According to CryptoQuant, TON has topped $729 million USDT just four months after merging with Telegram. Experts project TON’s ongoing climb within the crypto ecosystem as low transfer fees and increasing acceptance drive usage in distributed exchanges and P2P transactions.
TON is rapidly expanding with $729M USDT in just 4 months since its integration into Telegram.With low transfer fees and growing adoption in P2P transactions and DEXs, $TON is poised for major growth. Want the full breakdown? Read our full report https://t.co/e7nJDc7LOn pic.twitter.com/tZtsF3XwJz
— CryptoQuant.com (@cryptoquant_com) September 13, 2024
The Open Network (TON) is a decentralized and open internet platform comprised of multiple components. These include the TON Blockchain, TON DNS, TON Storage, and TON Sites. TON Blockchain is the primary protocol that connects TON’s underlying infrastructure to construct the larger TON Ecosystem. TON is committed to enabling extensive cross-chain interoperability within a highly scalable, safe architecture.
USDT on TON fits for quick P2P value transfer adoption. The median transfer amount, which ranges from low values of $15 to $100, shows regular smaller transactions common in daily retail operations. The constantly low median transfer charge on TON—four cents—makes these transactions financially feasible for users.
USDT On TON Blockchain
TON’s ecosystem of USDT is primarily influenced by interactions between three basic categories of entities: decentralized exchanges (DEXs), centralized exchanges (CEXs), and various wallet services. DEXs Ston.Fi is one of the most important entities that helps to facilitate these interactions.
Cryptocurrency wallet services such as XRocket, CryptoBot, Wallet Bot, and CWallet, as well as centralized exchange addresses like Ston.Fi, Dedust, and StormTrade. A bigger weight of user adoption is likely from wallet programs that concentrate on peer-to-peer USDT transactions, according to the data on transaction counts. P2P file transfer applications have the potential to expand due to this.
