The Open Network (TON) Foundation has announced the launch of Season 4 of its innovative Open League, signaling a new phase in its mission to expand and energize its blockchain ecosystem. The Open League, a key component of TON’s community engagement efforts, has played a pivotal role in propelling the network ahead of Ethereum in terms of daily active addresses.
This increase in user engagement is more than just a numerical achievement – it is a strong validation of TON’s growing influence in the cryptocurrency world. The success of the initiative is evident in the significant influx of users, attracted by the network’s commitment to financial independence and digital sovereignty.
Strategic advancements and community rewards have been instrumental in TON Foundation’s recent successes. The integration of USDt and the smooth functioning of Telegram Mini Apps have made user interactions more straightforward, making the blockchain accessible to a wider audience.
In the past month alone, these initiatives have led to the onboarding of over 841,170 Notcoin users, showcasing the scalability and user-friendly nature of the TON blockchain. Since the launch of the League’s pilot program in March, key metrics have seen a remarkable increase:
– Daily active wallets have surged by 1,403%, indicating a lively and engaged community.
– Total Value Locked (TVL) in DeFi has reached $320.2 million, showcasing strong participation in financial applications.
– The average number of daily transactions has grown to 4.2 million, highlighting the network’s operational efficiency.
Over the last three months, the TON community has been generously rewarded, with distributions totaling around $40 million. These rewards have not only incentivized participation but have also fostered a vibrant ecosystem of developers and enthusiasts.
Looking ahead to Season 4, major innovations are being introduced with the merging of the Major and Minor Leagues, streamlining the competition and focusing on nurturing top-tier projects. The top 10 projects at the end of the season will receive substantial support and liquidity boosts, paving the way for continued growth and innovation in Season 5.
Jack Booth, the Director of Marketing at TON Foundation, expressed enthusiasm for the upcoming season, stating, “The past three months have shown that the community is embracing our vision of a fun, transparent, and rewarding ecosystem model. TON is the blockchain for mass adoption: simple, engaging systems introduce new users to TON in Telegram, putting crypto in every pocket.”
The Open Network is steadfast in its mission to integrate cryptocurrency into everyday life through Telegram Messenger. With a strategic objective to empower 500 million users to own their digital identity, data, and assets by 2028, TON is paving the way for widespread adoption of blockchain technology. Through initiatives like The Open League, TON is not only constructing a blockchain but also cultivating a community ready to transform the digital landscape.