The Open Network blockchain has seen 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 decentralized layer 1 blockchain supported by Telegram, has struggled to gain upward momentum during this period.
TON Daily Active Users Decline
A report from DappRadar showed that TON’s number of active daily users increased in early September, as the crypto gaming space saw a surge in activity.
For TON, the blockchain gaming metric has tracked users across Telegram-based decentralized applications, with Catizen and Yescoin among those driving user growth.
However, after surpassing 5 million on September 27, the number of daily active addresses on the TON network dropped sharply to just 1.58 million as of October 21.
This significant decline, from a peak of 5.16 million active users to current levels, coincided with market turbulence and a reduction in network activity. New addresses and zero balance addresses also declined, with the numbers falling from 2.58 million and 346,000 to less than 650,000 and 68,000, respectively.
Analysts at IntoTheBlock noted that TON has a history of active user spikes during major events and hype cycles. The number of active users has declined significantly amid a broader market downturn.
Telegram’s recent problems, including the impact of founder Pavel Durov’s arrest and other developments, appear to have coincided with this decline. Major airdrops on the TON network, including Dogs, have seen an increase. Network events such as the Alchemy Pay integration could further see the number of active users on TON increase.
