TON became the dark horse of the second quarter, with an increase of more than 40%! Can it continue to rise?

The open network Toncoin (TON) performed outstandingly in the second quarter and was the best performer among the top 50 tokens by market value. The report shows that the value of TON has soared by more than 40% in the past 90 days, making it the eighth largest cryptocurrency by market value.

During this period, the daily activity of the TON network surged to a new high, and its daily active addresses surpassed Ethereum at some point last quarter.

Following TON is the first-layer proof-of-work (PoW) blockchain Kaspa, whose native token KAS rose by about 41% during this period. This rise is related to the decision of Marathon Digital, the largest Bitcoin mining company, to start mining tokens of the PoW blockchain as part of diversified revenue. In addition, the three companies with the largest gains during the reporting period also include PEPE memecoin, which rose by 35%.

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