Tag Archives: Toncoin (TON)

One thing that Telegram mini-games proved is that crypto adoption doesn’t necessarily start by pushing complex technologies and burdensome onboarding processes that considerably hinder user experience. With just a few mechanics and clear in-game economies and rewards, Telegram-based crypto games made headlines throughout 2024, creating a fuss on social media and contributing a large chunk of growth to Telegram’s user base. All of this is thanks to The Open Network (TON), one...

The Open Network (TON), a layer-1 blockchain linked to the social platform Telegram, has attained a new milestone in its history. According to data from a CryptoQuant analyst, the L1 blockchain reached 100 million unique wallet addresses with non-zero balances. This marks a 95% surge in active users since the start of the year, which was “only” 4.3 million. What’s Behind TON’s Growth? TON’s surge in active users stems from its ties with Telegram. Although the social messaging...

The Open Network (TON) has continued to record outstanding growth as the protocol recently saw its active addresses outperform leading blockchains in the industry. According to data from the market intelligence platform IntoTheBlock, the number of daily active TON addresses surged to 3 million in the first week of September. Per the data, this figure exceeded the number of active addresses recorded on major Layer 1 networks, including Bitcoin and Ethereum. TON’s popularity...

TL;DR Toncoin (TON) saw a sharp drop from its June high, currently trading 40% lower amid negative news, leaving nearly 80% of its investors at a loss. On-chain metrics suggest that the asset’s price may tumble even more in the near future. TON Investors Take a Blow Toncoin (TON) experienced a real bull run at the start of 2024, with its price rising to a new all-time high of almost $8.20 in mid-June. However, the asset lost momentum towards the end of August and currently...

High centralization can lead to increased influence by a few entities, potentially undermining the decentralized ethos that crypto strives to uphold. However, centralization continues to be a major bone of contention in space. As such, popular project tokens – Polygon (MATIC) and Shiba Inu (SHIB) – have emerged as the leading examples of high concentration of holdings among top wallets. Centralization Concerns in MATIC and SHIB According to the data shared by Santiment,...

TL;DR A trader made a significant profit by buying and selling a new Telegram-related meme coin called DOGS. Earlier this month, though, another trader lost nearly $900,000 on a Trump-themed meme coin, highlighting the high-risk nature of the sector. The Substantial Profit The ever-evolving meme coin sector has been one of the highlights of the crypto industry in the past several months, spewing new tokens quite frequently. One of the latest is Dogs (DOGS), an asset...

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Pavel Durov, the founder and CEO of Telegram, was reportedly arrested in France on Saturday evening after getting out of his private jet. Local media said the reason for his apprehension was related to offenses committed by the popular messaging app. Citing unnamed sources, TF1info broke the news on Saturday evening, claiming that Durov was arrested at Le Bourget Airport, located northeast of Paris. Although he has French and UAE passports, the Russian embassy said it had...

The TON blockchain recorded yet another milestone as the number of active addresses on the project’s Masterchain has surged to an all-time high of 946 daily. According to CryptoQuant’s latest analysis, this marks a more than sevenfold increase since July 2021, highlighting the growing popularity and adoption of the network. New Milestone for TON While 946 active addresses might initially seem modest, it’s crucial to understand that the TON architecture is designed with...

Amidst increased network activity and the price rally of its native token, TON, The Open Network ecosystem is seeing a surge in phishing attacks. Unassuming users’ TON wallets are being lured through airdrops and other deceptive methods by attackers. Telegram Users With Anonymous Numbers At Risk Yu Xian – the founder of blockchain security firm SlowMist – issued a warning about these malicious activities primarily propagating through group chats, where attackers are...