#ChartoftheDay According to data from The Block, the number of active addresses on TON exceeded 400k and reached 495k at its highest point, representing over 5,000% year-on-year growth.

TON is no doubt one of the hottest ecosystems in crypto right now. Many projects in the ecosystem utilize bots, and TON’s surge in popularity at the beginning of the year was also driven by trading bots. Trading and gaming are two categories that TON-based projects concentrate on. Unlike previous GameFi projects that pursue 3A quality, high-end gaming engines, and massive scale, games on TON are often simple mini-games that are super easy to start but require time spent to get economic incentives by completing various tasks.

Despite the buzz and good numbers, no “killer apps” have emerged yet. Most venture capital firms also stay on the sidelines as they consider where to invest their money.

The #TON ecosystem benefits from the ease of tapping into #Telegram 's vast user base to achieve adoption. However, at the current stage, it seems that the conversion is far from enough or thorough, with a large portion of the active addresses belonging to bots instead of real users.

Overall, the sustainability of the current activity still needs to be watched.