TON Blockchain Surpasses Ethereum in Important Measures
The TON blockchain has recently gained attention in the cryptocurrency community by surpassing Ethereum in several significant metrics. Throughout the first half of June, TON consistently outperformed Ethereum in various categories, showcasing its potential. One noteworthy accomplishment is TON’s price surge of 4.44% in the past 24 hours, reaching $7.9, and its market cap now exceeding $19 billion, making it the 9th largest by volume. This notable increase in price has sparked curiosity about the factors driving TON’s ascent.
How TON and Ethereum Compare?
One crucial metric to gauge their competition is the number of daily active addresses. Recent data from Artemis indicates the number of unique wallets transacting on both blockchains. TON has shown comparable values to Ethereum since May 17 and in fact has surpassed Ethereum on 10 out of the first 11 days of June, which is quite impressive.
On June 3, TON achieved a significant milestone with 568,300 active addresses, a figure Ethereum had not seen since September 13, 2023. However, it’s important to consider that Ethereum’s Layer-2 solutions handle a substantial portion of its transactions. For instance, on June 11, the total number of daily active addresses for Ethereum’s top 3 Layer-2 solutions—Arbitrum (ARB), Base, and Optimism (OP)—reached 1.3 million.
What Drives TON’s Surge?
Multiple factors seem to be contributing to the recent uptick in the TON ecosystem. The strong support from Telegram, as well as increased awareness through mini applications, has played significant roles. One particular example is Notcoin, which has attracted millions of users and distributed rewards, thereby benefiting the TON ecosystem.
Notcoin entered the market in May, following its gaming phase, and quickly gained attention with its reward system. Currently positioned at 49th place with a market value of $1.9 billion, Notcoin has noticeably influenced TON’s rise in interest and market value.
Key Takeaways for Users
Key takeaways from TON’s performance include:
– TON has outperformed Ethereum in terms of active daily addresses for most of June.
– The rise in TON’s market value can be attributed to significant community engagement and increasing usage of applications.
– Support from major platforms like Telegram has been instrumental in driving TON’s growth.
– Applications such as Notcoin have significantly contributed to boosting TON’s ecosystem and presence in the market.
In conclusion, TON’s impressive performance compared to Ethereum in vital metrics highlights its burgeoning influence and the factors that contribute to its success. The ongoing competition between these blockchain giants will surely be closely monitored by the cryptocurrency community.