TON Year in Review: 2024 Market & Ecosystem Trends
In 2024, TON Network saw explosive growth, with active wallets surging 30x to 35.4 million and DeFi TVL peaking at $776M. Fueled by Telegram integration, USDt-TON adoption, and gaming-driven expansion, the ecosystem flourished—but challenges remain. Retention, liquidity, and developer engagement will be critical as TON navigates an increasingly competitive blockchain landscape. This report breaks down the key drivers, market trends, and strategic considerations shaping TON’s trajectory.