TON blockchain sees significant drop in daily active users

The Open Network blockchain has recorded a significant decline in daily active users, according to on-chain data from IntoTheBlock.

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

$TON’s daily active users drops

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

For $TON, the blockchain gaming metric tracked users across Telegram-based decentralized applications, with Catizen and Yescoin among those driving user growth.

However, after exceeding 5 million on Sept. 27, the daily active address count on the $TON network fell sharply to just 1.58 million as of Oct. 21.

This major decline, from a peak of 5.16 million active users to current levels, coincided with market turbulence and reduced network activity. New addresses and zero-balance addresses also declined, with metrics falling from 2.58 million and 346,000 to under 650,000 and 68,000, respectively.

IntoTheBlock analysts noted that $TON has a history of active user spikes during major events and hype cycles. Active user counts have notably dropped amid a broader market slowdown.

Telegram’s recent troubles, including the impact of founder Pavel Durov’s arrest and other developments look to have coincided with the dip. Major airdrops on the $TON network, including Dogs, saw a surge. Network events such the Alchemy Pay integration may yet see the active user count on $TON rise.