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The Open Network (TON) blockchain has experienced a important surge successful its on-chain metrics successful 2024, with trading volume, full worth locked, progressive users, and regular transactions each increasing considerably.
According to Artemis data, the regular mean trading measurement connected TON’s decentralized exchanges (DEX) roseate from a small implicit $2 cardinal to $17.2 cardinal successful September — representing a 760% year-to-date growth.
On-chain metrics surge
Artemis information reveals important maturation crossed cardinal metrics for the web passim 2024. Daily progressive addresses connected TON roseate from 26,274 successful January to 902,737 successful September — a 3,435% year-to-date growth.
Meanwhile, regular transactions saw a likewise important spike, increasing 12x from 232,286 successful January to 2,823,801 successful September.
Notably, users’ assurance successful the web has besides grown this year, with the full worth locked (TVL) connected the web up 8x to $741.3 cardinal arsenic of September, from astir $76 cardinal astatine the commencement of the year.
Furthermore, a caller Bitget probe report pointed retired that the wide surge successful enactment impacted the network’s gross from transaction fees. Users’ spending with fees is astir $75,000 daily. This contributes astir $37,500 regular to TON blockchain validators.
On-chain gaming activity
TON has established itself arsenic a apical web for on-chain gaming. A Sept. 12 report by DappRadar revealed that TON is the sixth-largest blockchain for gaming, with 177,000 mean regular unsocial progressive wallets (UAW) successful August.
The study besides highlighted a correlation betwixt countries with the astir Telegram users and TON’s usage, with Russia accounting for a important magnitude of the enactment connected the web acknowledgment to its 35 cardinal Telegram users.
Furthermore, the Commonwealth of Independent States (CIS) portion arsenic a full shows dense information successful TON dApps, with Belarus, Uzbekistan, Ukraine, and Kazakhstan among the apical 10 countries with the astir interactions with Notcoin.
South Asian countries and third-world nations similar Brazil and Nigeria besides amusement important participation, peculiarly successful projects offering escaped token rewards.
The station TON blockchain sees explosive 3,435% maturation successful regular progressive addresses implicit 2024 appeared archetypal connected CryptoSlate.
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