The TON Foundation has officially kicked off Season 4 of its innovative Open League, signaling a new era in its quest to expand and energize its blockchain ecosystem. The Open League, a cornerstone of TON’s community engagement efforts, has played a key role in propelling the network ahead of Ethereum in terms of daily active addresses.
This surge in user engagement is more than just a numerical triumph; it is a strong endorsement of TON’s increasing influence in the world of cryptocurrency. The success of the initiative is evident in the significant increase in users, attracted by the network’s promise of financial independence and digital sovereignty.
Key to the recent successes of the TON Foundation are strategic advancements and integrations within its ecosystem. The integration of USDt and the seamless operation of Telegram Mini Apps have made user interactions easier, opening up the blockchain to a wider audience.
In the past month alone, these initiatives have brought in over 841,170 Notcoin users, showcasing the scalability and user-friendly nature of the TON blockchain. Since the launch of the League’s pilot program in March, important metrics have seen a remarkable increase:
– Daily active wallets have surged by 1,403%, indicating a vibrant and engaged community.
– Total Value Locked (TVL) in DeFi has reached $320.2 million, showing strong participation in financial applications.
– The average daily transactions have grown to 4.2 million, highlighting the network’s operational efficiency.
Over the last three months, the TON community has been generously rewarded, with distributions totaling around $40 million. These rewards have not only encouraged participation but also nurtured a thriving ecosystem of developers and enthusiasts.
Looking forward to Season 4, there are exciting innovations on the horizon. The merging of the Major and Minor Leagues will streamline the competition and focus on nurturing top-tier projects. The top 10 projects at the end of this season will receive significant support and liquidity boosts, paving the way for continued growth and innovation in Season 5.
Jack Booth, the Director of Marketing at TON Foundation, shared his enthusiasm for the upcoming season, stating, “The past three months have shown that the community is embracing our vision of a fun, transparent, and rewarding ecosystem model. TON is the blockchain for mass adoption: simple, engaging systems introduce new users to TON in Telegram, putting crypto in every pocket.”
The Open Network is committed to integrating crypto into everyday life through Telegram Messenger. With a strategic goal of empowering 500 million users to own their digital identity, data, and assets by 2028, TON is leading the way for widespread adoption of blockchain technology. Through initiatives like The Open League, TON is not just building a blockchain; it is fostering a community ready to revolutionize the digital landscape.