As Web3 Emerges on TON, NFT Transactions See a 400% Spike on Telegram

With the rise of Web3, Telegram has captured attention with a remarkable 400% increase in NFT transactions on TON. A recent report by Helika noted that NFT transactions on the network surged by 400% in Q3 2024, sparking discussions among market participants.

Here are five reasons behind this surge in NFT transactions:

5 Reasons Why NFT Transactions Spiked 400% On Telegram

According to a report by Helika, Telegram games on TON have become a popular trend. Games like Notcoin, Catizen, and Hamster Kombat have gained traction, leveraging Telegram’s massive user base of 900 million to drive NFT transactions.

The report from Helika highlighted significant growth in the Telegram gaming space, with some games attracting over 100,000 users monthly. This growth, particularly in games like Hamster Kombat and Catizen, has contributed to the surge in NFT transactions on the network.

User Behavior Shift Indicates Growth

Data shows that average user session length on the network has increased from 2.8 minutes to 6.7 minutes, indicating longer user engagement and overall network growth. This shift in user behavior aligns with the increase in NFT transactions involving sales, purchases, and in-game usage.

Rise Of Wallets On Telegram With Web3 Games

The report also revealed that popular games like Catizen, Cat Gold Miner, and GAMEE had over 3 million active wallets in September engaging in NFT transactions. This rise in active wallets could be another contributing factor to the surge in NFT transactions on Telegram.

Catizen, X Empire, Gamee, & Others Magnetize Users

Games like Catizen, Gamee, X Empire, and others have seen significant growth metrics. Catizen’s airdrop distribution, Gamee’s surge in volume and transactions, and X Empire’s large user base and token issuance have all contributed to the increase in users on the network.

Role Of TGA (Telegram Gaming Accelerator)

The partnership with Notcoin and the impact of the Telegram Gaming Accelerator have been crucial in driving growth in the TG ecosystem. The accelerator attracted applications from hundreds of games across various genres, offering users and developers opportunities to explore the network’s potential.

Telegram Games Offer Seamless User Experience

Key factors driving user engagement on the network include integrated user experience, social integration, unique blockchain features, innovative gameplay, and the potential for wider reach. These factors combined have led to a significant surge in NFT transactions on Telegram.

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