Telegram Open Network (TON) Active Addresses Skyrocket by 228% in a Month
CryptoNewsTerminal Staff05 Jun, 2024
Telegram Open Network (TON) Active Addresses Skyrocket by 228% in a Month
Jamie Coutts, a cryptocurrency markets analyst at Bloomberg Intelligence, has reported a significant surge in the activity of Telegram Open Network (TON). According to Coutts, TON's daily active addresses (DAU) have increased by an impressive 228% in the past month. This growth in activity is a testament to the growing popularity of TON, which is a blockchain platform developed by Telegram. TON's fully diluted value (FDV) currently stands at $34 billion, indicating that it is not undervalued. However, given the massive 800 million DAU of the Telegram ecosystem, TON has immense potential for further growth. The surge in TON's active addresses suggests that the platform is gaining traction and attracting users. This growth is likely to continue as Telegram continues to develop and expand its ecosystem. With its strong fundamentals and large potential user base, TON is well-positioned to become a major player in the blockchain space.
