The USDT supply on the TON blockchain has exceeded 500 million

The USDT supply on the TON network has surpassed 500 million, accompanied by increasing interest in Telegram games.

Telegram's TON network, which has been dominating the market with its touch-and-win games, attracted attention with the USDT supply. The network, which exceeded 500 million USDT supply in a short time, continues to grow every day. This development occurred approximately two months after Tether released the gold-backed stablecoin XAUT and the US dollar-backed stablecoin TON.

In its announcement through the official Telegram channel, The Open Network stated, "The demand for USDT-TON is increasing, and this is not surprising. The ability to easily send digital dollars to everyone, everywhere is a use case that sets USDT-TON apart from others."

Telegram games take off the TON ecosystem

At the beginning of this month, the total locked value (TVL) on the TON blockchain exceeded 600 million dollars; this is twice the TVL from three weeks ago, according to DefiLlama's data, TON currently has a TVL of 670 million dollars.

Due to its preferred solution for Web3 integration for Telegram, which is reported to have over 900 million users worldwide this year, the network has gained attention.

The increase in web activity is attributed to the rising popularity of touch-and-win games that can be played on Telegram, such as Notcoin, Catizen, and Hamster Kombat, which reward users with tokens. Individuals who see the opportunities in this field are naturally flocking to Telegram.

Toncoin, the native token of TON blockchain, has reached a market value of $18.5 billion. As of writing, TON is trading at $7.54.

This article does not contain investment advice or recommendation. Every investment and trading operation involves risk, and readers should conduct their own research when making decisions.