On-Chain Data Highlights TON's Impressive Growth Potential

  • Shiven Moodley spotted a disparity between TON’s market cap and circulating supply.

  • Moodley suggests a portion of the TON tokens are locked or held long-term.

  • TON’s collaboration with Telegram has aided the project’s development.

Shiven Moodley, an on-chain analyst at Cryptoquant, spotted a disparity between The Open Network’s (TON) market capitalization and its circulating supply. Moodley believes this suggests that some TON tokens are either locked up or held for the long term, affecting liquidity.

Evaluating Liquidity Dynamics on the $TON Network

“The disparity between market capitalization and circulating supply may suggest that a portion of the tokens are either locked or held long-term, impacting liquidity.” – By @ShivenMoodley

Read more 👇https://t.co/Jc0SvsXMDj pic.twitter.com/7Yfc08NFyg

— CryptoQuant.com (@cryptoquant_com) September 23, 2024

Moodley highlighted TON’s impressive growth since August 2021, pointing to the project’s strong scalability, fueled by its high throughput capacity. The on-chain analyst also mentioned TON’s partnership with the Telegram messaging platform, emphasizing how it has helped the project’s developmen…

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