A record-breaking number of participants claimed Dogs (DOGS) on the layer-1 blockchain The Open Network (TON) during the recent airdrop of this new memecoin, as reported by the developers of the project.
In a recent update on the messaging platform Telegram, the TON developers announce that Dogs has established itself as the “largest meme Token Generation Event (TGE) in the history of cryptocurrency.”
The TON blockchain was initially launched by Telegram in 2018, but has since been managed by a global group of independent developers.
“Seventeen million users have claimed DOGS tokens. Over the past two weeks, our daily active user addresses frequently reached 1.1 million, while singular daily transactions peaked at 14.4 million. The distribution of DOGS tokens has significantly contributed to this increase. Presently, DOGS tokens are held in 4.5 million unique wallets on TON, giving it a distinctive status – it has the most unique token holders of any blockchain to date, achieved in just two weeks. Only USDT on TRON and Ethereum have a greater number of holders than DOGS.
DOGS, a meme initiative on TON inspired by 
Pavel Durov’s famous dog illustration, has achieved the largest meme TGE in cryptocurrency history.
- 53 million users interacted with the DOGS Mini App.
- 42.2 million individuals were eligible for the token airdrop.
- Seventeen million users claimed their airdropped tokens.
- 4.5 million unique holders.”
The developers at TON are also forecasting even larger TGEs for forthcoming airdrops on the TON blockchain, including Catizen (CATI) and Hamster Kombat (HMSTR).
“These user engagement levels were previously unimaginable in Web3. We anticipate even larger TGEs for Catizen and Hamster Kombat in September, potentially bringing tens or even hundreds of millions of users to the blockchain for the first time. Although the network will undoubtedly face more technical challenges and possibly unforeseen issues, we remain steadfast in our commitment to constructing solutions and addressing these challenges as we strive for mass adoption.”
Currently, Dogs is trading at $0.001047, reflecting a 2.6% increase in the last 24 hours. The memecoin boasts a market cap of $541,450,195.
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Featured Image: Shutterstock/Sabura/Natalia Siiatovskaia
