Telegram Wallet until the end of June toncoin announced that it will not charge any fees for withdrawing USDT to other wallets in its network. TON Foundation is putting out 11 million Toncoins to encourage people to use USDT on TON.
But it is important to note here that USDT on TON is not currently available for users in the United States. There may be regulatory reasons behind this limitation.
New Changes in TonCoin
This could significantly increase USDT circulation and usage in TON, making TON a more attractive platform for USDT transactions. With more users and transactions, TON may see an increase in overall network activity. This could potentially mean more transaction fees, which could support the security and development of TON in the future.
In terms of overall activity, as reported by Koinfinans.com, it can be seen that the number of daily active users on the network increased by 19.6% last month. Additionally, the revenue generated by TON increased by 266.3% in this period. If the USDT incentive system for TON goes well, it could help the network generate even more revenue and stay on a positive trajectory.
Additionally, according to Token Terminal’s data, the number of core developers on the network has increased by 22% in the last 24 hours. Additionally, the number of code commits increased by a whopping 179%.
More developers can fuel a wider range of applications and features in TON, enriching the overall user experience and attracting a broader user base. As developers build more applications on TON, the network can leverage their code and functionality, increasing its scalability and transaction processing capabilities.
Despite these positive updates on the network, TON has been seeing red lately. At the time of writing, TON was trading at $6.16 and its price fell 10.79% in the last 24 hours. However, network growth for TON has also decreased over the past few days. This could be a sign that new addresses are losing interest in the TON token.
If new addresses continue to show no interest in TON, the price may drop further in the future.
