TON Analytics Are Now Available on IntoTheBlock

We’re excited to share that we’ve added support for The Open Network (TON) in our market intelligence suite. This collaboration with the TON Foundation allows the entire TON community to access these advanced analytics freely.

Understanding the TON Network

TON, originally developed by Telegram and now maintained by the TON Foundation, features a scalable, secure, and highly efficient architecture. Designed for decentralized applications (dApps), cross-chain compatibility, and high-speed transactions, TON has quickly established itself as a major player in the blockchain space. With over 47 million on-chain addresses and roughly 3 million daily transactions, TON is one of the most widely used layer-1 networks.

Key Features of TON:

• Dynamic Sharding: Ensures efficient and scalable transaction processing by dynamically splitting and merging shards based on network load.
• Asynchronous Messaging: Enhances throughput and reduces latency by allowing transactions to be processed independently and in parallel.
• Hypercube Routing: Optimizes message delivery paths across shards for efficient network communication.
• TON Virtual Machine (TVM): Executes smart contracts, enabling complex financial and mathematical operations, similar to Ethereum’s EVM.

TON On-Chain & Market Analytics

The integration of TON into IntoTheBlock’s Market Intelligence suite provides over 60 indicators for analyzing the TON network. This dataset includes metrics on transaction volumes, network health, and user activity, offering users deep insights into the TON ecosystem.

This integration provides the TON community with transparent, data-driven insights into network performance and usage. Furthermore, the collaboration between the TON Foundation and IntoTheBlock ensures that all TON analytics are free of charge to the TON community.

Telegram Mini Apps: Driving TON Network Growth

Telegram Mini Apps have been gaining significant traction since late 2023. These innovative mini-apps seamlessly integrate within Telegram, utilizing the TON blockchain to enable features such as micropayments, token transfers, and smart contract interactions directly within chats.

TON’s on-chain data highlights the impact of Telegram Mini Apps, showing a substantial increase in network activity starting from December 2023. With over 250 million Telegram users worldwide, the success of these mini-apps could be a major growth driver for the TON network, potentially onboarding millions of users into the cryptocurrency ecosystem.

You can access TON analytics here: https://app.intotheblock.com/coin/TON

TON Analytics Are Now Available on IntoTheBlock was originally published in IntoTheBlock on Medium, where people are continuing the conversation by highlighting and responding to this story.