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Blockchain Around Telegram Witnessed Explosive Growth in Transactions

Sep 30, 2024
  1. Massive Growth in Transactions
  2. Start of HMSTR Airdrop
  3. Community Reaction and Token Listing

Popular on-chain data aggregator IntoTheBlock has reported that The Open Network blockchain (TON) associated with the Telegram messaging app has witnessed a massive surge in transactions.

Massive Growth in Transactions

In merely a single day, the number of transactions skyrocketed to 15.49 million transfers, soaring by more than two times. This mammoth jump took place on Friday. IntoTheBlock explains this spike by a sharp increase in the hype around the much-awaited release of the HMSTR token from the Hamster Kombat game on exchanges and its airdrop.

Start of HMSTR Airdrop

On Sept. 27, the team behind the Hamster Token game, based on Telegram with more than 300 million monthly users, started its long-promised airdrop of HMSTR tokens. Millions of users will receive their tokens earned in the aforementioned game by tapping on their screen and performing various in-game tasks and overcoming challenges within the game.

Yesterday, we witnessed the beginning of the largest airdrop in crypto history. 131M qualified users getting their paws on Hamster Tokens on #TON.TON

Community Reaction and Token Listing

According to a tweet published by the game’s account to share the results of season 1, only 131 million users out of 300 million players will be able to claim their tokens. The team stated that 2.3 million players were banned as cheaters, and 30.6 million qualified users failed to choose their withdrawal method before the deadline. Many long-term players were deeply disappointed and upset by such a pivot. Meanwhile, the HMSTR token has been listed on major exchanges, such as crypto.com and Binance, to begin trading.

The results of Season 1 have been finalized: Over 300 million people have joined Hamster Kombat since March 26, 2024, 131 million qualified for the airdrop, and around 2.3 million were banned as cheaters.

The surge in transactions on the TON network, associated with the release of the HMSTR token and its airdrop, highlighted significant interest and activity among users. These events confirmed the project's popularity and importance within the Telegram ecosystem.

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