Telegrams TON Blockchain Exceeds Ethereum in Daily Active Users

Telegram’s TON Blockchain Surpasses Ethereum in Daily Active Users
Telegram’s cutting-edge blockchain platform, known as “The Open Network” (TON), has been consistently outshining Ethereum in terms of daily active users this month. Delphi Digital, a renowned firm, recently highlighted TON’s remarkable growth in a post on X.
The firm pointed out that TON has exceeded Ethereum in daily active users, attributing this success to Telegram’s massive user base of 900 million. Delphi Digital dubbed it as “The Flippening CT ignores” and stressed that TON’s triumph is largely due to Telegram’s widespread reach.
However, they also raised concerns about whether this upward trend can be maintained to permanently surpass Ethereum.
TON and Ethereum Go Head to Head in Active Users
Data from Artemis, which defines daily active users (DAU) as the number of unique wallets participating in transactions on a blockchain each day, shows that TON and Ethereum have been in close competition since May 17. TON took the lead at the start of June, surpassing Ethereum on 10 out of the 11 days so far.
On June 3, TON achieved a milestone with 568,300 DAUs, a level that Ethereum hasn’t seen since September 13, 2023. Despite these impressive numbers, it’s crucial to consider the bigger picture.
Ethereum has been actively migrating transactions to layer 2 scaling solutions, which have attracted a significant amount of user activity. This makes a direct comparison somewhat skewed.
For example, on June 11 alone, three of Ethereum’s top layer 2 solutions—Arbitrum, Base, and Optimism—boasted a combined 1.3 million daily active users. Ethereum co-founder Vitalik Buterin has been advocating for the use of layer 2 solutions to scale the main blockchain as part of Ethereum’s roadmap.
TON’s recent surge in network activity can be attributed to various factors, including the integration of Tether (USDT) stablecoin on TON and the 35 million users who have joined Notcoin since its launch five months ago. Notcoin is a “tap-to-earn” token that users can earn by completing social challenges.
Additionally, Telegram introduced Telegram Stars, an in-app currency for digital purchases, on June 6. Telegram’s messaging platform has become a popular hub for crypto enthusiasts, with trading bots gaining significant traction among users.
Telegram Rolls Out Digital Payment Feature
Last week, Telegram unveiled a new digital payment feature called “Telegram Stars,” enabling users to make in-app purchases. ‘Stars’ is compatible with both iOS and Android devices. This move comes amidst the recent surge in Telegram’s mini apps, with millions of users joining daily.
One mini app gaining popularity on Telegram is Hamster Kombat, where players can boost their exchange income by purchasing “upgrade cards” and completing quests.
Earlier this month, Hamster Kombat announced a surge in subscribers, becoming the No.1 channel on Telegram in terms of users. More recently, Pixelverse, a Web3 Telegram-based gaming ecosystem, raised $5.5 million in a recent funding round. The round saw participation from top investors in the crypto and Web3 gaming space, including Delphi Ventures, Merit Circle, and Mechanism Capital.