Toncoin Adoption Surges as Active Addresses Hit Major Milestone

• Toncoin holds 14.38% of active addresses, showing significant growth in blockchain adoption and DeFi potential.
• Revolut expands TON support across UK and EU, with plans for further global availability in various countries.

Toncoin (TON) has been making headlines in the blockchain sector, with large increases in activity, particularly the number of active addresses. A tweet by Ambassador IntoTheBlock, Slim Daddy, reveals that data shows TON now commands 14.38% of active addresses on its blockchain, showing an amazing rise in usage.

Toncoin $TON is making waves in the crypto market with a significant surge in address dominance, now holding 14.38% according to data from @intotheblock.

With over 620 million addresses on the blockchain. This impressive growth highlights Toncoin's increasing popularity and… pic.twitter.com/AinOe7NW2z

— Slim Daddy𓃵 ₿ (@felixreads) October 18, 2024

Toncoin Dominance Growing in the Expanding DeFi Landscape 

This increase in address dominance amply illustrates the platform’s growing user base and promise inside the decentralized finance (DeFi) ecosystem.

With more than 620 million addresses already included in the TON network, this milestone marks a significant advancement for Toncoin as it keeps proving itself as a prominent player in the industry with its expanding blockchain activities and also finds acceptance in the finance sector.

On the other hand, previously adding TON to its list of approved altcoins, global financial platform Revolut lets users from the European Union (EU) and the United Kingdom (UK) trade the token.

A CNF report noted that Revolut’s backing of Toncoin is projected to grow even more since proposals to provide TON trading to nationals of Australia, Brazil, New Zealand, and Singapore abound. This action marks a major step towards Toncoin’s greater accessibility to a larger audience, so supporting its adoption in many different areas.

Meanwhile, as of writing, TON is swapped hands about $5.35, a 1.04% rise over the last 24 hours. Now with a market cap of around $13.6 billion, the token is among the most valuable assets available in the crypto market.