The Open Network ($TON) is making waves in the world of USDT trading, with growing adoption and increased transaction volumes.
On September 9, 2024, $TON recorded an impressive $1.2 billion in trading volume and hit 1.5 million unique holders, signaling its rising presence in the market.
While $TON’s growth is notable, Tron and Ethereum still dominate the USDT on-chain volume, with $98.1 billion and $34.3 billion traded, respectively, on the same day.
https://twitter.com/felixreads/status/1836459654144016592?t=HqIANT9fcl9anQaKSKJGwQ&s=19
$TON has been outperforming other major Layer 1 blockchains in terms of active addresses, surpassing 3 million daily active addresses in the first week of September. This surge in activity reflects the increasing interest in The Open Network’s ecosystem and its expanding role in the broader blockchain space.
Active $TON addresses have outpaced those on other major Layer 1 blockchains, reaching a daily average of over 3 million in the first week of September pic.twitter.com/LU3J4GnWnX
— IntoTheBlock (@intotheblock) September 18, 2024
Total Value Locked (TVL) in the TON Ecosystem
The $TON ecosystem continues to grow, with several protocols showing significant Total Value Locked (TVL) figures:
1. @tonstakers: $214.36M TVL
2. @ston_fi: $192.04M TVL
3. @dedust_io: $157.73M TVL
4. @bemo_finance: $75.69M TVL
5. @CygnusFi: $52.54M TVL
6. Stakee: $33.31M TVL
7. @evaaprotocol: $32.02M TVL
8. @storm_trade_ton: $26.07M TVL
9. @hipofinance: $3.45M TVL
10. @Megaton_Fi: $2.06M TVL
TVL Overview of @ton_blockchain Ecosystem
Let’s go over top protocols on @ton_blockchain with largest TVLs
Don’t forget to share with us your thoughts about these projects
Like, retweet to support us #TON #TONdegen pic.twitter.com/BmDC1lUAoU
— TON Degen (@DegenonTON) September 19, 2024
These platforms have helped drive the $TON ecosystem’s growth, offering users various staking, lending, and trading services.
As $TON continues to expand its influence in USDT trading and attract more active users, its ecosystem looks poised for further growth. With strong adoption metrics and increasing TVL, $TON is rapidly becoming a key player in the crypto landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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