As an experienced blockchain analyst, I have closely followed the cryptocurrency market and its trends for several years. Based on my observations and research, I believe that Toncoin (TON) has outperformed most other layer-1 tokens this year due to two primary reasons: a surge in transfer volume and a significant increase in the number of holders.
Among all the major layer-1 tokens this year, Toncoin (TON) has taken the lead with a remarkable gain of more than 220%. This impressive surge surpasses the growth of Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Cardano (ADA) by significant margins. Ethereum, Binance Coin, and Solana have risen by approximately 55%, 80%, and 40% respectively, whereas Cardano has experienced a decline of around 30%.
Maartunn, a seasoned blockchain analyst, penned down two explanations in a note as to why TON has surpassed the majority of layer-1 tokens. Initially, he highlighted the significant surge in TON’s transfer volume, which ranged from $5 billion to $10 billion.
Compared to Bitcoin‘s daily transfer volume of approximately $50 billion, TON has managed to process around ten percent of this amount.
“Additional measures support this hypothesis. For instance, the amount of funds secured within Ton’s network, known as Total Value Locked (TVL), has surpassed $923 million, ranking it as the 12th largest blockchain in terms of TVL.”
As a financial analyst, I’ve observed an impressive surge in the stablecoin market, with a total volume exceeding $450 million. A significant portion of these stablecoins is housed within the Ton ecosystem, specifically platforms such as DeDust, STON.fi, Tonstakers, and Stakee.
TON holders have soared
Expert Point: The expert pointed out that the number of TON holders has surged past 34.5 million, marking a significant leap from the 2.9 million reported last year. This represents a staggering tenfold increase within a single year, and the growth momentum may persist in the upcoming months.
As a researcher studying the Telegram blockchain ecosystem, I’ve discovered an intriguing development that could significantly increase the number of TON holders. The imminent launch of TapSwap, a widely-used tap-to-earn platform on this network, is set to draw in over 50 million users. TapSwap has chosen Toncoin as its preferred blockchain, making it an exciting prospect for the TON community.
Due to the explosive growth of Toncoin’s ecosystem and a significant increase in the number of holders, the price of Toncoin has experienced a notable surge.
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2024-06-19 17:58