Crypto:
30349
Bitcoin:
$64.317
% 0.70
BTC Dominance:
%54.0
% 0.22
Market Cap:
$2.34 T
% 1.02
Fear & Greed:
63 / 100
Bitcoin:
$ 64.317
BTC Dominance:
% 54.0
Market Cap:
$2.34 T

Toncoin Skyrockets into Top 10 Crypto Assets on Telegram Tech News

Toncoin

Toncoin (TON), the native token of The Open Network (TON), has surged into the top 10 digital assets by market capitalization. This jump follows recent developments within the TON network, particularly related to Telegram integration.

TON Blockchain Linked to Telegram

The Open Network (TON) is a layer-1 blockchain network with close ties to the popular social messaging platform Telegram. This connection fuels speculation about TON’s potential and future adoption.

On April 8th, TON Society, a community supporting the TON blockchain, announced a partnership with AI company HumanCode. This collaboration aims to launch a novel identity verification system utilizing palm scanning technology.

To encourage user participation, TON Society is offering a significant incentive. They are allocating one million TON tokens, valued at roughly $7 million, to users who verify their identity using the new system.

Telegram Integrates Toncoin Payments for Advertising

Adding to the recent momentum, Telegram recently integrated Toncoin payments for its new advertising initiative. This program allows users to purchase ads using TON and offers revenue sharing with public channel creators exceeding 1,000 subscribers.

Furthermore, Telegram transitioned from using Euros to the TON network for facilitating ad service payments. This move further strengthens the connection between the two platforms.

TON Price Surge and Market Performance

Following these developments, TON’s price has experienced a significant increase. Over the past 24 hours alone, TON has seen a surge of over 22%. This upward trend extends over the past week, with gains exceeding 30%. As of today, TON has reached a record high of nearly $7, according to data from CryptoSlate.

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TON Market Cap and Network Activity

This price surge has propelled TON’s market capitalization to over $23 billion. This impressive valuation surpasses established blockchain networks like Cardano, Avalanche, and Dogecoin.

Coinciding with the price increase, the TON blockchain ecosystem has witnessed a surge in network activity. TonStat data reveals that the number of active Ton blockchain wallets has skyrocketed to 1.65 million in the past month. This exponential growth in active wallets has also spurred other blockchain metrics, with daily transactions exceeding 4 million during the last day.

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