Toncoin Outperforms Ethereum in Daily Active Addresses and Transactions.

Recently, Toncoin, the blockchain associated with Telegram, has experienced more activity than the well-established Ethereum network. On-chain data from Artemis shows that Toncoin has consistently outperformed Ethereum in daily unique addresses for much of this month.

On June 3, Toncoin's daily unique address count hit a year-to-date high of 568,300, surpassing Ethereum's 351,400 address count by 62%. This rapid increase highlights the changing landscape in the crypto industry.

Toncoin's daily transaction volume has also exceeded Ethereum since mid-March. Notably, on May 17, Toncoin's daily transactions reached 9 million, significantly surpassing Ethereum's 1.1 million transactions on the same day. This acceleration in user activity is largely attributed to Telegram's large user base of 900 million, according to Delphi Digital.

Currently, TON is trading at $7.65, recovering from its two-month low of $6.76 on June 11. In the last 24 hours, the token's trading volume increased by over 100%, reaching a total of $491 million, reported CoinMarketCap. This price recovery brought profits to many TON holders, and the token's value increased by 9%.