TON blockchain daily transaction volume hits $10B, gaining public attention
Share link:In this post: TON blockchain’s on-chain data shows a spike in daily transactions processed, hitting the $10B mark. The TON blockchain’s increased appeal and TON token contribute significantly to this rise. Its integration with Telegram is supposedly going to have a positive impact on crypto adoption, leveraging the messaging app’s user base.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided o
According to data from on-chain analytics company CryptoQuant, the Open Network (TON blockchain) reached $10 billion in daily transaction volume. The transaction volume ranges between $5 billion and $10 billion, indicating the platform’s popularity and impressive growth.
Bitcoin’s current average daily transfer volume is approximately $50 billion. As per CryptoQuant’s post, “TON has already achieved 10 percent of Bitcoin’s capacity.”
Also Read: TON Foundation and Tether unveils USDt global integration plan
While this is the most notable milestone, other on-chain metrics, including token holders, continue to increase steadily. The four-year-old blockchain, a product of the most popular messaging app, Telegram, is among the fastest-growing blockchains in the industry.
TON blockchain is currently ninth among all cryptocurrencies, with a market cap of over $2.45 billion. Its native token was trading at $7.25 at the time of writing.
TON blockchain’s appeal increases within the crypto community
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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