TON Network Surpasses $1 Billion in USDT Adoption Within Six Months
- USDT on th TON network surpsss $1 billion, mrking significnt milston within just six months of prtnrship.
- TONs comptitiv trnsction fs droppd from $0.061 to $0.035, driving USDT doption growth.
- Tlgrm mini-pps driv cpitl influx, nhncing TONs growth nd boosting Toncoins mrkt position.
Th Opn Ntwork (TON) continus its rpid scnt, fuld by th incrsing doption of Tthrs USDT stblcoin. According to dt from CryptoQunt, USDT on TON hs officilly surpssd th significnt milston of $1 billion. This imprssiv chivmnt, rchd within just six months of thir prtnrship in April, undrscors th growing trction of both TON nd USDT within th cryptocurrncy cosystm.
USDT Adoption Drivers on the TON Network
Tthr, th issur of th worlds lding stblcoin USDT, nd TON, th pltform powring nw gnrtion of dcntrlizd pplictions (dApps) on Tlgrm, rprsnt powrful duo. USDT provids vitl lyr of stbility within th crypto mrkt, whil TON offrs usrs fst, scur, nd cost-ffctiv nvironmnt for dApp dvlopmnt.
This synrgy hs dmonstrbly fuld growth. CryptoQunt dt rvls stggring 670% incrs in USDT on TON ovr th pst six months. Notbly, this figur stood t mr $130 million bck in My, highlighting th rpid pc of doption. Th ky drivr bhind this surg is TONs highly comptitiv trnsction fs.
In Jun 2024, th mdin trnsction f ws rltivly high $0.061. Howvr, by Octobr, it hd droppd significntly to mr $0.035. This substntil rduction mks TON Network n ttrctiv option for usrs nd hs undoubtdly plyd crucil rol in th ntworks rpid doption.
Furthrmor, CryptoQunt nlyst burkksmci highlightd tht USDTs supply hs rchd stggring $120 billion, solidifying its position s mjor mrkt forc. H nticipts furthr xpnsion, projcting potntil ris to $200 billion during th nxt bull run. This growth will likly ful vn grtr dmnd for th TON network, ultimtly lding to continud incrs in USDT lockd on th ntwork.
Mini-Apps Powering TONs Growth
Th TON networks succss ovr th pst yr is prtilly ttributd to th populrity of Tlgrm mini-pps. From Notcoin (NOT) to Ctizn (CATI) nd Hmstr Kombt (HMSTR), th hyp surrounding ths projcts drw substntil cpitl onto th ntwork. Whil som, lik Hmstr Kombt with its disppointing irdrop, my hv flln short of community xpcttions, othrs hv mrgd s mjor succsss.
Dspit gnrl prcption of th T2E (Tokn-to-Ern) r fding wy, th continud volution of ths gms could solidify TONs long-trm growth prospcts. Notbly, Toncoin, th ntiv tokn of th TON Network, mrgd s significnt bnficiry of this growth, brifly ntring th top 10 list of most cpitlizd coins rlir this yr.
As of this writing, Toncoin is trding t $4.79, down slightly by 2.58% in th lst 24 hours. Anlysts rmin cutiously optimistic, with trding volum dcrsing by 7.76% to 147 million. Anlyst VipRo sTr rcntly notd strong support t $4.6, potntilly rprsnting n ntry point for buyrs. Furthrmor, h hintd t th possibility of trgting $5.6 nd $6 in th nr trm, with potntil for $10 in th long run should TON brk th $5.2 downtrnd rsistnc.
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Read more: https://www.tronweekly.com/ton-network-surpasses-1b-in-usdt-adoption/
Text source: TronWeekly
