- Toncoin holders increase by 2,225% since early 2024, reaching over 100 million due to growing network adoption.
- Key metric, the Holder Count, measures active addresses with non-zero balances, indicating positive engagement and network health.
The number of Toncoin holders has surged dramatically, crossing the 100 million mark, a clear testament to the growing adoption of the TON network. Recent on-chain data analysis reveals that the holder count, a key metric measuring addresses with non-zero balances, has risen by an astounding 2,225% since the onset of 2024.
As we reported on ETHNews, this surge in unique, active addresses signifies a robust and expanding user base, potentially spurred by both new entrants to the cryptocurrency and returning investors.
CryptoQuant’s community manager, Maartunn, has highlighted this growth in a recent analysis, noting the notable increase in network participation. The holder count serves as a gauge for network health, reflecting both short-term fluctuations and longer-term trends in user engagement.
A rising holder count typically indicates positive user engagement, while a decline might suggest a withdrawal of interest or a desire to liquidate holdings.
In 2024 alone, the TON network experienced unprecedented growth. Starting the year with approximately 4.3 million addresses, the network now boasts over 100 million, underscoring a significant increase in the number of participants holding Toncoin.
This growth aligns with the introduction of major gaming tokens on the TON network, such as Hamster Kombat, which have likely contributed to its popularity and user adoption.
Maartunn also points out the broad implications of this surge, emphasizing that TON’s integration with Telegram has significantly propelled its exposure and adoption. The platform’s ability to draw a massive audience from Telegram showcases its potential as a mainstream crypto asset, not just within the cryptosphere but across broader, tech-savvy demographics.
“Whether you like TON as a cryptocurrency or network or not, TON is onboarding millions of users from the Telegram platform into the world of cryptocurrency,” says the analyst.
Adoption is often a harbinger of sustainability for cryptocurrencies, indicating not only immediate gains but also long-term viability. A diverse and growing user base can ensure more stable price movements and foster a resilient market presence.
For Toncoin, the current trajectory suggests a promising future, with potential continued growth driven by both technological advancements and strategic integrations.
The current price of Toncoin (TON/USDT) is 5.173 USDT, with a decrease of 0.50% in the last 24 hours. Over the past week, the price has dropped by 3.83%, while in the last month, it has gained 5.64%. Year to date, Toncoin has surged by 122.50%, and over the past year, it has increased by 161.54%.
