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TON reaches new all-time high

In A Nutshell:

The surge in NOT and TON prices correlates with the rising popularity of Telegram-based "x to earn" games such as Hamster Kombat and Yescoin. Daily active wallets on the TON blockchain have exceeded 547,000, signaling substantial growth, although these numbers exclude Layer 2 data and may be influenced by bot activity.

The rise in prices coincided with the increasing popularity of various Telegram-based "x to earn" games like Hamster Kombat and Yescoin. Many of these games claim millions of participants globally, although the extent to which bots inflate these figures remains unclear.

 

The games' popularity and the simplicity of joining, setting up a wallet, and participating are boosting TON blockchain activity and metrics. Some sources suggest that daily active wallets on TON have surpassed those on Ethereum, excluding Layer 2 data. However, wallet counts may not accurately reflect unique users.

 

Nevertheless, daily active wallets currently exceed 547,000 according to Tonstat, showing a steady upward trend.