As a seasoned analyst with over two decades of experience in the tech and crypto industries, I must admit that the rapid growth and success of DOGS and Catizen on Telegram is nothing short of impressive. Having witnessed the rise and fall of numerous projects, it’s refreshing to see innovation and community engagement driving adoption at such a phenomenal scale.
As a researcher, I’m excited to share that the Tap-to-Earn game, DOGS, which I’ve been following on Telegram, has achieved an impressive landmark. A whopping 53 million users have actively engaged with this innovative platform, demonstrating its widespread appeal and potential for continued growth.
As per a recent disclosure, the token issued to users in August is now being stored in approximately 4.5 million digital wallets on The Open Network (TON) – a mere two weeks following its debut. This places DOGs among the blockchain tokens with the broadest distribution, trailing only behind USDT on TRON and Ethereum in this regard.
40 Billions DOGS Airdropped in Two Days
Between September 4th and 5th, the creators of a mini-app distributed approximately 40 billion DOGS coins to users for a span of two days. In the end, an astounding 17 million individuals have collected their DOGS tokens. The project, modeled after Pavel Durov’s famous canine sketch, broke records with the largest meme token launch event (TGE) in the history of crypto. This fast-growing venture has sparked high levels of user engagement, boasting 1.1 million daily active addresses and single-day transactions reaching a staggering 14.4 million.
Just last week, DOGS managed to hit a market capitalization of a whopping $700 million, outperforming other tokens within the T2E gaming niche. This innovative digital currency can now be traded on various prominent cryptocurrency platforms such as Binance and Bybit.
To mark these achievements, DOGS has introduced GhostDrive, a cutting-edge Web3 storage service with more than 740,000 monthly users. With GhostDrive, users can securely store their data and generate income by monetizing it via pay-per-view, streaming, or ad networks.
The platform, developed as a mini app on the TON blockchain within Telegram, connects with LEO satellite nodes, empowering users to manage their data independently. It provides a decentralized and censorship-resistant solution for data handling, offering more than just basic storage options. DOGs invites users to leverage GhostDrive’s unique features for secure and private data management.
Telegram-Based Games on the Rise
Additionally, it’s worth noting that DOGS isn’t the only game on Telegram that’s growing popular within the crypto market. This week, Catizen (CATI) marked its six-month milestone, boasting an impressive 34 million users interacting with the platform.
As an analyst, I’ve uncovered some fascinating insights about the user base and revenue of the game I’m studying. Specifically, it boasts approximately 800,000 paying users, each generating an average of $33 in revenue – a substantial figure indeed. Furthermore, an intriguing revelation was made by Catizen: its players make up around 22.4% of all Telegram Premium subscribers. To put it simply, this suggests that a staggering 2.24 million of the messaging app’s paid user base are also enthusiastic participants in our game.
Before its official launch on September 20th, Catizen’s token is currently being traded in pre-market exchanges like Bybit, OKX, and Bitget. Upon its release, users will have the opportunity to trade this virtual currency alongside other major cryptocurrencies on active spot markets.
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2024-09-10 18:27