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The Open Network has witnessed a landmark achievement as the number of latest holders on the platform has surpassed 100M. As per CryptoQuant, a well-known on-chain analytics provider, this substantial growth contributes to a great extent to TON’s evolution as a top blockchain network. The analytics firm took to its official X account to provide the details of this development.
$TON Holder Count reaches 100 million
— CryptoQuant.com (@cryptoquant_com) October 8, 2024
“At the beginning of the year, the number of holders was 'only' 4.3 million. This shows that #TON has experienced huge growth.” – By @JA_Maartun
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TON Sees a Significant Adoption over the Year Based on Its Scalable and Rapid Blockchain Solutions
In its recent X post, CryptoQuant shared the analysis by its prominent analyst “maartunn,” pointing out this significant progress. TON, which was initially focused on the provision of scalable and rapid solutions concerning blockchain technology, has gained massive momentum. Throughout the past year, the platform has enormously jumped in terms of adoption.
At the start of this year, it had seen a slight number of up to 4.3M holders. They denote the unique addresses that hold non-zero balances in Toncoin (the native crypto asset of the network). However, with the gradual inclusion of the latest consumers, the holder count of the network has now climbed sharply to 100M. This figure denotes a 2,225% spike within a year.
The Integration Between TON and Telegram Target Expanding User Base with New Developments
TON’s deep integration within Telegram (a famous messaging forum) has been a noteworthy contributor to this growth. Telegram has been making waves in the crypto sector for a considerable time while its link to TON has emerged as a strategic advantage. Interestingly, the launch of gaming coins on TON such as Hamster Kombat, has attracted new consumers. This has also pushed the adoption across different segments, especially among gaming devotees.
This flood of users signifies a big move for TON, which Telegram originally envisioned as the local blockchain network thereof. Though Telegram officially dissociated itself from this project following regulatory issues back in 2020, TON Foundation recovered the network and it has kept evolving. The current growth will potentially further fortify its status as a leading entity in the crypto world.