Notcoin Leads Crypto Surge as TON Rivals Ethereum

The Telegram-based clicker game Notcoin (NOT) has emerged as the top performer among the 100 leading crypto tokens, with an impressive 10% surge in value over the past 24 hours. This significant gain coincides with The Open Network (TON), the underlying blockchain for Notcoin, achieving a landmark by matching Ethereum in daily active wallets.

Notcoin boasts a robust player base of 35 million, with a record high of five million daily active users recorded in March. While these numbers were impressive, it wasn’t until May 17 that TON surpassed Ethereum in terms of daily active wallets for the first time. Since then, the two networks have alternated in leadership, with TON recently leading for nine consecutive days as of June 2, according to data from Artemis Terminal.

As of now, TON and Ethereum are in a tight race, with TON trailing by just 4,000 daily active addresses. This competitive stance has also reflected positively on TON’s market performance, which shows a 5% increase in the last 24 hours and a cumulative 5.5% gain over the past week.

2024 has been a fruitful year for The Open Network, spurred by the success of Notcoin. This success has catalyzed the launch of several new Telegram-based games, all planning to introduce tokens on TON’s platform. Among these, Hamster Kombat has notably reached a milestone of 100 million players, becoming the largest single Telegram channel. The game is also gearing up for a token launch in July, allowing players to convert in-game points to cryptocurrency tokens.

Furthermore, upcoming games like Tapswap and Yescoin are poised to join TON. Tapswap, which boasts 50 million players, is transitioning from Solana wallet integration to launching its token on TON. Meanwhile, Yescoin aims to migrate its 18 million users to The Open Network, with over 6 million already connecting their wallets.

This burgeoning ecosystem of games and the anticipation of new token launches have propelled TON to new heights, now ranking as the 10th largest crypto token by market capitalization and surpassing Cardano.

TON’s rise in the crypto space, backed by innovative gaming integrations and a growing user base, underscores a significant shift in the dynamics of blockchain platforms and their applications in digital entertainment and finance.