Into a recent stats show a big drop in daily users on The Open Network (TON). They shared a chart on X showing the sharp decline TON's been facing over the past few weeks.

Key Takeaways

1. TON’s User Drop: The TON blockchain has seen a major decline in daily active users, falling from over 5 million to 1.58 million in just a few weeks.
2. Impact of Market Volatility: The drop coincided with a broader market downturn and issues with Telegram, impacting user engagement significantly.
3. Opportunities for Recovery: Despite the dip, airdrops and integrations like Alchemy Pay could help boost user numbers and drive future growth.

Toncoin Struggles to Gain Momentum

Toncoin, TON’s native coin backed by Telegram, has had a rough time lately. Even though user activity spiked in early September, it hasn't managed to keep up the momentum.

Early September Boost Thanks to Crypto Gaming

According to DappRadar, TON’s daily users surged in early September because of a boost in the crypto gaming space. Games like Catizen and Yescoin were the main reasons behind this growth, bringing in more users through Telegram.

Big Drop in Daily Addresses

But that spike didn’t last. By October 21, daily active addresses on TON had dropped to 1.58 million, way down from the peak of 5.16 million on September 27. This dip happened alongside lower network activity and rising market volatility.

Read More: TON Meme Party Daily Combo 21 October: How to Play and Win Big.

Decline in New and Zero-Balance Addresses

The drop wasn’t just in active users—new and zero-balance addresses fell too, going from 2.58 million and 346,000 to under 650,000 and 68,000. This shows a serious decrease in user engagement overall.

TON’s Pattern: Hype Cycles and Market Swings

Into the analysts point out that TON’s user activity often spikes around big events and hype. But with the current market slump, active users have taken a nosedive. Telegram's recent issues, like the controversy over its founder Pavel Durov’s imprisonment, also seem to have played a part.

Airdrops and Integrations Could Boost Users

Even with the recent drop, there’s been activity with airdrops like Dogs and others. Plus, new integrations like Alchemy Pay could attract more users and spark network growth in the coming weeks. Don’t miss out—buy TON now on Bitrue and be part of the next wave!

FAQ

Q1: Why did TON’s daily users drop so sharply?

A1: The decline is tied to overall market volatility and recent issues with Telegram’s founder, Pavel Durov.

Q2: What caused the early September spike in user activity?

A2: Increased activity in crypto gaming, especially from dApps like Catizen and Yescoin, drove the surge in early September.

Q3: Can TON’s user numbers bounce back?

A3: Yes, with upcoming airdrops and integrations like Alchemy Pay, there’s potential for user growth to rise again.

Conclusion

While TON’s user numbers have taken a hit lately, there’s potential for a rebound. With the right events and integrations, the network could see activity levels rise again, but it remains to be seen if it can sustain long-term growth.

Bitrue Official Website:

Website: https://www.bitrue.com/

Sign Up: https://www.bitrue.com/user/register

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.