Toncoin (TON) has surged over 200% this year, becoming the fifth-most valuable Layer 1 network with a market cap of $14.371 billion. Initially developed by the Telegram team and launched in 2019, TON was transferred to independent developers in 2020 due to SEC regulations. The TON Chain has evolved into a rich ecosystem, fostering internet freedom and utility, with recent collaborations like Curve Finance highlighting its growth.
The ecosystem has seen a 12x increase in daily transaction volume over the past year, with TVL rising to $350 million, driven by DEX trading.This has made many exchanges like integrating the network into their ecosystem and encouraging lots of users to explore more of the network by way of giveaways.
You are right that Ton coin demonstrated impressive growth during the past one year. This remarkable growth is not only because of large number of projects launched on Ton block chain by vast community of telegram channel. but also it can be attributed to its strong fundamentals, including being one of the fast chains with minimal transaction fees. I have been accumulating Ton coins since it was launched and will hold them to gain substantial profit when alts market will be in bullish phase.