TON Surpasses Bitcoin and Ethereum in Daily Active Addresses

The Open Network ($TON ) has recently achieved a significant milestone, surpassing prominent blockchains like Bitcoin and Ethereum in terms of daily active addresses. With USDT trading volumes on the network reaching a notable $1.2 billion, $TON is cementing its place among the leading Layer 1 (L1) blockchains.

According to data from market intelligence platform IntoTheBlock, TON's daily active addresses surged to 3 million in the first week of September. This remarkable growth has outpaced Bitcoin and Ethereum, attracting increasing attention from developers, investors, and users alike, and positioning as $TON a strong competitor in the blockchain space.

USDT Trading Volume Soars on TON

In addition to its impressive user activity, TON has seen a significant rise in on-chain trading volumes, particularly in stablecoin transactions. The network is now among the top platforms for USDT (Tether) trading, with IntoTheBlock reporting a $1.2 billion trading volume on September 9, and 1.5 million unique holders on the blockchain.

While TON's USDT trading volume is noteworthy, Tron remains the leader in this space with a $98.1 billion trading volume on the same day, followed by Ethereum at $34.3 billion. Analysts believe the surge in TON’s USDT trading reflects increasing adoption and interest within the TON ecosystem. Notably, Tether launched USDT on TON earlier this year, contributing to this growth.

The Next Big Growth Opportunity

The rising adoption of TON-based decentralized applications (dApps) such as Hamster Kombat and Notcoin has also played a key role in driving the network’s expansion. These popular tap-to-earn projects have significantly increased user engagement on TON in recent months.

In recognition of this growth, TON recently secured a $30 million investment from cryptocurrency exchange Bitget and Foresight Ventures, aimed at fostering further development of tap-to-earn projects on the platform.

As TON's ecosystem continues to grow rapidly, many experts see it as one of the most promising opportunities in the crypto market this year.