• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Toncoin Surpasses Ethereum in Daily Active Addresses and Positive Sentiment

user avatar

by Giorgi Kostiuk

a year ago


Toncoin Surpasses Ethereum in Daily Active Addresses and Positive Sentiment

Toncoin, the blockchain network associated with the well-known messaging platform Telegram, has demonstrated higher demand compared to Ethereum, the primary Layer 1 blockchain, since the beginning of June.

According to data provided by Artemis, Toncoin has consistently exceeded Ethereum in terms of unique addresses that have completed at least one transaction for 10 of the last 12 days.

Increasing Popularity of Toncoin

On June 3rd, Toncoin achieved a significant milestone with a daily count of 568,300 unique addresses, surpassing Ethereum's 351,400 by 62%. This notable difference has also reflected in the daily count of unique interactions on both platforms, with Toncoin consistently recording more daily transactions than Ethereum since March 12th.

Toncoin hit a peak of 9 million daily transactions on May 17th, while Ethereum recorded 1.1 million unique transactions. Delphi Digital has coined this shift as the 'flippening,' linking Toncoin's surge in daily user activity over Ethereum to Telegram's extensive user base of 900 million.

Profitability Trends of Toncoin

At the time of this report, TON was valued at $7.65, rebounding from a low of $6.76 on June 11th to note an 11% increase in price. The token has witnessed substantial trading volumes in the past 24 hours, with a surge of over 100% in trading volume, totaling $491 million according to CoinMarketCap.

The 9% price hike in the last 24 hours has resulted in profitable outcomes for many TON holders. The altcoin's daily ratio of transaction volume in profit to loss has reached 14.22, the highest level since February, indicating that for every transaction resulting in loss, 14.22 transactions have yielded profit.

Furthermore, data from Santiment indicates a positive weighted sentiment for the token at the time of writing. This marks the first instance of TON displaying a positive weighted sentiment since the start of June.

The current weighted sentiment value for the altcoin stands at 0.75, suggesting that the discourse surrounding TON on social platforms is largely positive.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk

PUMP Token's Price Drops by 75% Following ICO

chest

PUMP token's price falls by 75% post-ICO due to major sell-offs from whale investors.

user avatarGiorgi Kostiuk

Algorand (ALGO) Aiming for $0.50: Current Trend Analysis

chest

Algorand (ALGO) price changes after a long decline. Current analysis indicates bullish trends and potential support levels.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.