TON Registers Stunning 100x Milestone in MAU: Details

The Open Network ($TON), the most trending blockchain of 2024, hit an amazing user activity milestone, according to its foundation's president. In 2024, its activity was bootstrapped by U.S. Dollar Tether ($USDT) expansion and massive airdrops.

$TON blockchain sees 100x increase in MAU, Foundation President Yun says

Telegram-linked blockchain network $TON has accomplished a major milestone in user activity. In the last 12 months, its net number of monthly active users (MAU) went through a 100x increase. Steve Yun, $TON Foundation President, shared the statistics today on his X account.

According to his data, the blockchain is now delivering its services to over 12.4 million users across the globe. The protocol has secured over $123,000 in fees daily.

In 2024, $TON onboarded a number of applications that contributed to this activity milestone. As covered by U.Today previously, since March, $TON supports its own version of $USDT, the largest stablecoin by market cap.

Also, its HMSTR and DOGS airdrops in August-September made waves in the crypto community. Both were among the largest cryptocurrency distribution campaigns ever.

$TON's killing feature is its ability to onboard new wallets directly from Telegram messenger. To create an on-chain address and start transacting, users should only activate the wallet in-app bot with no need to install third-party apps.

$TON meme coins decimated amid crypto plunge

Also, $TON became a hotbed for tap-to-earn apps in Q3, 2024. Hamster Kombat mania introduced blockchain to a new generation of customers.

In early Q4, 2024, once the dust settled, $TON-based meme coins are having tough times. In recent weeks, all of them lost over 20% in capitalization.

For instance, DOGS dropped by 25% in seven days, while REDO is 14% down.

Toncoin ($TON), the core native cryptocurrency of the blockchain, lost 11% of its market cap but still remains the 10th largest cryptocurrency.