The meme coin DOGS on the TON blockchain has led to what is being hailed as the largest meme token generation event (TGE) in crypto history. With 17 million users claiming their DOGS tokens in the past two weeks, the surge in user activity has been unparalleled.
Besides, this surge also saw daily active user addresses hitting 1.1 million multiple times. Moreover, the transaction volumes peaked at 14.4 million in a single day.
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Unmatched Engagement and Token Distribution
The DOGS token’s distribution has been a key driver in TON’s recent surge in activity. Daily active user addresses reached as high as 1.1 million, while single-day transactions peaked at 14.4 million over the last two weeks.
The DOGS token now holds the record for the most unique holders on any blockchain, with 4.5 million unique wallets holding the token. The only other tokens that surpass DOGS in terms of holders are USDt on TRON and Ethereum.
TON’s DOGS meme project has captured the interest of millions, marking a milestone not only for meme coins but for the broader crypto ecosystem. The engagement figures are massive, with 53 million users interacting with the DOGS Mini App, 42.2 million becoming eligible for the token airdrop, and 17 million successfully claiming their tokens.
Anticipation for Future TGEs
Looking ahead, the TON network expects further growth with upcoming TGEs for two other projects: Catizen and Hamster Kombat. These launches are expected to attract tens, if not hundreds, of millions of new users to the blockchain.
The network is preparing for potential technical challenges as it scales to accommodate such large volumes of new participants.
While the DOGS token set the stage, TON developers remain focused on overcoming these challenges to continue driving mass adoption. The growing user base signals increased confidence in the TON ecosystem as it pushes the boundaries of Web3 technology.
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DOGS Token Market Performance
Per data from CoinGecko at press time, the price of DOGS stands at $0.001069, with a daily trading volume of over $620 million.
This marks a 4.66% price increase within the last day, highlighting ongoing interest in the token. As more users become part of the TON ecosystem, this upward trend in trading volume and market activity may continue.
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