Telegrams TON Blockchain Overtakes Ethereum in Daily Active Users

Telegram’s TON Blockchain Surpasses Ethereum in Daily Active Users
Telegram’s revolutionary “The Open Network” (TON) blockchain has been consistently outshining Ethereum in terms of daily active users this month. A recent report by Delphi Digital, a leading firm, has highlighted TON’s remarkable growth, pointing out that its daily active users have exceeded those of Ethereum. This achievement has been attributed to Telegram’s massive user base of 900 million. Delphi Digital has dubbed this phenomenon “The Flippening CT ignores” and emphasized that TON’s success is largely dependent on Telegram’s widespread reach. However, questions have been raised about whether this growth can be sustained in the long term to permanently surpass Ethereum.
TON and Ethereum are neck-and-neck when it comes to active users. Data from Artemis, which defines daily active users as the number of unique wallets engaging in transactions on a blockchain each day, shows that TON and Ethereum have been closely competing since May 17. TON took the lead at the beginning of June, surpassing Ethereum on 10 out of the 11 days so far. On June 3, TON reached a record high with 568,300 daily active users, a level that Ethereum hasn’t seen since September 13, 2023. Despite these impressive numbers, it’s important to consider the broader context. Ethereum has been actively migrating transactions to layer 2 scaling solutions, which have attracted significant user activity. This makes a direct comparison between the two somewhat unfair. For example, on June 11 alone, three of Ethereum’s top layer 2 solutions—Arbitrum, Base, and Optimism—boasted a combined 1.3 million daily active users. Vitalik Buterin, the co-founder of Ethereum, has been advocating for the use of layer 2 solutions to scale the main blockchain as part of Ethereum’s roadmap.
TON’s recent surge in network activity can be attributed to various factors, including the integration of Tether (USDT) stablecoin on TON and the 35 million users who have joined Notcoin since its launch five months ago. Notcoin is a “tap-to-earn” token that users can earn by completing social challenges. Additionally, Telegram introduced Telegram Stars, an in-app currency for digital purchases, on June 6. Telegram’s messaging platform has become a popular destination for crypto enthusiasts, with trading bots gaining significant popularity among users.
In a recent development, Telegram launched a new digital payment feature called “Telegram Stars,” allowing users to make in-app purchases. The feature is compatible with both iOS and Android devices, coinciding with the surge in Telegram’s mini apps, with millions of users joining every day. One of the mini apps that has been gaining traction on Telegram is Hamster Kombat, a simulator game where players can increase their exchange income by purchasing “upgrade cards” and completing quests. Hamster Kombat recently announced reaching millions of subscribers and becoming the top channel on Telegram in terms of users. Additionally, Pixelverse, a Web3 Telegram-based gaming ecosystem, recently raised $5.5 million in a capital raise, with participation from top investors in the crypto and Web3 gaming space, including Delphi Ventures, Merit Circle, and Mechanism Capital. Stay updated by following us on Google News.