Telegram Open Network (TON) is a new open-source decentralized blockchain technology developed by Telegram. Notably, recent analyses by TONLand reveal that the TON blockchain is spearheading crypto adoption in many regions worldwide, including Africa.

According to TONLand, “This monumental achievement marks a significant shift in the global cryptocurrency landscape, highlighting TON’s strategic integrations and user-friendly approach.” Through their innovative approach, the TON network has recorded over 3400% increase in on-chain activity since 2024’s inception.

Global Crypto Adoption Boost: TON Blockchain Explosive Growth

Such increased growth recorded in 10 months by the TON blockchain could be explained by incorporating Telegram’s huge user base. By leveraging Telegram, millions of users are exposed to its utilities on the platform.

Another major contributor to its growth is hosting new projects and airdrop events with mini-games featuring tap-to-earn tasks and other activities. These include Hamster Kombat, Notcoin, Catizen, etc. This “gamification” has caused crypto engagement on Telegram to thrive drawing users to earn from these airdrops.

Another plus on TON’s part is that it affords users high speeds while transacting on the blockchain. All these features attract more crypto users, thus the growth recorded by the blockchain.

TON Blockchain Emerges as a Leader in Cryptocurrency Adoption in Europe, Asia, and Africa pic.twitter.com/Cb4ykPvAkx

— TONLAND (@tonlandtoken) October 9, 2024

Growth in Africa and Other Regions

According to TONLand, “In regions like Sub-Saharan Africa, where financial inclusion is a key challenge, TON’s low entry barriers and utility in daily transactions have been transformative, aligning with the region’s high mobile internet usage and need for accessible financial tools.”

Currency depreciation affects most local currencies across African nations driving Africans to adopt cryptocurrencies, especially stablecoins. Notably, airdrop mini-games hosted on Telegram give the opportunity to earn crypto easily to alleviate their financial situation.

In Europe and Asia, TON’s growth is due to regulatory compliance, aligning with fluctuating crypto guidelines. Therefore, institutional adoption is rising in these regions due to compliance.