Introduction
June 2024 marked a historic month for The Open Network (TON), with record-breaking metrics across all fronts:
- Daily active addresses consistently surpassed Ethereum ($ETH)
- Total Value Locked (TVL) skyrocketed to $600 million—a 1000x increase since January 2024
- $450 million worth of USDT issued within just 47 days
- Hamster Kombat became the first TON mini-app to achieve 100 million Telegram users
According to CGV Research, TON's 2024 summer surge stems from both internal innovations and external market factors.
Internal Drivers of TON's Success
1. Wallet Revolution
- July 2023: Introduced payment functionalities within TON Wallet
- September 2023: Launched TONSpace (self-custodial wallet)
- December 2023: Added secondary wallet access in Telegram
2. Token Lockup Strategy
- Community votes froze 21% of supply (inactive miner wallets) until February 2027
- Created TON Believers Fund (5-year lockup) covering 26% of supply
- Result: 47% of TON tokens locked long-term
3. Native USDT Integration
April 2024 saw Tether deploy USDT on TON, rapidly making it the:
👉 Fifth-largest USDT network globally
4. Blockchain Performance
TON achieved:
- 104,715 TPS (verified by Certik)
- Processed 107M+ transactions in a single test
5. Strategic Marketing
- $150M #OpenLeague rewards program
- Notcoin listings on major exchanges
External Catalysts
1. Pantera Capital's Investment
May 2024 brought TON its largest-ever single investment, signaling strong institutional confidence.
2. Global Competition
With Elon Musk's X app planning crypto payments, TON faces—and fuels—industry innovation.
3. Demand for New Narratives
TON's social-driven growth model offers fresh direction for Web3.
Four Future Trends for TON
Trend 1: Telegram's Ecosystem Expansion
Telegram is evolving into a "super app" with:
- Upstream: TON SDKs attracting DApp developers
- Midstream: Native stablecoins and cross-chain bridges
- Downstream: 800M+ Telegram users as adoption drivers
Trend 2: Regulatory Advantage
As a decentralized network, TON bypasses regional financial restrictions while maintaining compliance.
Trend 3: Revenue Models Beyond Tokens
Success metrics will shift toward:
- DAU/MAU metrics
- ARPU from mini-apps
- NFT sticker marketplaces
Trend 4: Investment Logic Transformation
Projects may prioritize sustainable business models over tokenomics, aligning with traditional VC evaluation methods.
FAQ Section
Q: How does TON compare to Solana in speed?
A: TON's 100K+ TPS outperforms Solana's 50K TPS in tested conditions.
Q: Can Telegram users opt out of TON integration?
A: Yes—wallet features remain optional within Telegram settings.
Q: What makes TON's USDT deployment unique?
A: Seamless integration with Telegram's payment systems drives adoption.
Conclusion
TON combines technical prowess with Telegram's distribution power, creating a virtuous cycle of innovation and adoption. As noted by CGV Research, its trajectory could redefine Web3's relationship with mainstream users.
👉 Explore TON's latest developments for real-time updates on this evolving ecosystem.