1. TON Daily Active Users Decline:
The TON blockchain's daily active users (DAU) have dropped significantly, now at 1.58 million from a peak of over 5 million, according to IntoTheBlock.
2. DAU Tracking and Trends:
IntoTheBlock shared a chart showcasing the fluctuations in daily active addresses on TON, highlighting periods of bull runs, hype, and market corrections.
3. Triggering the Next Run:
IntoTheBlock raised the question of what conditions could potentially spark the next bull run for the TON network, given its current decline.
4. Importance of DAU Metric:
In the crypto space, DAU is a critical metric that reflects user engagement and growth potential. A higher DAU count indicates increased usage and potential growth.
5. Mixed Signals in User Activity:
Despite the recent DAU drop, DappRadar recorded increased activity in early September, driven by interest in blockchain gaming, especially from Dapps on Telegram, such as Yescoin and Catizen.
6. User Decline Amid Market Uncertainty:
TON’s drop in user activity is part of a broader down cycle in the crypto market. The network also saw a decline in new and zero-balance addresses, now at less than 650,000 and 68,000, respectively, compared to previous highs of 2.58 million and 346,000.
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