In the exciting world of cryptocurrencies, there is currently a remarkable happening around the TON blockchain and its native token, Toncoin (TON). After a rapid price increase that catapulted the coin into the top 10 largest cryptocurrencies, however, there were also dark sides that caused excitement. The origin of these fluctuations lies in the arrest of Telegram founder Pavel Durov. Although the project now operates as a community initiative, the connection to Telegram remains crucial to TON's price development.
Durov's arrest in particular has alarmed the crypto community. When Telegram launched the TON blockchain, it was a significant step in the crypto world. Durov's arrest also led to two significant outages of the TON blockchain, each lasting six and seven hours. Despite these setbacks, an interesting phenomenon is emerging: the number of users of the blockchain has reached a new all-time high.
Growth in user numbers
After a turbulent history, the TON community is now looking forward to new successes. Durov was recently released on bail and the described outages do not seem to have deterred users from actively using the platform. In fact, the activity on the platform is impressive. TON has already exceeded the mark of 1.1 million daily active users on three days within a week. This is not just a number, but that the platform is growing and attracting new users.
It is worth noting that TON now has more daily users than Ethereum, although many of Ethereum's daily active wallets are due to Layer 2 solutions. In direct comparison to Solana, which currently has around 1.6 million daily active wallets, it is clear that TON is well on its way to achieving this goal as well.
Reasons for popularity
The rapid growth in users of the TON blockchain can be explained by several factors. Telegram has long since developed into more than just a messenger and now offers various additional features. Games with a play-to-earn function are particularly popular, as they offer not only entertainment but also monetary incentives. One example of a successful project is Notcoin (NOT), which has already attracted many users and contributed to the explosion in the number of users.
One of the latest developments is the meme coin DOGS, which is attracting attention among users through an airdrop. The rush for this coin is unprecedented and shows the potential of TON for the future. Numerous verified users have already requested direct deposits, which is unusual in the crypto world.
Against this backdrop, TON could establish itself as a platform for the creation of further billion-dollar projects. The airdrop of the Telegram game Hamster Kombat (HMSTR) could even raise TON's daily active user count above Solana in the short term, which would give the project an additional boost. It remains exciting to see how these trends develop and what other innovative products and services will emerge from the TON ecosystem.
