BTC 0.52%
ETH -0.02%
SOL 2.19%
PEPE -2.35%
SHIB -3.01%
BNB 0.67%
DOGE -2.51%
XRP -1.01%
Pepe Unchained ($PEPU)
The Hottest Presale

Telegram’s TON Blockchain Surpasses Ethereum in Daily Active Addresses

Ruholamin Haqshanas
Last updated: | 2 min read
Telegram's TON Blockchain Surpasses Ethereum

Telegram’s “The Open Network” (TON) blockchain has been consistently outperforming Ethereum in terms of daily active addresses throughout this month.

In a recent post on X, Delphi Digital, a prominent firm, highlighted TON’s impressive growth.

They pointed out that TON’s daily active addresses have surpassed Ethereum, attributing this achievement to Telegram’s colossal user base of 900 million.

Delphi Digital referred to it as “The Flippening CT ignores” and emphasized that TON’s success relies on Telegram’s wide distribution.

However, they also raised questions about whether this growth can be sustained long-term to permanently surpass Ethereum.

TON and Ethereum Head to Head in Terms of Active Addresses

Data from Artemis, which defines daily active addresses (DAA) as the number of unique wallets engaging in transactions on a blockchain each day, demonstrates that TON and Ethereum have been closely competing since May 17.

TON gained an edge at the beginning of June, surpassing Ethereum on 10 out of the 11 days so far.

On June 3, TON set a record with 568,300 DAAs, a level Ethereum hasn’t reached since September 13, 2023.

Despite these impressive figures, it’s important to consider the broader context.

Ethereum has been actively pushing transactions to layer 2 scaling solutions, which have attracted significant user activity.

This makes it somewhat unfair to compare the two directly.

For instance, on June 11 alone, three of Ethereum’s top layer 2 solutions—Arbitrum, Base, and Optimism—boasted a combined 1.3 million daily active addresses.

The Ethereum co-founder, Vitalik Buterin, has been a proponent of using layer 2 solutions to scale the main blockchain, as part of Ethereum’s roadmap.

TON’s recent surge in network activity could be attributed to several 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 various social challenges.

Additionally, Telegram introduced Telegram Stars, an in-app currency for digital purchases, on June 6.

Telegram’s messaging platform has also become a popular hub for crypto enthusiasts, with trading bots gaining significant traction among users.

Telegram Launches Digital Payment Feature

Last week, Telegram launched a new digital payment feature dubbedTelegram Stars,allowing users to make in-app purchases.

The ‘Stars’ is compatible with both iOS and Android devices.

The move comes with the recent surge in Telegram’s mini apps with millions of users joining every day.

One of the mini apps that have been gaining traction recently, mostly on Telegram is Hamster Kombat.

In this simulator game, players can increase their exchange income by buying “upgrade cards,” and completing quests.

Earlier this month, Hamster Kombat announced gaining millions of subscribers and becoming the No.1 channel on Telegram in terms of users.

More recently, Pixelverse, a Web3 Telegram-based gaming ecosystem, raised $5.5 million in a recent capital raise.

The funding round saw participation from top investors in the crypto and Web3 gaming space, including Delphi Ventures, Merit Circle, and Mechanism Capital.