USDT Supply On TON Blockchain Surges Past $1B As User Growth Accelerates
The TON blockchain is now home to one of the fastest-growing stablecoins, with USDT leading the charge based on 30-day supply growth percentage.
Over the past week, the total circulating supply of USDT on TON surged by 41%, surpassing the $1 billion milestone for the first time. This impressive growth comes less than six months after TON integrated Tether in April, attracting over $1 billion of native USDT liquidity.
Over the last week, total USDT circulating supply on @ton_blockchain increased by 41% and surpassed $1B for the first time ever. So in less than 6 months, TON was able to attract more than $1B of native USDT liquidity on the network since it integrated @Tether_to back in April. pic.twitter.com/Qqt6G7aKZt
David Alexander II (@Mega_Fund) September 20, 2024
In addition to the rapid growth in stablecoin supply, TONs weekly active user base has also seen a steady increase. Over the same period, the network now boasts over 5 million active users, a 56% increase since the beginning of September. This signals strong adoption of the blockchain, with both users and liquidity continuing to rise.
New Development On TON Blockchain
A notable development on the TON blockchain is the introduction of a new token distribution mechanism. According to damxton on X, users have been receiving unverified tokens, known as Points, in their wallets.
However, this is not a scam but a groundbreaking technology developed by TONs team. The innovative system allows for the minting and distribution of millions of tokens with minimal fees, while also reducing the load on the blockchain.
This is not a scam, neither is it a honeypot. Its a new groundbreaking technology that was introduced by TON devs to mint and distribute millions of tokens with very little fees and putting less load on the Ton Blockchain.
It is reported that Hamster Kombat will be utilizing pic.twitter.com/hn7E2XL74K
DamX (@damxton) September 21, 2024
This new method of token distribution is set to be used by projects like Hamster Kombat, which will leverage the technology to conduct their airdrop. The introduction of this efficient and cost-effective distribution model highlights TONs commitment to scalability and innovation as it continues to attract more liquidity and users to its ecosystem.
With USDT supply and user engagement on the rise, TON is quickly positioning itself as a major player in the growing world of blockchain technology.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Read more: https://nulltx.com/usdt-supply-on-ton-blockchain-surges-past-1b-as-user-growth-accelerates/
Text source: NullTX
