The TON blockchain has seen remarkable growth in 2024, with daily active users surpassing 5 million by mid-year. This success can be attributed to the widespread adoption of Telegram mini-apps, which have drawn mainstream attention and driven user engagement. Data from IntoTheBlock shows that TON has maintained the highest activity levels in the market, with spikes in daily active addresses indicating key events such as network upgrades or new feature releases.
Despite a decline in activity following a peak in early October, TON’s daily active address count has remained higher than other crypto assets. The price of Toncoin (TON) has shown a strong correlation with user engagement, with significant price increases coinciding with spikes in user activity. In late 2023, TON’s price surged from around $1 to over $5, leading to a peak in active addresses of over 7 million. However, both user activity and the price of Toncoin declined in early 2024, indicating that the network’s participation is highly sensitive to price movements.
At the time of writing, Toncoin (TON) was trading at $5.47, recording a 2.00% increase over the past day. Despite the price increase, trading volume declined by 10.03%. The market capitalization of Toncoin is $13.95 billion, with a circulating supply of 2.55 billion TON out of a total supply of 5.1 billion. It is important to note that the information presented in this article is for informational and educational purposes only and does not constitute financial advice. Readers are advised to exercise caution before taking any action related to the company mentioned.
