TON Blockchain Dominates User Engagement in 2024

The TON blockchain has witnessed remarkable growth, driven by an uptick in daily active users and increased market engagement.

A significant factor in this expansion has been the success of Telegram mini-apps, which have attracted a large user base, pushing the network to surpass 5 million active users by mid-2024.

Throughout the second half of 2024, TON’s performance stood out, as it consistently led the market in terms of daily active addresses. A notable peak in early October marked a record number of active addresses, likely spurred by a significant event such as a network upgrade or a new feature release. This surge indicates a direct link between major developments on the network and user participation.

Even after this initial spike, TON maintained higher levels of daily activity compared to most other blockchain networks. Its ability to sustain growth and engagement set it apart from competitors in 2024.

The relationship between Toncoin’s price and user participation has also been evident. Data from Glassnode reveals that, historically, Toncoin’s price movements have mirrored shifts in user engagement. For example, in late 2023, the price of Toncoin soared from around $1 to over $5, coinciding with a significant increase in active users.