Crypto Investors elation over now airdrops and additional rewards fueled TON Network’s TVL, However how long-lasting is this tactic?

Now Toncoin(TON) is the native’s crypto coin of the One Network, a crypto first-layer of blockchain developed by the Telegram application. The TON virtual ecosystem is many driven by Telegram’s 900 million Users. TON Network has In terms of total value locked, s overtook Optimism to rank as the tenth largest blockchain (TVL).

TON Network’s declining volumes and airdrop

TON Network’s many most successful In terms of total value locked (TVL), the decentralized exchanges DeDust and Ston Fi are in the lead with $383 million and $301 million in deposits, respectively. A closer look at the network’s activities reveals that, despite this seeming success, some of its top DApps are having difficulty maintaining volume, with user growth being mostly driven by a small number of airdrops.

This week ending 19 July, the two biggest TON Network, DeDust faced a 63% now drop in volumes, to ston fi saw a 38% decrease in turnover. The next growth on unique run on active or addresses, a proxy for the fast number of investor users engaging the network’s DApps, their driven by airdrop for mini-games, addon CatizenAI and Yescoin. Newly launched targeting the play-to-earn market, TON finance app like had now 19% fewer last weekly users, on Ston FI saw only a 4% in the active our addresses the same period. The distribution of tokens in freshly released projects, like as Pixelverse, has also drawn criticism.

On the social network X, a user nicknamed MB noted dissatisfaction about how the Pixelverse token launch incentivized bots by giving users rewards for just setting up an account and adding it to social networks. Analysis also revealed revealed vesting information is lacking, and influencers (KOLs) have received almost all of the funds, which adds to the sell pressure.

Source: Mbismail22

The demand for TON is heavily reliant on the expansion of The Open Network’s DApps ecosystem, though it has no direct influence over the projects that are introduced on its blockchain. The oversight of token releases on the TON Network has a direct impact on this growth. Since that this ecosystem continues to evolve, it seems premature to assess the long term viability of these airdrops and token launches.

Conclusion

A significant victory that could indicate progress for the TON price is the recent surpassing of $760 million in total value locked (TVL) has within the TON (The Open Network) ecosystem. Because more assets are being staked or locked into the network’s smart contracts, this rise in TVL shows that user confidence and involvement are rising.