- The Open Network (TON), a rapidly growing user base, is beginning to outpace its competitors.
- According to information shared by blockchain platform Santiment, the number of non-empty wallets in Bitcoin has reached a record high of 53.85 million. There are more than 120 million filled wallets on the Ethereum network.
- Although this number is much lower on the TON network, TON is showing the fastest growth among the largest cryptocurrencies.
TON, a decentralized network developed by Telegram and launched in 2018, is making waves in the crypto world with its rapid growth and increasing user base.
Record Highs in Bitcoin and Ethereum Wallets
Blockchain platform Santiment has revealed that the number of non-empty wallets in Bitcoin has reached a record high of 53.85 million. This milestone indicates an increasing interest and investment in Bitcoin. Meanwhile, the Ethereum network is not far behind, boasting over 120 million filled wallets.
Rapid Growth of The Open Network (TON)
Despite the impressive figures from Bitcoin and Ethereum, it’s The Open Network (TON) that’s stealing the spotlight. Although the number of filled wallets on the TON network is significantly lower, TON is showing the fastest growth among the largest cryptocurrencies. This rapid expansion of the user base is a positive sign for the network’s future.
TON’s Cryptocurrency, Toncoin
TON’s cryptocurrency, Toncoin, has gained more than 9% in value over the past week. This increase in value, coupled with the network’s rapid growth, makes Toncoin an attractive investment. In fact, Pantera Capital, which manages over $5 billion in assets, announced last week that it had invested in the TON network.
Conclusion
The Open Network (TON) is demonstrating impressive growth in the crypto market. Despite having fewer filled wallets than Bitcoin and Ethereum, its rapid expansion and the increasing value of its cryptocurrency, Toncoin, make it a network to watch. With major investment firms like Pantera Capital backing it, TON could potentially become a significant player in the crypto world.
