The Open Network (TON) is currently witnessing a surge in popularity, as evidenced by the exponential growth of various on-chain metrics. According to CryptoQuant, these metrics showcase the steady expansion of TON.
The transfer volume on the TON blockchain has reached unprecedented levels, ranging between $5 billion and $10 billion. In comparison, Bitcoin’s average daily transfer volume hovers around $50 billion. This suggests that TON has already achieved 10% of Bitcoin’s capacity, despite being only four years old.
Another noteworthy metric is the number of token holders on the TON network. Over the past year, the number of holders has skyrocketed from 2.9 million to 32 million, a remarkable tenfold increase. This surge in popularity indicates a growing demand for the TON token.
The significant growth in both transfer volume and the number of holders reflects the increasing confidence and demand for The Open Network. With a growing user base and increasing transaction activity, TON is poised to become a major player in the blockchain industry. This upward trend suggests a promising future for TON, attracting more investors and developers to the network.
Overall, TON’s on-chain metrics demonstrate consistent and impressive growth. With transfer volumes reaching up to $10 billion and 32 million token holders, The Open Network is one of the emerging blockchains in the crypto space. These remarkable indicators exemplify the opportunities and growing presence of TON.