Unexpected news shook the crypto community: Telegram's TON (The Open Network) blockchain has overtaken Ethereum in terms of daily active addresses. This phenomenon raises many questions and offers a fascinating insight into the forces at play in this ecosystem.
The rise in power
TON's rise is impressive. This blockchain, backed by the popular messaging app Telegram, saw its daily active addresses surpass those of Ethereum throughout the last month.
According to a report from Delphi Digital, this growth is mainly attributed to Telegram's massive user base, which reaches around 900 million.
The wide distribution and easy integration of Telegram users into the TON ecosystem played a crucial role in this rapid increase.
Delphi Digital described this situation as a reversal, emphasizing that the success of YOUR could well be underestimated by some players in the crypto market.
However, the real question remains whether this meteoric growth is sustainable in the long term and whether YOUR can actually maintain its dominant position against a crypto giant like Ethereum.
Although it is tempting to directly compare YOUR In Ethereum, it is essential to note some important nuances.
For example, as of June 11, Ethereum's three main Layer 2 solutions (Arbitrum, Base, and Optimism) together had a total of 1.3 million daily active addresses. These layer 2 solutions play a key role in the Ethereum ecosystem, increasing its transaction processing capacity and reducing fees, in line with the roadmap defined by Vitalik Buterin, the co-founder of Ethereum.
Factors behind TON's growth
Several elements explain the recent increase in network activity YOUR. The integration of the stablecoin Tether (USDT) on YOUR certainly helped attract more users.
Additionally, the launch of Notcoin, a tap-to-earn token that allows users to earn rewards by completing various social challenges, was also a significant factor. Since its introduction five months ago, Notcoin has already attracted 35 million users.
Telegram didn't stop there. On June 6, the platform launched Telegram Stars, an in-app currency intended for digital purchases. This new feature has been well received by the crypto community, with rapid adoption across iOS and Android devices.
Telegram mini-apps, like Hamster Kombat, have also gained popularity, attracting millions of users every day. In this simulation game, players can increase their trading income by purchasing “upgrade cards” and completing quests.
Impact on the crypto ecosystem
The surge in activity on YOUR has significant repercussions on the entire crypto ecosystem. The rise of cryptocurrency-related features on Telegram, including trading bots and mini apps, has transformed the platform into a central hub for crypto enthusiasts.
For example, Hamster Kombat recently announced that it has become Telegram's most popular channel in terms of users, showing the far-reaching impact of these innovations. Moreover, Pixelversea Web3-based gaming ecosystem on Telegram, has raised $5.5 million in a funding round, with participation from leading crypto and Web3 gaming investors such as Delphi Ventures, Merit Circle And Mechanism Capital.
The impressive performance of YOUR facing Ethereum raises intriguing questions about the future of cryptocurrencies. While YOUR continues to grow thanks to Telegram's huge user base and constant innovations, Ethereum remains a major player with its layer 2 solutions and strong roadmap.
This situation reflects the dynamic and competitive nature of the crypto universe, where new forces are constantly emerging to challenge the established status quo. Either way, these developments are a vibrant testament to the continued innovation and resilience of the crypto ecosystem.
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