Transaction Volume Reaches New Highs

On Oct 1, 2024

TON blockchain has emerged as a leader in the Layer-1 space, capturing 50% of transactions in September. This skyrocketing surge in blockchain growth and transaction volume is very important! This is an essential step for TON as a critical player among Layer-1 solutions.

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Explosive Growth in TON Blockchain: Transaction Volume, Market Impact, and Future Prospects

TON Dominates Layer-1 Transaction Volume

TON led the Layer-1 market last month, handling half of all L1 transactions. This big jump came from the launch of new tokens on TON. As you can see from the screenshot above, the graph shows TON’s big growth. This information is from CryptoQuant analysts.

Viral Telegram-Based Games Fuel TON’s Success

TON’s success is largely driven by viral Telegram-based projects. Games like Hamster Kombat and Catizen have seen explosive growth. Hamster Kombat reached 300 million users by late July, becoming one of the fastest-growing Web3 games in history.

The DOGS meme coin, another TON-based project, achieved 17 million token claims shortly after launch. It reached 28 million monthly active users in August and surpassed 5 million unique wallets.

TON’s Total Value Locked (TVL) Soars

The growth in transaction volume has led to a significant increase in TON’s Total Value Locked (TVL). According to DefiLlama data, TON’s TVL rose by nearly 40% in September, from $311.66 million to $431.98 million.

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Market Impact and Future Outlook

Experts Collin Wu and WuliGy highlighted TON’s potential in a recent podcast.

They said:

“The ecosystems behind these tokens have huge potential, especially in regions like CIS, South Asia, and areas where credit cards are less common. As they gradually embrace Web3 and crypto payments, the growth potential is immense.”

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This growth positions TON as a significant player in the blockchain space. Its success in GameFi and integration with Telegram’s ecosystem sets it apart from other Layer-1 solutions.