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The Open Network (TON) has just experienced a significant increase in its number of transactions, reaching around 15.5 million. This increase is mainly due to the launch of major projects, in particular Hamster Kombat. This game, which uses a “click-to-earn” model, operates on the TON blockchain and can be accessed through the Telegram app.
- TON’s daily transactions surged to 15.5 million, largely due to the Hamster Kombat game launch.
- Hamster Kombat’s token (HMSTR) generated $1.2 billion in trading volume within 24 hours of launch.
- TON now dominates Layer 1 blockchains, handling over 50% of all Layer 1 transactions in the past month.
- Despite TON’s growth, the Hamster token experienced significant price volatility, highlighting the crypto market’s unpredictability.
Hamster Kombat offers various interesting features such as daily tasks, social gaming aspects, and an integrated mining system. The combination of these features has made Hamster Kombat so popular that it dominates activity on the TON network.
The Open Network (TON) blockchain network recently recorded a remarkable increase in activity, with the number of daily transactions reaching an astounding 15.49 million. This phenomenon was largely triggered by the launch of the Hamster Kombat token on September 26.
The debut of the HMSTR token took the crypto world by storm by generating over $1.2 billion in daily trading volume in its first 24 hours. This feat even surpassed the performance of some leading crypto assets such as Binance Coin, Dogecoin, and Ripple.
TON’s success is attributed to a series of high-profile token launches. DOGS, as one of the pioneers on the network, managed to attract 28 million monthly active users. CatizenAI and Rocky Rabbit also stole the show with 18 million monthly active users each.
Watbird also contributed to TON’s growth with 12 million monthly active users. However, the most astonishing was Hamster Kombat which posted 110 million monthly active users, proving the tremendous appeal of TON-based projects.
This wave of mass adoption demonstrates the great potential of TON as a blockchain platform capable of accommodating popular applications and attracting users on a large scale.
TON rising to prominence among Layer 1 protocols
TON has achieved a significant milestone, establishing itself as a leader among Layer 1 blockchain platforms. According to the latest analysis from CryptoQuant, TON now controls more than half of global Layer 1 transactions in the last 30 days.
Quotes from CoinSpeaker, the Hamster token experienced significant price fluctuations. After an impressive debut, the token’s value has decreased by 14% against the US dollar in three trading days on major exchanges. In fact, its price has dropped by more than 42% compared to its initial launch value.
This phenomenon illustrates the complexity of the crypto market, where popularity and volatility often go hand in hand. While TON continues to dominate as a blockchain platform, the price movements of individual tokens remain an aspect that needs to be closely observed by market participants.