At the beginning of 2024, TON had only 4 million addresses with a balance greater than zero. The TON cryptocurrency is up 127% since January 1, 2024. The TON cryptocurrency network, co-created by Pavel Durov, who is also known for being the founder of Telegram, has reached a significant milestone by surpassing 100 million unique users. Analyst Maarten Regterschot explained that this figure refers to unique addresses with a non-zero balance. This number represents an increase of 2,225% compared to the beginning of the year, when there were only 4.3 million holders.
This exponential growth of TON has been especially driven by the integration of games on the Telegram platform. Hamster Kombat, one of the gaming tokens that was launched on the TON network, experienced a 1,000% price increase after being listed on major exchanges such as Binance, KuCoin, OKX, Bybit, Bitget, Gate.io, MEXC and Bitfinex. This trend suggests a growing interest in digital assets linked to the TON network. “Whether you like TON as a cryptocurrency or network or not, TON is bringing millions of users of the Telegram platform into the world of cryptocurrencies,” Maartun noted in his analysis.
The network saw an increase of more than 90 million users in less than a year. Source: CryptoQuant. In addition to the popularity of games like Hamster Kombat, Telegram is expanding its integration with the TON network by introducing non-fungible token (NFT) functionality. Durov recently announced a new feature called “Gift” that will allow Telegram users to convert limited digital gifts into NFTs based on the TON chain. This innovation, which seeks to capitalize on the December festivities, It is part of a broader strategy to incorporate digital assets and increase the adoption of cryptocurrencies within the messaging platform, as reported by BitcoinDynamic.
The TON cryptocurrency is up more than 100%
Interest in TON is not limited only to the number of users. The price of the native cryptocurrency, toncoin, has increased significantly this year, as has been reported by this medium. Since January 1, 2024, when TON was trading at an average of $2.20, Its value has risen more than 127%trading for around $5.08 at the close of this article. This increase reflects the market's confidence in the potential of the network and that this cryptocurrency has been one of the most profitable this year.
Since January 1, 2024, the value of TON has risen more than 127%. Source: CoinMarketCap. TON, or The Open Network, was conceived as a solution for a more decentralized and efficient Internet. Pavel Durov, its co-creator, has been in the eye of the storm recently not only for the achievements of TON, but also for the accusations he faces in France. As reported by BitcoinDynamic, Durov was charged with 12 charges, including alleged complicity in the distribution of child exploitation material and drugs, among others. Despite these controversies, the TON network forges ahead, showing robust growth that defies its founder's legal circumstances.