Adoption Soars 2,225%, Toncoin (TON) Holders Reach 100 Million

On-chain data reveals Toncoin holdings have reached 100 million as TON popularity accelerated.

Toncoin Holders Splurged 2,225% Starting 2024
In a new Quicktake article, CryptoQuant community manager Maartunn highlighted that the TON network hit a record. On-chain relevance is measured by the Holder Count, which is the number of addresses on a blockchain with a non-zero balance.

This indication indicates a net increase of unique addresses having a balance on the network. The asset may have new users or previous users who sold before returning.

Existing investors automatically establish new addresses for privacy, contributing to the trend. All of these variables often contribute to some degree, therefore net coin adoption is likely.

However, a declining measure suggests some investors are clearing out their wallets, maybe to leave cryptocurrencies.

This graphic displays Toncoin Holder Count trends over the past few years:

After years of steady growth, the Toncoin Holder Count spiked in 2024, as seen in the graph above.

At the beginning of the year, 4.3 million unique addresses on the network held some balance. Today, this figure has climbed past 100 million, demonstrating the tremendous holder expansion.

With the debut of big Telegram game tokens on the TON network, including Hamster Kombat, Maartunn says growth has increased.

“Whether you like TON as a cryptocurrency or network or not, TON is onboarding millions of Telegram users into the world of cryptocurrency,” adds the analyst.

In the long run, adoption has been good for cryptocurrency networks since a larger user base gives a more stable platform for price growth.

Consistent adoption implies the blockchain may draw new attention, keeping it relevant beyond the short term. Toncoin's rapid rise may set it up for this.


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