1. Identified Disparity
2. Possible Reasons
3. Project Growth and Partnership with Telegram

Analyst Shiven Moodley identified a discrepancy between The Open Network’s (TON) market capitalization and circulating supply.

Identified Disparity

Shiven Moodley, an analyst at Cryptoquant, noticed a disparity between the market capitalization of TON and its circulating supply. This may suggest that some TON tokens are either locked up or held for the long term, impacting liquidity.

Possible Reasons

According to Moodley, some TON tokens might be locked or held long-term, restricting their market availability. This can be related to mechanisms designed for long-term investment or to incentivize network participants.

Project Growth and Partnership with Telegram

Moodley highlighted TON’s impressive growth since August 2021, pointing out the network’s high throughput capacity, which boosts its scalability. The analyst also emphasized the importance of TON’s partnership with the messaging platform Telegram, significantly aiding the project's development.

Moodley’s analysis points to crucial aspects affecting The Open Network's (TON) liquidity and growth potential. The partnership with Telegram also played a vital role in advancing the network.