The Open Network (TON) blockchain has set a new record. Over 17 million users claimed its dog-themed cryptocurrency, Dogs (DOGS). This makes it the largest meme token launch in crypto history.
Despite Pavel Durov's recent legal hurdles in France and the overall buzz around Telegram, TON keeps developing.
TON developers announced the milestone on Telegram. The blockchain, originally created by Telegram in 2018, is now run by independent developers.
The numbers are staggering. Daily active users hit 1.1 million several times in two weeks. Single-day transactions peaked at 14.4 million.
"DOGS token is now held by 4.5 million unique wallets on TON," the developers said. This puts it in a unique position as it has the most unique token holders on any chain ever, achieved in just two weeks.
Only USDT on TRON and Ethereum have more holders than DOGS. That's pretty wild for a meme token.
The token's inspiration? Pavel Durov's iconic dog drawing. Talk about a ruff start to a crypto project.
Here's the kicker: 53 million users engaged with the DOGS Mini App. Of those, 42.2 million were eligible for the airdrop. And 17 million actually claimed their free tokens.
But TON isn't stopping there. They're gearing up for even bigger launches. Catizen (CATI) and Hamster Kombat (HMSTR) are next on the list.
"In September, we anticipate even larger TGEs," the team said. They're talking tens or even hundreds of millions of new users. That's no small potatoes in the crypto world.
Of course, it's not all smooth sailing. The network will face "technical pressures and possibly some unforeseen issues," the developers admitted. But they're committed to tackling these challenges head-on.
At the time of writing, Dogs is trading for $0.001047. It's up 2.6% in the last 24 hours, with a market cap of $541,450,195. Not too shabby for a pup.