{"id":21706,"date":"2024-05-31T22:30:14","date_gmt":"2024-05-31T19:30:14","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21706"},"modified":"2024-05-31T20:56:22","modified_gmt":"2024-05-31T17:56:22","slug":"catizen-tops-ton-ecosystem-with-10m-revenue","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/catizen-tops-ton-ecosystem-with-10m-revenue\/","title":{"rendered":"Catizen Tops TON Ecosystem with $10M Revenue"},"content":{"rendered":"

Based on on-chain data, Catizen<\/strong> is the fastest-growing application in the TON ecosystem<\/a> and the biggest crypto gaming<\/a> community on the Telegram platform, having generated in-game income above $10 million.<\/p>\n

With earnings of more than $10 million and a consistent on-chain user conversion rate of 10%, Catizen<\/strong> has exceeded 10 million gaming users. Especially over half of current members are paying consumers, suggesting Catizen<\/strong> has effectively reached the sizable consumer base blockchain projects have long been looking at. Catizen<\/strong> seeks to create actual consumer-grade distributed apps, therefore transforming Web3 technologies into really consumer-oriented ones.<\/p>\n

With its unique story and remarkable data growth as the as the central focus of this bull market, the TON blockchain ecosystem is fast expanding. Following Notcoin, many tap-to-earn robot systems have emerged on the TON blockchain ecosystem and draw a lot of Web2 user traffic. Many of these initiatives still lack real on-chain user conversion, though. Data manipulation is easily accessible for Telegram users using reasonably priced tools.<\/p>\n

The TON Foundation planned the Open League competition during this ecosystem surge in order to solve this. The competition seeks to assess among the ecosystem’s most interesting, well-known, on-chain conversion-capable applications.<\/p>\n

The Open League consists of applications and token rankings. Particularly interesting are the application rankings, which evaluate applications depending on user base, active users, efficient on-chain user recognition, and on-chain interaction frequency. This multi-dimensional assessment guarantees fair competition and keeps projects from using low-cost or Telegram-based unfair data manipulation.<\/p>\n

The TON official Open League season rankings place the cat-raising game Catizen #1<\/strong> in the application rankings, followed by Yescoin in second place and the inscription project Tonano in third place.<\/p>\n

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Over the past two months, Catizen<\/strong> has seen fast expansion, with about 10 million gamers, almost 2 million daily active users, over 700,000 on-chain users, and almost 400,000 paying users. Previously, Catizen<\/strong> became a major focus of the TON ecosystem as an official project of TON and Telegram exhibited at the Hong Kong Web3.0 Blockchain Week, TON Day, and TOKEN 2049 Dubai.<\/p>\n

Catizen<\/strong> came in first in the Open League Application Rankings from last quarter. Within two months of its debut, Catizen’s<\/strong> in-game purchase income topped $10 million, surpassing other projects in the ecosystem based on on-chain data.<\/p>\n

In order to help Notcoin reach token deflation, Catizen<\/strong> has also signed a strategic alliance with Notcoin, facilitating $NOT payments on its platform and burning 10% of its income\u2014roughly $5 million in $NOT. For a number of reasons, Catizen<\/strong> is regarded as the most exciting project developing out of Notcoin:<\/p>\n