In 2024, developers creating mini-apps and content for the TON ecosystem earned more than $55 million, thanks to a surge in popularity of Web3 games and built-in Telegram applications. Key indicators and TON’s milestones for the year highlight the network’s rapid expansion.
Record Wallet Growth and Activity
According to TON developers, 36.2 million new crypto wallets were created in 2024—55 times more than the previous year. The total number of Toncoin holders surpassed 100 million. Monthly activity averaged 40 million wallets, including smart contracts.
TON also surpassed networks like Base and BNB Chain in active addresses, and frequently exceeded Ethereum, averaging 1.8 million wallets per day.
USDt and DeFi Spur TON’s Development
A key growth driver was the launch of USDt on TON. Within eight months, net stablecoin turnover reached $1.2 billion, with total transactions of $39.6 billion. Some 3.5 million wallets carried out 26 million transactions.
The network’s TVL climbed from $13.5 million to a peak of $776 million, spurred by significant inflows from other blockchains. Funds transferred to TON ranged from $5 billion to $10 billion.
Web3 Games and In-Game Economy
Web3 games became the most popular Telegram mini-app category. Developers pointed to Notcoin, whose $2.2 billion airdrop ranked among the five largest in 2024. Other projects, including DOGS, Catizen, Hamster Kombat, and Major, attracted hundreds of millions of players, including those on centralized exchanges.
Investments and Partnerships
Major investors backed the TON ecosystem:
- Pantera Capital: Undisclosed amount; validator participation;
- Mirana Ventures: $8 million; long-term partnership;
- Bybit: Support of cross-chain initiatives via TON Accelerator;
- OKX Ventures: $5 million into TON Ventures;
- Bitget and Foresight Ventures: $30 million for project support;
- Animoca Brands: Game launches and ecosystem support.
TON’s Future Plans
In 2025, developers aim to introduce TON Connect for deeper Telegram integration, roll out TON Teleport, and launch tokenized stickers and gifts. Special emphasis will be placed on expanding TON’s footprint in the U.S. market.
Under a new agreement with Telegram, TON Foundation will require the TON network to be used for all embedded Web3 apps, a move expected to further cement TON’s market position among blockchain solutions.
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