TON Crypto Holders Surge to 90 Million, Up 2400% in 2024

The number of holders of Toncoin (TON), the native cryptocurrency of the TON blockchain, has surged to an impressive 90 million, marking a staggering increase of 2400% since the start of the year. This explosive growth highlights the rising popularity of TON, particularly as it becomes a key player in the decentralized finance landscape.

The surge in holders is attributed to a combination of factors, including heightened interest in Telegram-based applications and decentralized exchanges (DEXs) that utilize the TON network. Recent statistics indicate a significant uptick in daily active addresses, with a 165% increase over the past month, reflecting a growing community of investors and users engaging with the platform.

Despite broader market challenges, Toncoin has shown resilience, with 26% of its holders now in profit compared to just 9% earlier this year. This shift comes as the price of TON fluctuates around $5.40, positioning it among the top ten cryptocurrencies by market capitalization.

As Toncoin continues to expand its ecosystem and attract new users, analysts predict further growth potential. The increasing adoption of TON for transaction fees, staking, and governance within its decentralized framework suggests that this momentum may sustain well into the future.