Tron, Toncoin daily active addresses surge amid price fall

Tron and Toncoin’s daily active address count increased impressively on Monday, August 26, taking first place on the charts by a large margin.

According to data provided by IntoTheBlock, the number of Tron (TRX) daily active addresses increased by 13% yesterday, leading the chart with 2.56 million unique active wallets. The data shows that the total number of non-zero TRX addresses is at an all-time high of 110.78 million.

Toncoin (TON) took the second place after the number of daily active addresses increased by 79%, reaching a new ATH of 2.23 million, according to data from ITB. The total number of non-zero TON addresses reached 43.82 million.

Tron and Toncoin are currently leading the chart by a large margin, with Bitcoin (BTC) in third place with around 675,000 daily active addresses. This is mainly due to the increased usage of these networks while BTC remains a store of value.

Despite the increase in Tron and Toncoin active addresses, data from ITB shows that both tokens are seeing bearish signals on-chain.

TRX is down 2.8% in the last 24 hours and is trading at $0.16 at press time. The asset has a market cap of $14 billion and a daily trading volume of $800 million.

TRX price – August 27 | Source: crypto.news

TON is down 4.6% over the past day and is changing hands at $5.38 at reporting time. The asset’s market cap is hovering at $13.6 billion, making it the 10th largest cryptocurrency.

TON price – August 27 | Source: crypto.news

According to ITB data, 99 percent of TRX holders are currently in profit, while more than 80 percent of TON holders are in losses.