The recently launched tap-to-earn (T2E) game DOGS on Telegram has captured the attention of 53 million users, making rapid strides in the gaming community. The game’s distribution of tokens in August resulted in 4.5 million wallet addresses, positioning DOGS as one of the most widely held tokens on the blockchain.
Massive Token Airdrop Propels Growth
On September 4th, the DOGS project orchestrated an airdrop of approximately 40 billion DOGS tokens within a span of two days. An impressive 17 million users claimed their tokens, influenced by the project’s homage to Pavel Durov’s iconic dog drawing. This event stands as the largest meme token creation in cryptocurrency history. DOGS boasts 1.1 million daily active addresses and recorded 14.4 million transactions in a single day.
A project statement highlighted, “The rapid expansion and extensive user base of DOGS have enabled the token to surpass others in the T2E gaming sector.”
Introducing GhostDrive Platform
Last week, DOGS achieved a market valuation of $700 million and commenced trading on major crypto exchanges such as Binance and Bybit. To commemorate these milestones, DOGS launched GhostDrive, a Web3 storage platform designed for secure data storage and monetization. GhostDrive currently has over 740,000 monthly users.
The project team remarked, “GhostDrive provides a decentralized and censorship-resistant solution, giving users full control over their data.”
Concrete Success Indicators
Key achievements of the DOGS project include:
- Reached 53 million users on Telegram.
- 4.5 million wallet addresses created from token distribution.
- 40 billion DOGS tokens airdropped in two days.
- Market value hit $700 million.
- Trading commenced on top exchanges like Binance and Bybit.
- Introduction of GhostDrive with over 740,000 monthly users.
Simultaneously, another game on Telegram, Catizen (CATI), marked its six-month anniversary with 34 million players. With 800,000 paying users and an average revenue of $33 per user, Catizen players constitute 22.4% of Telegram Premium subscribers. The Catizen token, still in pre-markets, is poised for a full launch on September 20th, allowing users to trade these assets alongside major cryptocurrencies.
The swift rise of DOGS has solidified its position as a prominent token on the blockchain. Coupled with the innovative GhostDrive platform, DOGS continues to offer secure and advanced data management solutions. These milestones indicate the growing influence of Telegram-based games in the cryptocurrency market.