TON blockchain sees significant drop in daily active users

According to on-chain data from IntoTheBlock, the Open Network blockchain has seen a significant drop in the number of daily active users.

The TON network has seen its number of daily active users drop sharply in recent weeks, according to a chart shared by on-chain measurement and analytics provider X. Meanwhile, Toncoin, the native token of the Telegram-backed decentralized layer-1 blockchain, has struggled for bullish momentum during this period.

TON’s daily active user count is decreasing

A DappRadar report showed that TON’s active daily users increased in early September as the crypto gaming space saw a surge in activity.

Blockchain gaming measurement for TON tracked users on Telegram-based decentralized applications; Catizen and Yescoin were also among those supporting user growth.

However, after exceeding 5 million on September 27, the number of daily active addresses on the TON network dropped sharply to 1.58 million as of October 21.

This massive decline from a peak of 5.16 million active users to current levels coincided with market turmoil and reduced network activity. New addresses and addresses with zero balance also decreased; measurements dropped from 2.58 million and 346,000 to less than 650,000 and 68,000, respectively.

IntoTheBlock analysts noted that TON has a history of active user increases during major events and excitement cycles. Active user numbers have dropped markedly amid a broader market slowdown.

Telegram’s recent troubles, including the impact of founder Pavel Durov’s arrest and other developments, appear to have coincided with the decline. There has been an increase in large airdrops on the TON network, including dogs. Network events such as Alchemy Pay integration may see the number of active users on TON increase.