Crypto : The incredible growth of the TON Blockchain !

The TON blockchain, once developed by Telegram, has just surpassed a decisive milestone : 100 million active users. This figure indicates rapid and massive adoption, propelled by a series of technological developments within the ecosystem. However, this rise brings attention to the mixed performance of Toncoin, the native cryptocurrency of TON.

An explosion of users linked to Telegram

The TON blockchain, initially developed by Telegram before being taken over by an independent team, has witnessed spectacular growth this year. According to CryptoQuant data, the platform now boasts 100 million active wallets with a positive balance, compared to only 4.3 million at the beginning of the year. This 95 % increase is largely attributable to Telegram’s initiatives, which integrated a crypto wallet directly into its application in September 2023.

Besides this integration, the emergence of “tap-to-earn” games in the messaging app played a crucial role in this growth. Titles like Notcoin and Hamster Kombat have captured the attention of millions of users, thus encouraging them to join the TON ecosystem. Moreover, these games allow users to earn tokens by completing simple tasks, thereby enhancing the adoption of the blockchain. This playful strategy has helped to democratize access to the blockchain among the general public, by transforming Telegram members into TON users.

Toncoin : performance mismatched with the growing popularity of TON

However, behind this significant growth lies a more complex economic reality for Toncoin. Despite the rapid development of the ecosystem, the native cryptocurrency of TON struggles to keep up. In fact, Toncoin is trading at $5.22, a 37 % decline from its all-time high of $8.24 reached in June 2024. Nearly 80 % of Toncoin holders are currently at a loss.

This situation is partly explained by the inherent volatility of the crypto market, but also by the rapid rise of the blockchain, which has not yet fully impacted the value of its asset. While investors remain optimistic about a future recovery of Toncoin as the TON ecosystem continues to grow, the current depreciation raises doubts.

The explosion of users on the TON blockchain is a promising sign for the adoption of decentralized technologies, but it should not overshadow the current economic challenges faced by Toncoin investors. While Telegram continues to attract millions of users to its ecosystem, the performance of the native cryptocurrency remains out of sync with this popularity, despite the billion transactions.