The Open Network has continued to experience increased usage and popularity in the course of 2024. Some of the statistics, including unique daily active addresses (DAA) and daily transactions, have risen sharply, with now outpacing Ethereum in these areas since June.
This growth shows that TON is gradually being adopted by users, especially within the Telegram environment where casual games have played a significant role in boosting its adoption.
Moreover, the total value locked (TVL) on TON has risen dramatically, reflecting increased user engagement with the network. Data from DefiLlama shows that TVL on TON grew from $22.92 million in March to an all-time high of $776.6 million in July. Although there has been a slight decrease since then, the current TVL remains robust, supporting the ongoing demand for Toncoin.
