TON has emerged as one of many top-performing Layer 1 blockchains in 2024, in accordance with the newest evaluation by CryptoQuant.
Demonstrating a outstanding 118% outperformance over Bitcoin because the starting of the yr, TON has stood out in stark distinction to different widespread Layer 1 chains, which have struggled to realize momentum.
Amongst main blockchains, solely TON and BNB have considerably outpaced Bitcoin on this interval, as per the intelligence useful resource. This relative energy, mixed with the sturdy community impact supplied by Telegram, positions TON as a very noteworthy cryptocurrency to observe throughout this bull run.
TON Community Overview
Regardless of a turbulent begin, the Telegram Open Community (TON) has experienced vital development over the previous yr, establishing itself as one of many largest tasks within the cryptocurrency business by whole market capitalization.
This surge may be attributed to its vibrant and increasing ecosystem, which has attracted a rising variety of builders and customers. The elevated engagement and innovation throughout the TON blockchain have fueled its rise.
A notable venture on the TON community is Notcoin (NOT), which started as a viral Telegram recreation geared toward introducing customers to Web3 on the blockchain. Notcoin’s whitepaper is unconventional, consisting of 9 pages, with the primary web page titled “Notcoin Whitepaper November 2023” and the remaining eight pages being clean.
It was concurrently launched on Binance Launchpool and OKX Jumpstart, with a complete provide of 102,719,221,714 NOT in circulation. In a latest growth, Notcoin announced it might donate 1.03 billion NOT, equal to $6.8 million, to Telegram founder Pavel Durov and Telegram.
Teaming Up With Tether
Supporting TON’s efficiency are a number of key partnerships that The Open Community has carried out previously couple of months. Extra not too long ago, outstanding stablecoin issuer Tether and The Open Community teamed up with the Oobit cell app to facilitate USDT-to-fiat transactions.
The transfer will allow TON customers to make use of Oobit’s Faucet & Pay expertise to pay retailers in fiat forex whereas spending USDT. The combination of the app can even simplify transactions with Tether’s USDT and Tether Gold (XAUt) on the TON community.
