Bitget Research Report Highlights TON Ecosystem Transaction Volume Surged 1800% in Under Six Months<\/p>\n<\/div>\n

The TON ecosystem has experienced a 12x spike from 100,000 to 1.2 million in daily transaction volume over the year. TVL currently stands at $350 million, up 18 times (approx. 1800%) in under 6 months, driven by DEX trading volume growth, from $2 to $40 million from the start of the year. The growing adoption of the ecosystem also spurred the native TON token\u2019s price to an average of $5.5.<\/p>\n

\u201cTON\u2019s ecosystem is rapidly gaining traction, particularly among tech-savvy enthusiasts eager to explore its innovative approach to decentralized solutions. At Bitget, we\u2019ve witnessed a significant influx of users participating in TON-related projects, driven by its unique community engagement and seamless integration with exchanges. Recent standout projects such as DOGS have attracted massive interest, and with exciting upcoming launches like CATI and HMSTR, we\u2019re committed to supporting and fostering the growth of these groundbreaking initiatives,\u201d said\u00a0Gracy Chen, CEO of Bitget<\/strong>.<\/p>\n

The report shows TON\u2019s extensive integration with Telegram, which has led to the popularization of multiple on-chain gaming apps and bots, contributing to massive user influx and trading volume rises. The ecosystem has also been active in terms of collaboration with USDT through the TON Foundation, as well as HashKey Group, Fireblocks, DWF Labs, and others.<\/p>\n

The TON ecosystem\u2019s attractiveness is based on its significant differences from Ethereum, offering a multi-chain architecture, asynchronous smart contract calls, proxy solutions, and more. The report highlights that the unique features of TON open up enormous growth potential for the system.<\/p>\n

\u201cIntegrating with the TON and Telegram ecosystem has been a game changer for Bitget Wallet. By tapping into Telegram\u2019s vast user base, we\u2019ve seamlessly bridged Web2 and Web3, creating a smooth and accessible experience for millions,\u201d said\u00a0Alvin Kan, COO at Bitget Wallet.\u00a0<\/strong>\u201cThis has fueled our growth to over 30 million user base with 12 million monthly active users, and makes us the No. 1 Web3 wallet by app downloads worldwide. It\u2019s clear that the future of Web3 lies in making it intuitive and integrated with platforms people are already familiar with,\u201d he added.<\/p>\n

Bitget Wallet is now used by 68% of Telegram game users, contributing 17% of active addresses on the TON network in the current month. By seamlessly integrating with Web2 social platforms like Telegram, Bitget Wallet became the Most Downloaded Web3 wallet for two consecutive months, and surpassed 12 million monthly active users.<\/p>\n

Nevertheless, TON suffers from low trading activity and poor lending options. DeFi, lending, gaming and other sectors push demand for the ecosystem\u2019s services. To counter slow growth, the TON ecosystem will have to address its DeFi shortcomings, expand beyond the CIS, and tackle regulatory challenges.<\/p>\n

This Bitget report concludes by stating that the TON blockchain will continue to rely on the user base of Telegram, but will likely trend towards \u201cde-Telegramization\u201d in the long run to mitigate regulatory risks associated with Telegram. Other projections mentioned in the report state that the TON token is expected to rise in tandem with broader market trends, and the development of the TON ecosystem will attract more traditional users to the cryptocurrency market.<\/p>\n