• TON has grown rapidly with 52M addresses and 3M active users, showcasing high engagement across the blockchain.
• DOGS airdrop and USDT integration fueled significant transaction growth, pushing TON’s ecosystem into the spotlight.

In a tweet, IntoTheBlock disclosed that the TON blockchain ecosystem has grown significantly this year. This growth is being driven by a variety of factors, including increasing activity, new address creations, and major integrations that have drawn attention to the network.

TON, or The Open Network, has established itself as one of the most active blockchains in the market, and its history is worth exploring in depth.

DOGS Airdrop Sparks Surge in Active TON Addresses and Engagement 

The TON network currently has approximately 52 million addresses in balance, demonstrating its extensive use. The DOGS airdrop was a recent cause for this surge in activity, contributing to the rise of almost 2.19 million unique addresses holding a balance.

This particular event piqued many people’s interest, resulting in a significant increase in network engagement. While the sheer number of address holders is astounding, it is critical to distinguish between having an address and actively participating.

Fortunately, in TON’s situation, this is not just a matter of holders; there are currently about 3 million active addresses, indicating significant user activity.

TON’s 30-day activity ratio is an astounding 3%, greatly above Ethereum’s 0.43%. This indicator shows how engaged TON’s user base is when compared to other of its more renowned blockchain competitors.

The activity ratio, together with the growing number of active addresses, indicates that TON users are doing more than merely creating wallets; they are actively participating in transactions and contributing to the network’s growth.

Dominating Transaction Volume 

Transaction volume also looks positive for TON. At the moment, TON accounts for 99.5% of all transactions on its own network. However, as demand for TON tokens develops, a modest shift in distribution is starting to appear.

Notcoin, the largest token on the TON network, continues to dominate the ecosystem, strengthening its position. While adjustments in transaction volume distribution are currently minor, they show that other coins on the network are gaining appeal.

Previously, DOGS, as reported by CNF, broke out of a Falling Wedge pattern, indicating the possibility of a bullish run. As a result of the enthusiasm about DOGS and its airdrop, the TON blockchain saw over 46 million transactions, the majority of which were directly related to the growing interest in this memecoin.

Beyond memecoins, TON has made major gains in stablecoin integration. According to CNF, since April 2024, TON has successfully integrated USDT across more than 100 platforms, resulting in significant transaction growth.

This discovery has strengthened TON’s status as a blockchain capable of handling large-scale financial transactions.

Despite the overall favorable trend, the price of TON’s native coin has exhibited significant volatility. At the time of writing, the token is worth around $4.62, a 4.77% decrease over the last 24 hours.

This loss follows multiple attempts at recovery in recent days, demonstrating that while the network continues to expand, the market remains volatile.