In just the last month, TON has experienced remarkable growth, with the number of accounts doubling to 14.1 million. It marks an extraordinary 104% increase month-on-month. This record growth in accounts highlights the TON ecosystem’s growing influence and reachability, consolidating its position as a strong player in digital finance and ownership for decentralized finance.
The number of accounts (smart contracts) on @ton_blockchain has doubled over the last month – 14.1M (+104% m-o-m) pic.twitter.com/dj6pNzkEsQ
— Anthony Tsivarev | anthony.ton (@AnthonyTsivarev) April 12, 2024
TON Developers Introduce $5M Reward Program for Identity Verification
TON is championing the development of the Web3 ecosystem on its platform, making it easier for billions of users globally to own real digital assets, thus promoting global decentralized finance and cryptocurrency consumption. TON has become the ninth-largest cryptocurrency by market capitalization.
Following the 13% single-day price surge, comprising 10%, its value stood at $6.65 with a market cap of $23 billion. The CoinMarketCap data show that its market capitalization has thus surpassed ADA’s $22 billion market capitalization. The momentum comes from TON Society developers’ statement announcing a $ 5 million reward program for participants as an act to verify identity in the next five years for all Telegram users.
TON Price Outperforms ADA, Surging 135% in Last Month
The developers announced that a million tokens would be awarded to every person who would opt into the proof of personhood initiative. TON’s performance in terms of price has outperformed $ADA during the last month having surged more than 135%, while ADA prices have shrunk by 15%.
In total, during the current year, TON prices have rallied up to 183% representing the token’s overwhelming growth and potential in the cryptocurrency market. TON has set aside a $115 million community reward package to boost its ecosystem and consumer appetite.