One of the more impressive crypto stories of the year has seen its star continue to rise. Indeed, Toncoin has kept up its remarkable pace, with a number of holders hitting a record 100 million as TON adoption surges a remarkable 2,225% in 2024. The network and the token have been one of the industry’s bright spots in one of its strongest years.
The asset has seemingly benefitted greatly from its Telegram integration. Throughout the year, the messaging application, and its influence and prevalence in the Web3 sector have shown tremendous growth. Despite the controversy it faced earlier this year, it has proven to be a clear winner in the crypto space so far.
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Toncoin Adoption Explodes, TON Holders Reach New Landmark
2024 has been a massive year for crypto. Despite regulatory standards still developing, it has taken tremendous strides to become a fixture in global economics. Bitcoin has led the way, becoming the first crypto-based ETF and setting a new all-time high in March.
Yet, one asset that has had as impressive a year so far has been Toncoin, which has seen its holder count set a new 100 million record with the adoption of TON increasing by 2,225% in 2024 alone. Specifically, a CryptoQuant post from community manager Maartunn notes the massively important on-chain record.
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The holder count is a metric that shows how many addresses on one blockchain that carry a balance greater than zero. That figure growing is an indication that new addresses are arriving across the network. There is a variety of reasons why this is taking place, but it clearly showcases an increase in adoption for the crypto in question.
At the start of the year, the Toncoin holder count was only at 4.3 million. That denotes a monumental increase throughout the last eight months. That has been reflected in TON’s price. Over the last year, the asset has increased more than 161%, according to CoinMarketCap. The token is currently trading at $5.20, and looking to increase along with the crypto markets’ expected October rally.