The Open Network (TON) has exhibited remarkable growth, recently surpassing top blockchains in terms of active addresses. According to data from the market intelligence platform IntoTheBlock, the number of daily active TON addresses soared to 3 million in the first week of September. This figure exceeded the number of active addresses on major Layer 1 networks, such as Bitcoin and Ethereum. TON’s increasing popularity over the past few months has garnered significant attention from developers, investors, and users, reinforcing its position as a strong contender in the blockchain space.
### USDT Trading Volume on TON Surges
In addition to the growing number of active addresses, TON has seen an increase in on-chain trading volumes, particularly in the stablecoins market. The blockchain is currently among the top networks with the highest USDT trading volumes. According to IntoTheBlock, TON recorded an impressive $1.2 billion USDT trading volume, with 1.5 million unique holders on Sept. 9. Tron, however, remains the largest blockchain for USDT trading, with a trading volume of $98.1 billion on Sept. 9. It was followed by Ethereum with $34.3 billion. Analysts note that the surge in TON’s USDT trading underscores the growing interest and adoption among TON users. Earlier in April, Tether, the issuer of USDT, launched the stablecoin on TON.
### The Biggest Growth Opportunity
The rapid adoption of popular TON-based decentralized applications (dApps) like Hamster Kombat and Notcoin has significantly contributed to the network’s growth. These tap-to-earn projects have boosted user activity on the TON blockchain over the past few months. As a result, TON received a $30 million investment from crypto exchange Bitget and Foresight Ventures to promote the development of tap-to-earn projects. As the network’s popularity continues to rise, market experts believe that the TON ecosystem represents “the biggest growth opportunity” in the crypto market this year.
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