Ethereum is surpassed by TON.

Based on the amount of daily active addresses since May 17, TON and Ethereum are vying for first place in the ranking of networks, according to Artemis data. Then, according to this metric, the second most capitalized cryptocurrency was the one whose blockchain The Open Network initially avoided.



On that particular day, 494 thousand people signed up for TON, and 387 thousand for Ethereum. On the other hand, the Open Network hit a record 568 thousand and the ETH network 351 thousand on June 3, marking the peak.



For a total of ten of June's eleven days, the TON ecosystem had more daily active addresses than any other ecosystem.



An intricacy exists

But what Delphi Digital and Delphi Digital don't show is the complete picture. The majority of Ethereum ecosystem activity actually originates from second-layer (L2) solutions, so it's not a fair comparison.



As an example, the three most prominent Ethereum L2 networks—Base, Avalanche, and Arbitrum—received 1.3 million active addresses on June 11.


$ETH