The Open Network (TON) is currently experiencing a surge in popularity, with various on-chain metrics skyrocketing. According to CryptoQuant, these metrics highlight the steady growth of TON.
On-chain metrics of $TON are going parabolic!
“The transfer volume ranges between $5.0B ~ $10.0B. For comparison, #Bitcoin’s average daily transfer volume is around $50.0B. This indicates that #TON has already achieved between 10% Bitcoin’s capacity.” – By @JA_Maartun
Read… pic.twitter.com/56VjsAGOwL
— CryptoQuant.com (@cryptoquant_com) June 20, 2024
TON Blockchain Transfer Volume Hits $10 Billion
One of the measures is the physical transfer volumes expressed in USD. CryptoQuant shared a chart that illustrates the total value of transactions made on the TON-Blockchain. The transfer volume is between $5 billion and $10 billion. For instance, Bitcoin averages daily throughputs of about $50 billion. This means, TON has already provided 10%
possibility, however, TON is only four years old.
The other significant statistic is the quantity of token owners on the TON network. The number of holders has risen dramatically in the course of the past year. Now there are 32 million of them – just one year ago it was 2.9 million. This is a tenfold increase within one year, which demonstrates that the TON-Token is becoming increasingly popular.
TON Set to Become Major Blockchain Player with Growing Demand
The sharp growth in the transfer volume and the number of holders also indicated the growing confidence and demand in The Open Network. With more users and transactions taking part in the network, TON is set to become a major player in the field of blockchain. This growth trend suggests that TON has a promising future; therefore, more investors and developers will be interested in TON.
Lastly, everything is going nicely with the on-chain metrics of TON, and its growth has been nothing but consistently impressive. Given that transfer volume can go up to $10 billion, and the holder count is 32 million. In this way, The Open Network is one of the rising blockchains. The tremendous rise in these indicators exemplifies the opportunities and the growing presence of TON in the crypto space.
