2024 wrapped: TON’s year of unstoppable growth
2024 was legendary. From shattering records to dropping game-changing innovations, TON didn’t just show up—we took over.
But let’s keep it real: none of this would’ve been possible without you—our users, partners, and sponsors. You’re the reason TON went from building quietly to dominating loudly. So, thank you for riding with us.
As we close out this incredible year, we’re here to celebrate the milestones we reached together. Buckle up as we dive into the highlights that set the stage for an even brighter 2025.
Big numbers, bigger wins
This year, we didn’t just grow—we made history:
- New users: 36.2M users started using TON Blockchain
- Monthly active wallets: 12.4M wallets at their all-time high (ATH), a 110x growth
- Total value locked (TVL): From $537K on January 1 to $773M in July, another ATH
- USDT: 1B+ in circulation, making TON the fastest chain in Tether’s history to hit this milestone
- NFTs: 17M minted
- SBTs: 7.1M minted
- Toncoin: Now listed on 50+ exchanges, including new listing on Binance, Bithumb, Revolut, and HashKey, with $16B daily trading volume
- Interoperability: Integrated with 17+ chains including Ethereum, Solana, Bitcoin, leveraging protocols like Axelar and Rhino.fi
- Community events: Hosted 182 global offline events with 35K+ participants and 2 hackathons with 8K+ registered developers
- The Open League: 8 seasons, 200+ projects, $26M+ distributed
TON’s 2024 playbook
We went all in: scaling, innovating, and onboarding millions, all while redefining what blockchain can achieve. From cutting-edge tools and programs to real-world partnerships and integrations, we blew open the doors for developers and users to thrive.
You saw it. You felt it. Every stat, every milestone, and every event is proof that TON isn’t just a character in the blockchain story—it’s writing the next chapter.
USDT on TON: crypto in every pocket
April 2024 saw the launch of USDT on TON, making the world’s largest stablecoin accessible to over 950 million users on Telegram. Sending and receiving USDT is now as simple, instant, and feeless as sending a text.
With over 1 billion USDt-TON in circulation and over 120 integrations across centralized exchanges (CEXs), wallets, payment providers, and more, we’re closer than ever to our goal of putting crypto in every pocket.
To celebrate the launch, 11 million Toncoin was up for grabs for early adopters—a fitting reward for the pioneers of a new era in blockchain.
DeFi growth
TON DeFi skyrocketed with an eye-popping 143,947% growth in TVL at its ATH. Yes, you read that right. We’re not talking incremental progress; we’re talking liftoff. By mid-year, TVL hit an ATH of $773 million before cruising steadily between $300 million and $400 million for the rest of the year.
The highlights? A 5x explosion in DeFi projects, scaling from fewer than 10 in January to over 50 by November. From stable swaps to lending protocols, perpetual trading, interoperability solutions, and oracle integrations, TON became the go-to hub for innovation.
In 2025, TON will see TON Teleport BTC as a native trustless bridge connecting the TON and BTC ecosystems. TON Teleport's testnet (launched in November) reduces BTC transfer fees by 10x, opening new possibilities for BTC holders.
The DeFi growth didn’t stop there. Collaborations with powerhouses like Curve Finance and Jupiter Exchange brought fresh liquidity and backing from top VCs.
Tap-to-earn: a new era in gaming
TON leveled up gaming in 2024, bringing a fresh wave of innovation with tap-to-earn and a mix of casual and midcore hits, onboarding millions to TON. The first viral smash? Notcoin. With 35 million active users (MAU), it sent shockwaves through the space, even landing as one of the top three most-traded cryptocurrencies globally. But that was just the beginning. Hamster Kombat (204 million MAU), Dogs (52 million MAU), and Catizen (22 million MAU) turned tap-to-earn into a phenomenon, drawing gamers in droves.
Mass adoption met mass generosity, with 50 million users scoring airdrops totaling over $1.5 billion in value. Mass minting tools like Mass Sender and Mintless Jettons made the distribution seamless, turning gamers into crypto holders overnight. Exchanges couldn’t look away, racing to list TON-based gaming tokens.
