In 2024, the Open Network (TON) blockchain has experienced a substantial rise in on-chain indicators, including trade volume, total value locked, active users, and daily transactions.
Artemis data indicates a 760% year-to-date increase in the daily average trading volume on TON’s decentralized exchanges (DEX). The number of daily active addresses on TON increased from 26,274 in January to 902,737 in September, while daily transactions surged 12-fold from 232,286 in January to 2,823,801 in September.
Users’ faith in the network has increased, with the total value locked (TVL) rising eightfold to $741.3 million as of September. The increase in activity has affected the network’s revenue from transaction fees, with users expending approximately $75,000 daily, resulting in about $37,500 daily for TON blockchain validators.
TON has positioned itself as a premier network for on-chain gaming, recording an average of 177,000 unique active wallets daily in August.
The Commonwealth of Independent States region exhibits significant engagement in TON dApps, with Belarus, Uzbekistan, Ukraine, and Kazakhstan ranking among the top 10 nations for interactions with Notcoin.
