As a seasoned researcher with a keen eye for blockchain trends and a soft spot for cryptocurrencies, I find myself intrigued by the recent surge in daily active addresses for Tron (TRX) and Toncoin (TON). The sheer magnitude of their growth compared to Bitcoin (BTC) is noteworthy, indicating increased network usage that could potentially signal a shift in user behavior.
On Monday, August 26th, the number of daily active addresses for both Tron and Toncoin experienced a significant surge, putting them well ahead in the rankings.
Based on figures from IntoTheBlock, there was a 13% surge in the daily active Tron (TRX) addresses yesterday, placing it at the top with approximately 2.56 million unique active wallets. The current total count of non-zero TRX addresses has reached an all-time peak of 110.78 million.
Toncoin (TON) climbed into the second position as the number of daily active addresses surged by 79% to hit a record high of 2.23 million, according to data from ITB. The total count of non-zero TON addresses now stands at approximately 43.82 million.
At present, Tron and Toncoin are dominating the rankings significantly, with Bitcoin (BTC) in third place. This is largely because there’s been an uptick in activity on these two networks, while Bitcoin is primarily regarded as a store of value.
Despite the rise in the Tron and Toncoin active addresses, data from ITB shows that both tokens are seeing bearish on-chain signals.
TRX experienced a drop of approximately 2.8% in the last 24 hours, and currently stands at a price of $0.16. At this moment, its market capitalization is around $14 billion, while its daily trading volume amounts to about $800 million.
Yesterday, TON experienced a decline of about 4.6% and currently trades for $5.38. At the moment of reporting, its value stands at approximately $13.6 billion in market capitalization, positioning it as the 10th largest cryptocurrency.
According to ITB’s statistics, approximately 99% of TRX investors are seeing a positive return on their investment, whereas more than 80% of TON investors are experiencing losses as of now.
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2024-08-27 12:20