$TON Futures Open Interest Plummets to a Nine-Month Low!
Recently, TON's open interest in the futures market has dropped significantly, falling directly to $141 million, which is its lowest level in nine months!
This open interest is the total value of futures contracts that have not yet been settled, which is an important indicator of market sentiment and liquidity.
This drop feels like market activity has been paused, and volatility is much smaller.
Looking at the market performance of Toncoin, the price has dropped directly from a high of $7.2 to around $5.6.
And the daily active addresses have also dropped significantly, from 2.4 million to 327,000, and the previous excitement has disappeared in an instant.
However, when the price stabilized, the daily active addresses also stabilized, which shows that user participation and price trends may not be completely consistent.
In addition to price, there may be other factors that affect user behavior, such as whether the network is easy to use or changes in the external market.
But even so, the resilience of the TON network and its ecosystem are still very powerful in the long run.
Speaking of the future of TON, it is really exciting. It is closely connected with Telegram's mini-application ecosystem and helps each other.
TON has been in the limelight this year. Even the value of stablecoins has exceeded $1 billion. The addition of Tether USDT has greatly increased its strength.
TON's DeFi field is also developing rapidly, with a total value locked exceeding $247 million, which is really enviable.
Telegram's huge user base is also a major advantage of TON. There are more than 5 million active users interacting with mini-applications such as NOT every day.
The Telegram platform is getting bigger and bigger, and its performance is getting better and better. Naturally, TON will benefit from it. With more and more users, the prospects are very promising.
In particular, in 2024, Telegram achieved profitability for the first time driven by advanced users, and CEO Pavel Durov also announced record revenue and considerable cash reserves.
For the next layout direction, I will take everyone to aim at the profit opportunities of the copycat. There is no problem with the expected space of more than 10 times. Like + leave a message, and take you to layout the entire bull market together!