TON has surpassed the 1 bln transaction mark, half of which were performed in the last three months. How rapidly is TON developing compared to other networks? Is 1 bln transactions merely a technical indicator or a truly important milestone?
One billion transactions is a major milestone and shows significant network growth and activity. This is especially impressive given that half of these transactions were made over the last three months, indicating a sharp upturn in network activity.
Compared to other blockchains:
1. Growth rate: The fact that half of all transactions have been executed in the last three months points to rapid growth. This is a pace that surpasses many other blockchains.
2. TPS (Transactions Per Second): 92.41 TPS shows strong performance, although it is by no means a record in the industry. For example, some blockchains claim to be able to process thousands of transactions per second.
3. TVL (Total Value Locked): The decrease in TVL from 776.6 mln to 344.89 mln may be of some concern, as it points to outflows from the ecosystem. However, this may be a fleeting trend due to the overall market situation.
Reasons for the high activity:
1. Launch of new tokens: The listing of DOGS and other projects such as Hamster Kombat has attracted considerable attention and stoked user activity.
2. Integration with Telegram: Proximity to the Telegram ecosystem provides TON with a large user base and the potential for rapid growth.
3. Ecosystem development: The emergence of new TON-based apps and services has promoted the rise in transactions.
4. Speculative interest: Toncoin price volatility and news about Pavel Durov may have led to an increase in trading activity.
It should also be noted that rapid growth also gives rise to challenges, as shown by the two blockchain shutdowns on August 28 due to extreme load. This indicates the need for further optimization and scaling of the network.
Overall, TON has unveiled very dynamic development, especially in recent months. Reaching 1 bln transactions is not just a technical indicator, but an important milestone that reveals the growing adoption and use of the network.