Key Points:
- TON blockchain’s daily active users have plummeted from 5.16 million to 1.58 million.
- The drop aligns with broader market turbulence and reduced activity.
- Telegram-based apps, once driving user growth, have also seen diminished engagement.
- Despite the decline, upcoming events and integrations may revive activity.
Sharp Decline in Active Users on TON Blockchain
The Open Network (TON) blockchain has seen a significant drop in daily active users, according to recent on-chain data from analytics provider IntoTheBlock. The decentralized layer-1 blockchain, supported by Telegram, experienced a sharp fall in active user engagement, a trend reflected in a chart shared by IntoTheBlock on X (formerly Twitter).
TON’s daily active addresses reached a peak of 5.16 million on September 27, buoyed by rising activity in the crypto-gaming sector. However, by October 21, that number had plummeted to just 1.58 million. This drastic decline mirrors the broader challenges facing the cryptocurrency market, which has seen reduced network activity and slowed momentum in recent weeks.
Challenges Facing TON and the Crypto Market
The drop in daily active users comes as Toncoin, the native token of the TON blockchain, has struggled to gain upward momentum. According to a DappRadar report, the initial surge in users on the TON network was driven by decentralized applications (dApps) on Telegram, particularly those tied to the gaming sector. Popular platforms like Catizen and Yescoin were key contributors to user growth during that period.
However, the downturn in user engagement has been steep. Along with the fall in daily active addresses, the number of new addresses and zero-balance addresses has also decreased. New addresses dropped from 2.58 million to less than 650,000, while zero-balance addresses fell from 346,000 to 68,000.
Analysts from IntoTheBlock have pointed out that TON has seen such sharp declines before, typically following spikes in activity during major events or hype cycles. This latest drop appears to be part of a broader market slowdown, with external factors such as Telegram’s challenges—particularly the recent arrest of founder Pavel Durov—potentially contributing to the reduced activity on the network.
Despite the downturn, upcoming events on the TON blockchain, such as airdrops and new integrations, could provide a boost. Major airdrops like “Dogs” sparked previous increases in user engagement, and the recent integration of Alchemy Pay may offer new incentives for users to return to the network. However, whether these efforts will be enough to reverse the current trend remains to be seen.
TON, like many blockchain networks, is highly susceptible to fluctuations in the market and shifts in user engagement, making its future activity levels hard to predict.
