The Open Network ($TON) Sees Rapid Growth In USDT Trading And Active Addresses

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.

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

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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Source: https://nulltx.com/the-open-network-ton-sees-rapid-growth-in-usdt-trading-and-active-addresses/