that the increase in TON’s USDT trading shows that TON users are becoming more interested in adoption. Tether, the USDT’s issuer, debuted the stablecoin on TON in early April.
Notcoin and Hamster Kombat are just two of the many popular TON-based decentralized apps (dApps) that have helped propel the network forward. In recent months, the TON blockchain has seen an uptick in user engagement due to these tap-to-earn initiatives.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/imf-releases-guidelines-for-boosting-cbdc-adoption-with-redi-framework/" target="_blank" rel="noopener noreferrer nofollow">IMF Releases Guidelines for Boosting CBDC Adoption with REDI Framework</a>

TON Blockchain Sees Surge in Active Addresses and USDT Trading Volume

Table of Contents

TheNewsCrypto

Other articles published on Sep 22, 2024

Bitcoin weekly RSI sparks 'intermediate' $85K BTC price target

Crypto: Chainlink Surpasses ERC-20 Projects With Record Development Activity

Smartphone Blockchain Jambo Phone 2 Diluncurkan, Ada Sistem Imbalan Dijanjikan

Double Liquidity, Double Rewards – The Offer Crypto Traders Can’t Ignore

“Bitcoin Will Reach Half of Gold’s Market Cap,” Says VanEck CEO – Here’s BTC’s Future Price If It...

Crypto Boy Reviews Memebet Token Presale – Why $MEMEBET Could Be The Next 100X Gem

Join our free newsletter for daily crypto updates!