Bitget Wallet introduces cross-chain support for TON tokens, enabling seamless token swaps across 14 different chains. The TON network experiences significant user growth, attributed to new features and rising demand, positioning TON as a top cryptocurrency by market capitalization.
Bitget Wallet Enhances TON Trading and Introduces Cross-Chain Support
Victoria, Seychelles, July 4, 2024—Bitget Wallet, a prominent Web3 wallet within the TON ecosystem, has launched new cross-chain support for TON tokens. This upgrade allows users to seamlessly swap TON tokens with mainnet tokens across 14 different chains, including Ethereum, Solana, and USDT, directly within the wallet platform.
Impact on User Growth:
The TON network has experienced a surge in monthly active users, growing from 228,000 at the start of the year to 4.64 million. This increase is partly attributed to the Tap2Earn mini-game craze. Concurrently, the price of TON has risen over fivefold in the past year, securing its position as one of the top ten cryptocurrencies by market capitalization.
Future Plans and Integration:
Alvin Kan, COO of Bitget Wallet, highlighted the company’s commitment to enhancing the TON ecosystem by introducing more features, including token swaps and seamless interoperability between different tokens on the TON network.
New Features:
– Effortless TON wallet creation for managing on-chain assets.
– Integration with the TON Connect protocol for seamless DApp connections.
– Launch of a dedicated TON Tap2Earn Zone, showcasing trending Tap2Earn projects.
Backing by Telegram’s vast global user base of 1.3 billion registered users and 900 million monthly active users further bolsters the TON blockchain and its ecosystem projects.
About Bitget Wallet:
Bitget Wallet is Asia’s largest Web3 wallet, serving over 20 million users globally. It supports a comprehensive range of services, including asset management, swap trading, NFT dealings, and DApp interactions, across more than 100 major blockchains and over 250,000 cryptocurrencies.
Solana Meme Coins Outperform Ethereum in 2024
Market Shift:
According to a CoinMarketCap report, Solana-based meme coins have outperformed their Ethereum counterparts by 8,469% to 962% in the first quarter of 2024. This trend marks a notable shift in the cryptocurrency market dynamics, where meme coins are gaining traction against traditional narratives like smart contracts and DeFi.
Growth Metrics:
The Solana ecosystem introduced over 20 new tokens in Q2 2024, eclipsing Ethereum’s 14 new tokens. Popular meme coins like dogwifhat (WIF) and Bonk Inu (BONK) have contributed significantly to Solana’s rise.
Ethereum Performance:
Despite this, Ethereum remains dominant in the Layer 1 smart contracts market with 62.11%. Recent milestones such as the SEC approval of Ethereum Spot ETFs supported its prominence. Yet, Solana and Binance Smart Chain have gained considerable market shares, with Solana boasting over 1.6 million active daily addresses.
Financial Metrics:
Ethereum continues to lead in fee income, generating approximately $2.7 million in daily revenue, in comparison to Solana’s $900,000. However, Solana’s native token SOL has notably outperformed Ethereum’s ETH, with SOL valued at $143.25 and ETH at $3,310.
New Rising Star: Pawfury (PAW)
Amid these significant trends, another emerging opportunity is Pawfury (PAW). Having raised $4.23 million in its presale, and with the current price at $0.01043, Pawfury has captured significant attention. Analysts foresee Pawfury reaching $5 by the end of 2025, suggesting a 15,000% ROI. The buzz is amplified by upcoming listings on major exchanges, making Pawfury more accessible and likely driving up its value.
To celebrate PawFury’s achievements, early investors can use the promo code TOKENBONUS10X for a limited-time 10% bonus as part of their staking rewards program. This initiative offers a compelling opportunity for those looking to capitalize on high-yield staking rewards with competitive APY.
By integrating both innovative platforms like Bitget Wallet and fast-growing opportunities like Pawfury, investors have multiple avenues to explore within the ever-evolving cryptocurrency landscape.
