Leading crypto analysis platform, CryptoQuant, has identified TON as one of the significantly rising blockchain networks. In a recent X post, the platform revealed various on-chain indicators that prove the consistent and rather fast-growing progress of the TON project. Having such numbers elevated, TON is steadily progressing in the sphere inhabited by intense competition in the field of blockchain.
CryptoQuant provides one of the most distinctive metrics highlighting the volume of transactions’ transfer through the TON-Blockchain. The total value of these transactions ranges from $5 billion to $10 billion implying that the volume of the transactions has been on the decline.
For perspective, Bitcoin processes about $50 billion in transaction volume per day. This means that coin has already provided almost 10 % of Bitcoin’s characteristics which is very significant given the fact that TON is four years old. This shows a continuously rising tendency in trust and utilization of the Blockchain for massive transfers of CDP.
Rapid Growth in TON Token Holders
Another fundamental indicator to support the given claim regarding the token’s popularity is the number of on-chain token owners. CryptoQuant data also shows that the current active holders of TON are 32 million and similarly, it had 2.9 million a year ago. This means the holder’s count has increased tenfold in a year, showing the increasing pace at which people embrace and trust the token.
An increase in numbers of token holders evidences that there is an evident and continued uptick of blockchain platforms’ popularity. Every new user and investor attracted to the TON network increases its sphere which opens the way to new initiatives and improvements. This largest and growing base of holders increases the corresponding network’s reputation, as well as its reliability and future development opportunities.
The data unveiled by CryptoQuant indicates that the future of The Open Network looks very bright in this regard. Given that the transfer volume of TON and the number of token holders have increased to rather high figures. This is evidence of the network’s capacity to reach such an outstanding level of performance in a comparatively short time span, which testifies to its promising future and growing interaction with the cryptosphere.
As TON continues to expand from this position, it will continue to unlock even more value and use for its users. Being a rather sound network to perform in the market, along with gaining a rather decent popularity among potential clients, the network must necessarily attract additional investors as well as users. The movement that the token shows as described by CryptoQuant indicates a bright tomorrow for the blockchain as it gains recognition and support within the community.