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TON blockchain accounts for more than 50% of Layer-1 transaction volume in September 2024

According to CryptoQuant data, the TON blockchain accounted for more than 50% of Layer-1 transaction volume in September 2024, surpassing Ethereum and Avalanche.

This achievement is mainly attributed to TON’s thriving GameFi ecosystem, especially games such as Hamster Kombat and Catizen, which have significantly increased user engagement and total value locked (TVL). In September, TON’s TVL grew by nearly 40%, from $312 million to $432 million.

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