Memecoin szn
With DOGS reaching 6.3 million holders (ATH) and Notcoin hitting 2.8 million (ATH), TON now boasts the largest memecoins by holder count in Web3. Trading volumes jumped 358% from July to November, while memecoin launches surged 524%, fueled by 8+ active memepads.
At the center of it all was TON Memelandia, driving the narrative with a $5 million grant program, $1.25 million in trading competition rewards, and appearances at key industry events like TOKEN2049, TON Gateway, and DevCon.
The TON and Telegram magic
When you mix nearly a billion Telegram users with TON Blockchain, magic happens. Whether you’re sending tokens to a friend, gaming, or trading crypto, this duo is proving that decentralization and usability can actually get along. No tech-induced headaches, no extra downloads—just pure simplicity, making crypto and decentralized apps (dApps) more accessible than ever.
The secret sauce? Telegram Mini Apps, lightweight applications that run within Telegram. But that’s not all. Telegram’s ad revenue-sharing program now allows creators to earn 50% of the ad revenue generated from their content. It’s a game-changer that encourages founders, developers, and creators to build more on Telegram and TON—a win-win for everyone.
And let’s not forget Telegram Stars, Telegram’s new in-app payment solution. From in-game purchases to services and beyond, it’s designed to lower entry barriers, enabling anyone to dive in—no crypto knowledge required.
Real-world use cases, real impact
It’s not just tech. It’s utility. From payments to ride-hailing, TON is leading the way in proving that crypto can do more than just sit in a wallet—it can power real-life solutions for everyday people.
For example, Tonhub’s Visa debit card. Imagine making payments directly from your TON or USDT balance, whether it’s groceries, coffee, or online shopping. These crypto-powered cards seamlessly integrate with SEPA, SWIFT, Apple Pay, and Google Pay, making crypto spending as easy as swiping or tapping.
Ecosystem wins: the backbone of TON
The numbers speak for themselves—TON has become a magnet for developers, innovators, and builders across Web3.
Both the Open League and Hackers League hackathons crushed expectations. Each season drew over 1,000 applications, with the Winter edition closing out with a $3 million prize pool and the sharpest minds in the space. Not to forget The Open League, which capped off 2024 with eight epic seasons, over 200 participating projects, and over $26 million in distributed rewards.
Behind the scenes, TON’s infrastructure had a major glow-up. Wallets like Tonkeeper,@wallet and TON Space made managing crypto effortless, while institutional-grade custody solutions ensured Toncoin holders slept easy. On the trading front, TON hit the big leagues with listings on 50+ top exchanges, including Binance, Bithumb, and Hashkey, sending daily trading volumes to $16 billion. Meanwhile, analytics platforms like Dune and TradingView handed developers and users the tools they need to track, analyze, and thrive.
Community on fire
In 2024, the TON community brought the heat, turning local events into global sensations. From the HK Web3 Festival in APAC, where TON was the title sponsor, to Korean Blockchain Week, TOKEN2049, and record-breaking participation at the TON Gateway event in MENA, the energy was electric.
Local hubs kept the momentum alive, fostering grassroots innovation and education across the globe. TON Society’s 11 hubs hosted an impressive 182 offline events, engaging over 35,000 participants in meetups, bootcamps, hackathons, and more. Meanwhile, millions are connected on Telegram, solidifying TON’s global presence across 30 regional and international channels.
Want to get involved? Find your local hub or event here.
Don’t just take our word for it
Hear it from the industry’s leaders:
- Animoca Brands:
- Pantera Capital:
- GSR Markets:
When the titans of Web3 call TON their next big thing, you know we’re doing something right.
What’s next in 2025?
2024 set the stage, but 2025? That’s when the real magic begins. TON isn’t just riding the momentum—it’s rewriting the playbook for blockchain adoption. With a laser focus on decentralization, utility, and mass adoption, we’re gearing up for an even bigger year.
Here’s what’s coming: increase on-chain user retention, TON Teleport BTC, Society DAO, and initiatives across GameFi, payments, DeFi and memecoins.
2024 proved that TON can deliver. 2025 will show the world just how far we can go. Let’s keep building. 💎
Don’t miss out on the alpha:
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