Toncoin (TON) signaled low volatility in the futures market with Open Interest falling to $141 million. The price fell from $7.2 to $5.6, while the number of active addresses fell from 2.4 million to 327 thousand.
Toncoin’s Open Interest (OI) on the futures market has fallen to its lowest level in nine months, $141 million. Open Interest is considered a key indicator of market sentiment and liquidity, showing the total value of futures contracts. According to CryptoQuant data, this decrease in OI indicates a decrease in market activity and reduced volatility. However, it should be noted that this decline is in line with the general trends of the cryptocurrency market as the year draws to a close.
The Toncoin price has experienced significant fluctuations in the last three months. The price fell from $7.2 to $5.6, while the number of daily active addresses also dropped sharply, from 2.4 million to approximately 327 thousand. However, with the calming of price fluctuations, a stabilization has been achieved in daily active addresses. This shows that user behavior is affected by different factors, such as network usage and external market influences, independent of price movements. Despite the fluctuations, the infrastructure and ecosystem of the Toncoin network provide a strong indicator of long-term durability.
Toncoin’s growth potential is based on its integration with Telegram’s mini-app ecosystem. Especially with the adoption of Tether (USDT), the TON network has reached a stablecoin value of over $1 billion. In addition, the network’s decentralized finance (DeFi) ecosystem stands out with a Total Locked Value (TVL) of $247 million. With mini-apps like Notcoin (NOT) on Telegram, more than 5 million users interact with the TON ecosystem daily, further strengthening Toncoin adoption.
By 2024, Telegram achieved profitability for the first time with premium subscription revenues. CEO Pavel Durov reported record revenues and strong cash reserves. Telegram’s financial stability and growth vision provide a solid foundation for Toncoin’s long-term sustainability.