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The number of Tron and Toncoin daily active addresses saw an impressive rise on Monday, Aug. 26, leading the charts by a huge 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. Data shows that the total number of non-zero $TRX addresses is sitting at an all-time high of 110.78 million.
Toncoin ($TON) secured the second spot after the number of daily active addresses increased by 79%, reaching a new ATH of 2.23 million, per data from ITB. The total number of non-zero $TON addresses reached 43.82 million.
Tron and Toncoin are currently leading the chart by a big margin as Bitcoin ($BTC) is sitting at the third spot with roughly 675,000 daily active addresses. This is mainly due to the increased usage of these networks while $BTC stands as a store of value.
Despite the rise in the Tron and Toncoin active addresses, data from ITB shows that both tokens are seeing bearish on-chain signals.
$TRX declined by 2.8% over the past 24 hours and is trading at $0.16 at the time of writing. The asset’s market cap is sitting at the $14 billion mark with a daily trading volume of $800 million.
$TON registered a 4.6% fall over the past day and is changing hands at $5.38 at the reporting time. The asset’s market cap is hovering at $13.6 billion, making it the 10th-largest cryptocurrency.
Per ITB data, 99% of $TRX holders are currently in profit while over 80% of $TON holders are at a loss.