TON Coin has been gaining attention in the crypto community for quite some time now. One of the main reasons is the launch of tap-to-earn games. Recently, the DOGS project had a massive airdrop, and another one from Hamster Kombat is coming soon. But there’s more to why this coin could skyrocket soon.
A deeper look at the TON ecosystem
This altcoin originated from Telegram, the popular encrypted messaging app. It is not just a cryptocurrency, it is a part of an entire ecosystem. It serves as the native token for The Open Network blockchain. With Telegram having around 700 million monthly users, this coin is helping to bring Web2 users into the Web3 world. Telegram has even added the TON wallet to its mini-app. Many well-known tokens like Notcoin and DOGS have been launched on this blockchain. The highly anticipated token generation event of Hamster Fight The game will also take place on TON.
Current market situation
TON Coin has secured a spot in the top 10 cryptocurrencies by market cap. Currently, it is in 9th place with a market cap of $13.9 billion. The coin is currently trading at $5.49, which is 2.15% lower than the previous day’s price. Trading volume has decreased by about 76% in the last 24 hours, but this is due to network congestion.
Challenges and growth of TON blockchain
The TON blockchain recently experienced a rare slowdown due to an increase in on-chain activity, caused by the DOGS airdrop. Around four million users claimed their DOGS tokens, resulting in a spike of over 67,000 transactions per second. This overload caused the blockchain to shut down for around six hours.
In response, the official TON Blockchain account on X asked validators to fill out a form to collect crucial data. This step aims to assess the network’s ability to handle future loads and improve performance and stability.
Looking Ahead: The Future of TON
This is just the beginning for the TON blockchain and its currency. As more projects start building on it, the blockchain is expected to see significant growth. This growth could bring substantial profits to investors. The future looks bright for TON as it continues to grow.
