The TON network has witnessed a significant decrease in its daily active users, plummeting from a peak of over 5 million to 1.58 million, as reported by data from IntoTheBlock.<\/p>\n
This substantial decline has sparked discussions about whether the previous excitement is fading away or if a new wave of enthusiasm is approaching.<\/p>\n
An analysis of TON’s daily active addresses history reveals a series of rapid growth spurts, often linked to specific events or broader market thrill. In the initial phase, from late October to mid-December, user engagement remained relatively steady, with no major spikes.<\/p>\n
However, the timeframe from late December to mid-March indicated a gradual rise, signaling a burgeoning interest among users.<\/p>\n
From mid-March to late April, there was a sharp spike in daily active addresses, potentially fueled by price surges and intensified market attention. The period from May to early July exhibited fluctuations with short-lived peaks.<\/p>\n
Another substantial surge was noted from late August to early October, marking the year’s peak activity levels.<\/p>\n
Despite this, the user engagement has recently declined, stabilizing at 1.58 million\u2014albeit higher than previous levels.<\/p>\n
At the time of reporting, TON was trading at $5.26, representing a decrease of -0.34% in the past 24 hours and an increase of 2.11% over the last week. The trading volume stands at $299.64 million, with an approximate total market capitalization of $13.32 billion.<\/p>\n
Of note, a significant 91% of the token’s supply is in the hands of large holders, indicating a notable level of centralization.<\/p>\n
While 73% of holders are experiencing losses and only 15% are in profit, the market sentiment remains cautious. The low price correlation with Bitcoin (at 0.12) suggests that TON’s movements are not heavily swayed by Bitcoin’s price trends.<\/p>\n
Transactions exceeding $100,000 over the past week totaled $42.01 billion, but there was a net exchange outflow of $8.81 million, indicating more TON leaving exchanges than entering.<\/p>\n
On-chain metrics for TON predominantly exhibit a bearish sentiment. Three bearish signals include: “In the Money” (-0.14), reflective of low profitability among holders; concentration (-0.04), hinting at centralization; and large transactions (-0.23), indicating reduced activity in big-money movements.<\/p>\n
However, the sole bullish signal is net network growth (+2.97%), suggesting possible user expansion despite the current downtrends.<\/p>\n
Futures open interest has seen fluctuations, with Coinglass data showing a peak above $300 million in early August, which has now decreased to $214.18 million, a 1.99% drop in recent trading.<\/p>\n
While current metrics indicate a cooling phase, historical data suggests that TON’s user base could rapidly expand during periods of renewed interest or significant market developments.<\/p>\n","protected":false},"excerpt":{"rendered":"
The TON network has witnessed a significant decrease in its daily active users, plummeting from a peak of over 5 million to 1.58 million, as reported by data from IntoTheBlock. This substantial decline has sparked discussions about whether the previous excitement is fading away or if a new wave of enthusiasm is approaching. An analysis<\/p>\n","protected":false},"author":1,"featured_media":28292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-28291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/28291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/comments?post=28291"}],"version-history":[{"count":2,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/28291\/revisions"}],"predecessor-version":[{"id":28294,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/28291\/revisions\/28294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media\/28292"}],"wp:attachment":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media?parent=28291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/categories?post=28291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/tags?post=28291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}