$TON Ecosystem Records 1800% Growth in Transaction Volume - Blockonomi Analytics

The TON (The Open Network) ecosystem has seen significant growth, with a 1800% increase in transaction volume over the last six months, reaching 1.2 million daily transactions. The network now has 900 million active users, primarily from CIS countries like Russia and Ukraine, with significant user bases in India, Brazil, and the U.S. TON hosts over 1,159 projects, including DeFi applications and cross-chain bridges.

Total Value Locked (TVL) in the ecosystem has surged to $350 million, driven by decentralized exchange (DEX) volume growth. Bitget Wallet has played a key role, contributing 17% of active addresses on TON and becoming the most downloaded Web3 wallet.

Challenges remain for TON, including low trading activity and limited lending options. The ecosystem will need to address its DeFi shortcomings, regulatory risks, and expand beyond CIS countries. Despite this, TON’s token value is expected to rise with market trends.