{"id":97077,"date":"2024-10-21T20:05:58","date_gmt":"2024-10-22T00:05:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=97077"},"modified":"2024-10-21T20:07:26","modified_gmt":"2024-10-22T00:07:26","slug":"ton-blockchain-sees-drop-in-daily-active-users","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ton-blockchain-sees-drop-in-daily-active-users\/","title":{"rendered":"TON Blockchain Sees Significant Drop in Daily Active Users"},"content":{"rendered":"\n

On-chain statistics from IntoTheBlock indicate that there has been a notable decrease in the number of daily active users <\/a>on The Open Network blockchain.<\/p>\n\n\n\n

\"TON
TON Blockchain Sees Significant Drop in Daily Active Users<\/figcaption><\/figure>\n\n\n\n

The on-chain stats and analytics service posted a chart on X that shows the dramatic decline in daily active users that the TON network has experienced in recent weeks. <\/p>\n\n\n\n

Throughout this time, Toncoin, the native currency of the decentralized layer-1 blockchain\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> backed by Telegram, has had difficulty gaining traction. <\/p>\n\n\n\n

Early September saw a spike in TON's active daily users as activity in the cryptocurrency gaming industry increased, according to a DappRadar analysis. <\/p>\n\n\n\n

According to TON's blockchain gaming measure, Catizen and Yescoin were two of the decentralized applications that drove user growth in Telegram<\/a>. <\/p>\n\n\n\n

On the other hand, the number of daily active addresses on the TON network dropped dramatically to just 1.58 million as of October 21 after surpassing 5 million on September 27. <\/p>\n\n\n\n

This significant drop from 5.16 million active users at its peak to present levels occurred simultaneously with decreased network activity and market volatility<\/a>.\u00a0<\/p>\n\n\n\n

There was a decrease in both new and zero-balance addresses; the metrics dropped from 2.58 million and 346,000 to less than 650,000 and 68,000, respectively. <\/p>\n\n\n\n

Analysts at IntoTheBlock observed that TON has a history of seeing surges in active user activity following significant events and hype cycles. <\/p>\n\n\n\n

Among a wider market decline, active user counts have significantly decreased. It appears that the decline was accompanied by Telegram's recent issues, which included the fallout from founder Pavel Durov's imprisonment<\/a> and other events. <\/p>\n\n\n\n

There was an increase in Dogs and other major airdrops on the TON network. Network events like the Alchemy Pay integration may increase the number of active users on TON.<\/p>\n","protected":false},"excerpt":{"rendered":"

On-chain statistics from IntoTheBlock indicate that there has been a notable decrease in the number of daily active users on The Open Network blockchain. The on-chain stats and analytics service posted a chart on X that shows the dramatic decline in daily active users that the TON network has experienced in recent weeks. Throughout this […]<\/p>\n","protected":false},"author":43,"featured_media":97078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[22447,11865,13438],"class_list":["post-97077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-active-users","tag-telegram-2","tag-ton-blockchain"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1729554817367.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/97077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=97077"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/97077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/97078"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=97077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=97077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=97077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}