The Open Network (TON) Records Outstanding Growth, Outperforming Leading Blockchains in the Industry

The Open Network (TON) has continued to record outstanding growth as the protocol recently saw its active addresses outperform leading blockchains in the industry.

The Open Network (TON) has achieved remarkable growth, with its active addresses surpassing those of leading blockchains.

According to data from IntoTheBlock, TON's daily active addresses reached 3 million in the first week of September.

This figure exceeded the number of active addresses on major Layer 1 networks, including Bitcoin and Ethereum. TON's popularity has surged due to its dApps, attracting attention from developers, investors, and users.

USDT Trading Volume on TON Surges

TON has also experienced 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 September 9.

Tron, however, remains the biggest blockchain for USDT trading, with a trading volume of $98.1 billion recorded on September 9. It was followed by Ethereum with $34.3 billion.

According to analysts, the surge in TON's USDT trading highlights 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 contributed significantly to the network's growth. These tap-to-earn projects have increased user activity on the TON blockchain over the past few months.

Consequently, TON received a $30 million investment from crypto exchange Bitget and Foresight Ventures yesterday to boost the development of tap-to-earn projects.

As the network's popularity continues to soar, market experts believe that the TON ecosystem is “the biggest growth opportunity” in the crypto market this year.

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