Telegram Launch Anniversary Spurs TON's Momentum
CryptoNewsTerminal Staff14 Aug, 2024
Telegram Launch Anniversary Spurs TON's Momentum
## 11th Anniversary of Telegram Launch Fuels TON's Upward Trajectory The TON ecosystem specialist X, The TON Report, has highlighted the strong momentum surrounding the TON blockchain, closely tied to Telegram. As the 11th anniversary of Telegram's launch approaches on August 14, 2024, TON has experienced notable growth. In the past 24 hours, TON has surged by approximately 14%, with its market capitalization surpassing $17 billion. The listing of DOGS, a Telegram-based meme coin, on major exchanges has further fueled the demand for TON. Key indicators such as trading volume, TVL, and the number of large on-chain transactions exceeding $100,000 have seen significant increases, reflecting the growing adoption and usage of the TON blockchain. This upward momentum coincides with the 11th anniversary of Telegram, underscoring the strong connection between the two platforms and the potential for continued growth within the TON ecosystem.
