What we are looking at is a 2,000% growth in less than four months, this is the power of community on display, the very embodiment of value.
On June 13, it was announced in TON’s official telegram community that the network had hit the valuation of a small country's GDP, signaling its ride to $500 million TVL.
This is an impressive milestone reached by the TON community but what is even more astounding is the time frame at which this was achieved.
On June 10, Delphi Digital put out a report on TON’s daily active addresses surpassing Ethereum, of which is thanks to the wave of play-to-earn/SocialFi projects breaking into the ecosystem through Telegram.
Ton achieved a +$477.1 million inflow to its decentralized finance protocols(vested) since March 2024, looking at on-chain stats hosted on Tonstat.com, about 6,683,161 Ton was locked on the TON blockchain as at March 1st. At the said time frame, Ton was trading at $2.48, valuing the network's DeFi protocols at $16.5 million TVL.
Ton has since appreciated in price, currently trading at $8.05. Similarly, locked Ton has surged significantly during this period, as of June 12, 65,597,798 TON is locked and at today's market prices, that is worth over $528 million.
It is really interesting to look at these numbers because they individually tell a unique story of a community driven project.
For instance, TON has 353 validators at the time across 30 countries collectively locking 537,707,622 TON, $4.3 billion out of its current marketcap and about 22% of its circulating supply.
This is a network with 5 million active monthly users that is poised for even greater numbers are its gaming and SocialFi ecosystem is seeing significant user growth up to 150 million.
What truly makes these numbers worth paying attention to is that they are for a fact, REAL!
Usually when we look at blockchain data, we assume a lot when it comes to reporting network users. The lack of the system to validate influx makes such data mostly estimations. But with what is going on with Ton, we can safely say we are looking at real numbers for the most part of it and that is looking to get even bigger in coming months.
Fortunately, TON seems to be handling the traffic very well without sacrificing speed and security, so far.
Development Maximizes Community Engagement
The TON ecosystem has seen incredible numbers in terms of developments in recent months. Forced to believe that TON could be trading at $40 a unit towards the end of the year but that's NFA.
That said, given the mission of the network being “to put crypto in every pocket” we are witnessing a positive trend of growth, one that is not just about project teams and investors making money, but end users being educated and receiving monetary rewards.
Users of Notcoin for instance made on average $200, despite the insane supply and the lack of any pre-sale or token investments, proof that when development aligns with community needs, value flows.
The Ton community is growing at a fast rate, and unlike trends on VC-controlled blockchains like Solana which is based on high user risks, Ton is taking a long term approach that prioritizes value creation and sustenance.