Riding high on a wave of user adoption, the TON blockchain project is seeing its native token, Toncoin, hit new highs. Toncoin has surged over 400% this year, reaching a peak of $8.17 in June. Experts point to Telegram's massive user base of 900 million as a key driver, with millions potentially entering the crypto space through TON.
This momentum is likely to get another boost thanks to a recent listing on Bitget, a leading cryptocurrency exchange. With this influx of new funds and users, TON's ecosystem is flourishing. The number of active addresses on the TON blockchain has surpassed Ethereum's for nearly a month straight, showcasing its growing adoption.
Additionally, the total value locked (TVL) in the TON ecosystem has skyrocketed to $600 million, fueled by new projects and assets built on TON. With strong user adoption and a strategic partnership with Bitget, TON's future looks bright.