Spike

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Toncoin

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Toncoin, the native token of the TON (The Open Network) layer 1 blockchain, has recently marked a monumental stride. As per data unveiled by ‘The Block Pro’ today, the daily active addresses on the network surged by a whopping 5360% YoY this month. Overall, this data has garnered significant optimism for TON and its ecosystem, underscoring burgeoning global adoption. Here’s a brief overview of the data that has set off optimistic waves for the layer 1 blockchain.
<h2 id="toncoin-daily-active-addresses-spike-leveraging-telegram">Toncoin Daily Active Addresses Spike Leveraging Telegram</h2>
According to the insights offered by ‘The Block Pro,’ TON daily active addresses surged 5360% year-over-year to reach 373K as of July 15. This indicated increased usage, network growth, and sparked a bullish market sentiment for the Toncoin ecosystem.
<figure id="attachment_208859" aria-describedby="caption-attachment-208859" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-208859" src="https://coingape.com/wp-content/uploads/2024/07/TON-Daily-Active-Addresses.png" alt="TON Daily Active Addresses" width="689" height="293" srcset="https://coingape.com/wp-content/uploads/2024/07/TON-Daily-Active-Addresses.png 1475w, https://coingape.com/wp-content/uploads/2024/07/TON-Daily-Active-Addresses-300x128.png 300w, https://coingape.com/wp-content/uploads/2024/07/TON-Daily-Active-Addresses-1224x520.png 1224w, https://coingape.com/wp-content/uploads/2024/07/TON-Daily-Active-Addresses-768x326.png 768w, https://coingape.com/wp-content/uploads/2024/07/TON-Daily-Active-Addresses-1030x438.png 1030w, https://coingape.com/wp-content/uploads/2024/07/TON-Daily-Active-Addresses-150x64.png 150w" sizes="(max-width: 689px) 100vw, 689px">
 <figcaption id="caption-attachment-208859" class="wp-caption-text">
 Source: The Block Pro
 </figcaption>
</figure>
Meanwhile, data also revealed that over half of the projects that run on the ecosystem run as bots on Telegram, the social media platform. This underscores a strong link between the two entities, spearheaded by Pavel Durov.
Further, the ecosystem’s top categories that magnetize users encompass analytics, gaming (P2E), and investments, illustrating diversity that is supported community interest. ‘The Block Pro’s’ data identified over 200 projects across eight different categories within the layer-1 <a href="https://coingape.com/glossary/blockchain/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a>, further solidifying user appeal.
<img decoding="async" class="aligncenter wp-image-208860" src="https://coingape.com/wp-content/uploads/2024/07/TON-ecosystem-categories.png" alt="TON ecosystem categories" width="633" height="269" srcset="https://coingape.com/wp-content/uploads/2024/07/TON-ecosystem-categories.png 1477w, https://coingape.com/wp-content/uploads/2024/07/TON-ecosystem-categories-300x127.png 300w, https://coingape.com/wp-content/uploads/2024/07/TON-ecosystem-categories-1224x520.png 1224w, https://coingape.com/wp-content/uploads/2024/07/TON-ecosystem-categories-768x326.png 768w, https://coingape.com/wp-content/uploads/2024/07/TON-ecosystem-categories-1030x438.png 1030w, https://coingape.com/wp-content/uploads/2024/07/TON-ecosystem-categories-150x64.png 150w" sizes="(max-width: 633px) 100vw, 633px">
In light of <a href="https://coingape.com/ton-blockchain-partners-with-mocaverse-moca-foundation-heres-why/" target="_blank" rel="noopener noreferrer nofollow">TON’s rising adoption</a>, it’s worth mentioning that the layer 1 blockchain today revealed its strategic partnership with Animoca Brands’ Mocaverse &amp; MOCA Foundation. Altogether, Toncoin’s saga has reverberated optimism among crypto market participants across the globe.
Also Read: <a href="https://coingape.com/mt-gox-set-for-large-bitcoin-repayment-ahead-ethereum-etf-launch/" target="_blank" rel="noopener noreferrer nofollow">Mt Gox Set For Large Bitcoin Repayment Ahead Ethereum ETF Launch</a>
<h2 id="what-s-next">What’s Next?</h2>
Meanwhile, The Open Network has continued embarking on a plethora of developments in recent days. As seen with the launch of Notcoin, Hamster Kombat, and BabyDoge’s PAWS, among many other <a href="https://coingape.com/play-to-earn-games/" target="_blank" rel="noopener noreferrer nofollow">P2E (Play to Earn) games</a>, the TON blockchain’s unique user experience via Telegram’s ease has gained significant traction.
Also, the TON price noted gains of 377% on a YoY basis. Besides, the crypto traded at $6.97 at press time, showcasing signs of consolidation.
<img decoding="async" class="aligncenter wp-image-208864" src="https://coingape.com/wp-content/uploads/2024/07/TON-price-YoY.png" alt="TON price YoY" width="591" height="366" srcset="https://coingape.com/wp-content/uploads/2024/07/TON-price-YoY.png 938w, https://coingape.com/wp-content/uploads/2024/07/TON-price-YoY-300x186.png 300w, https://coingape.com/wp-content/uploads/2024/07/TON-price-YoY-768x476.png 768w, https://coingape.com/wp-content/uploads/2024/07/TON-price-YoY-150x93.png 150w" sizes="(max-width: 591px) 100vw, 591px">
Nonetheless, the colossal spike in the daily active addresses has added a bullish tint to the project’s endeavor.
Also Read: <a href="https://coingape.com/shytoshi-kusama-spotlights-shiba-inu-treat-token-blunder/" target="_blank" rel="noopener noreferrer nofollow">Shytoshi Kusama Spotlights Shiba Inu’s TREAT Token Blunder</a>
The post <a href="https://coingape.com/toncoin-daily-active-addresses-surge-5360-yoy/" rel="noopener noreferrer nofollow">Toncoin Daily Active Addresses Surge 5360% YoY</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Toncoin Daily Active Addresses Surge 5360% YoY

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