The decentralized layer-1 blockchain, The Open Network , has grown into one of the most popular chains and is seeing high activity as users flock to the ecosystem.that the network’s on-chain metrics are skyrocketing, with its daily transfer volume reaching 10% of Bitcoin’s figures. These parabolic metrics highlight the network’s unwavering growth.The average daily transfer volume of Bitcoin is $50 billion.
Besides the surge in the total value of transactions conducted daily on the TON blockchain, the number of on-chain holders of The Open Network’s native token, Toncoin , has skyrocketed. The analyst disclosed that the number of TON holders has risen 10x from 2.9 million a year ago to 32 million at the time of writing. This surge highlights the growing popularity of TON and its base network.that TON’s total value locked doubled within three weeks to reach an all-time high.
In addition, TON unveiled The Open League program in early April, introducing a long-term incentive program for TON users, teams, and traders. Through the program, the TON Foundation will disburse 30 million TON worth roughly $188 million to community members through airdrops, quests, and liquidity pools on the network’s decentralized exchanges.
Also, the presence of decentralized exchanges like Ston.fi and Dedust, as well as liquid staking projects, including Tonstakers and Bemo, have experienced significant TVL growth in the past two weeks, contributing to theWhat is Notcoin ? The Viral Token Coming to The Open NetworkSign-up FREE to receive our extended weekly market update and coin analysis report
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