DOGS Trails Behind USDT & Ethereum for Holder Count

Telegram-native meme coin DOGS has set a remarkable new record.

In just two weeks, 17 million users claimed the airdropped DOGS tokens, significantly boosting blockchain activity.

With 4.5 million unique holders, DOGS now leads as the token with the highest number of unique holders across any blockchain.

Daily active addresses on TON surpassed 1.1 million, with transactions peaking at 14.4 million.

Additionally, 53 million users engaged with the DOGS Mini App to claim their tokens, driving adoption.

Currently, DOGS is only outpaced by Tether's USDT on TRON and Ethereum in terms of holder count.

According to data from Tonviewer, over five million wallets now hold DOGS on the TON blockchain, showcasing its swift and substantial market impact.

The surge in transactions underscores the massive interest generated by DOGS, a meme token on the TON blockchain inspired by Pavel Durov's iconic dog drawing.

This widespread distribution has not only heightened user engagement but also established a new benchmark for meme coin token generation events (TGEs) in the cryptocurrency landscape.

Success of DOGS Brings Anticipation for Upcoming TGEs

As interest in Telegram-based projects grows, DOGS has rapidly emerged as a leading figure in the meme coin space.

Distinguishing itself from other meme tokens, DOGS offers tangible utility within the Telegram ecosystem, leveraging the TON blockchain.

The strategic distribution of tokens to long-time Telegram users has further enhanced its appeal.

The success of DOGS, whose airdrop will be finalised by 26 September, sets a compelling precedent for upcoming TGEs in September.

Anticipated projects such as Catizen and Hamster Kombat are expected to draw even larger audiences, potentially introducing tens of millions of new users to the blockchain.

While this surge in activity may present technical challenges, the commitment to overcoming these hurdles remains strong.

The expanding adoption of blockchain through these events underscores the growing appeal of token-based ecosystems to a wider audience.