The decline in open interest $TON coincides with a significant decrease in its price and user activity. According to Artemis data, over the past three months, the price of Toncoin has undergone significant fluctuations.
Initially, it showed a decline, dropping from peaks of around $7.2 to nearly $5.6 by the end of the observed period. This decline was accompanied by a sharp reduction in daily active addresses, which fell from 2.4 million to approximately 327 thousand.
Interestingly, as the price stabilized, the number of active addresses per day also leveled off, indicating a potential disconnect between user engagement and price movements. This suggests that user behavior may be influenced by factors beyond price, such as the utility of the network or external market influences. The resilience of the TON network, despite these fluctuations, indicates the long-term strength of its underlying ecosystem.#BtcNewHolder
