TL;DR

The price of Notcoin (NOT) has increased by 12.42% in the last 24 hours, reaching $0.01936.
The TON network has surpassed Ethereum in the number of daily active addresses, driven by games on Telegram such as Notcoin and Hamster Kombat.
Strategic partnerships, such as that of Telegram and Tether, have significantly contributed to the growth of the TON network.

In the last 24 hours, Notcoin (NOT), a cryptocurrency used in a Telegram-based clicker game, has seen a significant increase of 12.42%, placing its price at $0.01936, according to data from CoinMarketCap.

This notable increase in its value reflects the success and growing popularity of Notcoin in the cryptocurrency market.

The Open Network (TON), on which Notcoin is based, has achieved a major milestone by surpassing Ethereum in the number of daily active addresses.

The rise of TON has been largely driven by the success of games on Telegram like Notcoin and Hamster Kombat.

Notcoin has amassed a user base of 35 million, reaching a peak of five million daily active users in March.

However, it was not until May 17 that TON managed to surpass Ethereum in daily active users for the first time.

Since then, the two networks have competed closely, with TON leading for nine consecutive days starting June 2.

A key factor in TON ‘s growth has been its integration with Telegram Messenger, which has more than 900 million users.

The partnership between Telegram and Tether, announced earlier this year at TOKEN 2049 Dubai, has enabled the integration of USDT, the world’s largest stablecoin, into the TON network.

This collaboration has provided significant incentives for users to interact with the TON network, taking advantage of Telegram’s vast user base.

In addition to Notcoin, other clicker games such as Hamster Kombat have contributed significantly to the increase in activity on the TON network.

Hamster Kombat, inspired by the success of Notcoin, has reached 100 million users, establishing itself as one of the largest games on Telegram.

These games have transformed the user experience, allowing them to earn cryptocurrencies through playful activities, which has significantly increased the adoption and use of the TON network.

TON Rides the Notcoin Boom and Overtakes Ethereum in Daily Active Addresses

The TON network has proven to be formidable competition for Ethereum, thanks to its ability to attract and maintain a large number of daily active users.

According to Delphi Digital, Telegram‘s vast user base has been a crucial factor for this growth.

The analytics firm argues that TON’s success is based on the mass distribution provided by Telegram.

Although TON is relatively new to the layer 1 blockchain space, its initial growth has been impressive and promising.

The implementation of clicker games and the integration of USDT have been effective strategies to increase activity on the network.

These factors, combined with low transaction fees and aggressive marketing campaigns, have allowed TON to catch up with Ethereum in several aspects.

According to Token Terminal, while Ethereum registered less than 450,000 daily active users, TON reached close to 570,000.

The continued competition between TON and Ethereum highlights the evolution and dynamism of the cryptocurrency ecosystem.

Ethereum, while still a leader in many areas, must adapt and respond to these challenges to maintain its dominant position.

On the other hand, TON must continue to innovate and expand to consolidate its place in the market.

The growth of TON, fueled by Telegram distribution and the appeal of clicker games, offers an interesting model for how blockchain networks can attract and maintain an active and engaged user base.

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Filed under: News - @ June 14, 2024 6:27 pm