The Open Network (TON) has emerged as a dominant player in the Layer-1 (L1) blockchain space, significantly leading in transaction volumes in September 2024. According to data from CryptoQuant, TON accounted for 50% of the L1 market transactions, a remarkable feat driven largely by its integration with Telegram and a series of viral projects launched on its network.
Several Telegram-related initiatives, including games like Hamster Kombat and Catizen, and meme projects like DOGS and Watbird, have contributed to this surge. These clicker games have proven to be crucial growth engines for the TON ecosystem, with DOGS meme coin, in particular, achieving 17 million token claims shortly after its launch and surpassing 5 million unique wallets.
The rise of these applications within the TON network, notably Hamster Kombat, which reported over 300 million users in just a few months, has led to widespread adoption and heightened transaction activity. Similarly, Catizen gained traction, leading to its token (CATI) being listed on major exchanges like Binance and Coinbase.
The integration of TON with the Telegram ecosystem has played a vital role in boosting user engagement and transaction volume, setting it apart from other Layer-1 blockchains. With its expanding user base and successful project launches, TON is positioned as a leader in the L1 blockchain sector.
Source: beincrypto.com
