TON Network Sees Massive USDT Usage as Real-World Transactions Surge Over 3 Million

• TON’s network processed 3.2M USDT transactions in 30 days, showing real utility beyond memecoins and gaming projects.
• USDT leads with 71.32% share on TON, while Catizen and RabBitcoin follow with 10.29% and 7.57%, respectively.
• TON’s USDT volume crossed $1B, up 670% in six months, reflecting stablecoin growth in global commercial transactions.

According to data from CryptoQuant, active usage on the TON network shows a significant trend of real transactions involving USDT. Over the past year, TON has gained considerable attention due to its price performance, which has outpaced Bitcoin by 125% year-to-date. 

While some argue the network primarily supports memecoins and gaming projects, transaction data suggests a broader range of activity, with notable focus on stablecoin transactions.

USDT Leads TON Network Activity

TON’s workchain recorded 3,252,156 USDT transactions within 30 days, making USDT as the most actively traded token on the network. Other popular tokens, like Catizen and RabBitcoin, account for 469,138 and 345,159 transactions, respectively. 

This data indicates that the TON network isn’t solely focused on speculative projects but rather supports real transactions, with USDT activity representing 71.32% of total transactions. In comparison, Catizen and RabBitcoin represent 10.29% and 7.57%, respectively, while other tokens have significantly smaller shares.

Stablecoin Integration Strengthens Network Appeal

Few weeks ago, Ton network surpassed $1 billion in USDT transaction volume recently, a 670% increase over the past six months. This aligns with global stablecoin adoption trends, with countries like South Korea actively using USDT for commercial transactions. Such integration suggests that TON is positioned for utility beyond niche projects, tapping into a stablecoin market that offers broader real-world use.

Toncoin Faces Bearish Market Conditions

Despite the positive transaction activity, the TONCOIN/USDT trading pair shows a bearish trend. At press time, TON was trading at $4.601, down 0.48% in the past 2 hours. Key technical indicators reflect this, with an RSI of 27.653, signaling oversold conditions.

Additionally, the MACD indicator shows a recent bearish crossover, suggesting potential for further declines if support at $4.600 breaks. However, if RSI crosses back above 30 and the MACD turns positive, a short-term recovery may be possible.