These Altcoins Have Much More Users Than PEPE – But Why?

According to Onchain data, the number of users of some tokens on Toncoin ($TON), one of the most talked about altcoin ecosystems of recent times, attracts attention.

The five largest tokens in the $TON ecosystem, $TON has 19.39 million on-chain addresses, $USDT has 1.54 million, CATI has 1.09 million, NOT has 2.86 million, and DOGS has 5 million on-chain addresses.

For comparison, PEPE, one of the largest memecoins in the Ethereum ecosystem, has only 280 thousand on-chain addresses, which shows the superiority of tokens in the $TON ecosystem in terms of the number of users.

However, the messaging app Telegram, which is probably the big force behind Toncoin, plays a role in reaching this number of users. A significant portion of these tokens are used as memecoins and game tokens, and these games can also be played on Telegram.

In addition, on the $USDT side, Telegram recently launched an innovation where users can send $USDT to each other directly from within the application. This may be the main factor in the large number of addresses.

*This is not investment advice.