The post Toncoin ‘beat’ Bitcoin in 2024 appeared on BitcoinEthereumNews.com.

Toncoin outperformed Bitcoin in 2024, with its TVL climbing to its highest level TON surged by 144.52% over the past year Although Toncoin [TON]  is currently struggling to record a sustained uptrend on the charts, the altcoin has made significant gains throughout the year. On the yearly charts, for instance, TON climbed by 144.52% to trade at $5.38 at press time. Simply put, it has emerged to become one of the market’s best-performing cryptocurrencies over this period. Source: CryptoQuant That’s not all though as according to CryptoQuant, Toncoin even outperformed Bitcoin [BTC] in 2024. Toncoin outperforms Bitcoin! According to CryptoQuant’s analysis, TON outperformed Bitcoin throughout 2024, making the altcoin one of the few altcoins to surpass BTC in performance. While most altcoins struggled to outpace Bitcoin’s returns in 2024, TON’s exceptional performance highlighted its unique dynamic and adoption. Source: Cryptoquant Accordingly, this performance resulted from growth across various aspects of Toncoin’s ecosystem. Especially a considerable surge in Total value locked (TVL). Toncoin’s TVL did so well thanks to growing investor confidence in the TON ecosystem and a hike in staking and liquidity. Derivates also saw a surge in investors and capital inflows. Source: CryptoQuant Throughout the year, this activity hit its highest-ever value in transactions and users within the Toncoin ecosystem. The network saw more than 5 million users and 24 million transactions. Therefore, 2024 saw remarkable growth for Toncoin’s ecosystem, further showcasing the strength and utility of the ecosystem. Significantly, if this trend continues throughout 2025, Toncoin could establish itself as the leading blockchain for the future. What are the implications for TON’s price? While Toncoin’s ecosystem continues to grow, its native token TON has faced significant struggles. Over the past week, for instance, TON fell by 5.09% while dropping by 16.55% on the monthly charts. Despite its latest…

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Filed under: News - @ January 13, 2025 3:05 am