The Open Network (TON) is experiencing substantial growth in daily active addresses, notably surpassing Ethereum. This quiet yet notable growth, driven by Telegram’s massive 900 million user base, positions TON as a strong contender in the blockchain space. Delphi Digital, a leading crypto analysis platform, highlights this trend, underscoring TON’s rapid ascent and its implications for the broader market.
From June 23 to April 24, Ethereum maintained a relatively stable number of daily active addresses, fluctuating between 300,000 and 500,000. A notable spike occurred in late October, where active addresses exceeded 1,000,000, likely due to a significant update or event within the Ethereum network. Despite this brief surge, Ethereum’s daily active addresses returned to their usual range, showcasing the network’s resilience and stability.
In contrast, TON’s daily active addresses remained low until early February, after which there was a marked increase. This upward trend continued steadily, with the number of active addresses nearing those of Ethereum by April. This growth can be attributed to TON leveraging Telegram’s extensive user base, indicating a burgeoning adoption of the network.
Toncoin Sees Major Players Increasing Holdings by 100k to 1M TokensThroughout the observed period, Ethereum consistently maintained a higher number of daily active addresses compared to TON. However, starting from February, the gap between the two networks began to close significantly. TON’s steep upward trend in daily active addresses suggests growing interest and activity within its ecosystem.
As of press time, Toncoin (TON) is priced at $7.57, with a 24-hour trading volume of $667,439,338.68. This represents a 6.82% increase in the last 24 hours and a 4.37% increase over the past seven days. With a circulating supply of 2.4 billion TON, the market cap stands at $18,369,361,266.
