The Open Community (TON) blockchain has skilled a major surge in its on-chain metrics in 2024, with buying and selling quantity, whole worth locked, lively customers, and day by day transactions all rising significantly.
In keeping with Artemis information, the day by day common buying and selling quantity on TON’s decentralized exchanges (DEX) rose from a bit of over $2 million to $17.2 million in September — representing a 760% year-to-date development.
On-chain metrics surge
Artemis information reveals substantial development throughout key metrics for the community all through 2024. Every day lively addresses on TON rose from 26,274 in January to 902,737 in September — a 3,435% year-to-date development.
In the meantime, day by day transactions noticed a equally substantial spike, rising 12x from 232,286 in January to 2,823,801 in September.
Notably, customers’ confidence within the community has additionally grown this yr, with the overall worth locked (TVL) on the community up 8x to $741.3 million as of September, from roughly $76 million initially of the yr.
Moreover, a current Bitget analysis report identified that the broad surge in exercise impacted the community’s income from transaction charges. Customers’ spending with charges is roughly $75,000 day by day. This contributes roughly $37,500 day by day to TON blockchain validators.
On-chain gaming exercise
TON has established itself as a high community for on-chain gaming. A Sept. 12 report by DappRadar revealed that TON is the sixth-largest blockchain for gaming, with 177,000 common day by day distinctive lively wallets (UAW) in August.
The report additionally highlighted a correlation between nations with probably the most Telegram customers and TON’s utilization, with Russia accounting for a major quantity of the exercise on the community because of its 35 million Telegram customers.
Moreover, the Commonwealth of Impartial States (CIS) area as a complete exhibits heavy participation in TON dApps, with Belarus, Uzbekistan, Ukraine, and Kazakhstan among the many high 10 nations with probably the most interactions with Notcoin.
South Asian nations and third-world nations like Brazil and Nigeria additionally present vital participation, significantly in initiatives providing free token rewards.
