How Does TON's On-Chain Data Analysis Reveal Its Growth Potential in 2025?
TON's active addresses surge to 500,000 daily, ranking 4th among major L1 chains
The Open Network (TON) has achieved a remarkable milestone with its daily active addresses reaching 500,000, securing its position as the fourth most active blockchain among major Layer 1 chains. This surge in network activity demonstrates TON's growing popularity and adoption within the cryptocurrency ecosystem.
TON's on-chain metrics reveal significant growth in user engagement, particularly when compared to other prominent L1 blockchains:
| L1 Blockchain | Daily Active Addresses |
|---|---|
| Aptos | 921,000 |
| Growth | 172,800 |
| Injective | 92,600 |
| TON | 500,000 |
| Stellar | 76,600 |
While TON's active address count shows impressive network participation, its Total Value Locked (TVL) presents a more complex picture. TON's TVL reached its peak at approximately $770 million in July 2025, but has since experienced a decline of over 50%. This contrasting trend between growing user activity and decreasing TVL suggests users are actively transacting on the network but potentially reducing their locked assets.
The surge in daily active addresses correlates with TON's integration with Telegram's ecosystem, which has provided a substantial user base for the blockchain. Despite recent price volatility, with TON dropping from an all-time high of $8.29 in June 2024 to around $1.80 in November 2025, the sustained high level of active addresses indicates a resilient underlying user base continuing to utilize the network's functionality.
TVL reaches $250 million on STON.fi, TON's largest DEX
STON.fi has established itself as the dominant force in The Open Network (TON) blockchain ecosystem, reaching an impressive $250 million in Total Value Locked (TVL). This milestone underscores STON.fi's position as the largest decentralized exchange on TON, controlling a substantial share of the blockchain's DeFi activity.
With over $6.3 billion in total trading volume and more than 28 million operations since its inception, STON.fi has demonstrated remarkable growth and user adoption. The platform currently averages daily trading volumes of approximately $27 million and serves more than 50,000 active users weekly.
The comparative market dominance becomes clear when examining the TON DeFi landscape:
| DEX | TVL | User Base | Trading Volume |
|---|---|---|---|
| STON.fi | $250M | 50,000+ weekly | $27M daily |
| Other TON DEXs | <$20M combined | Significantly lower | Substantially less |
STON.fi's success can be attributed to its user-friendly interface, virtually zero fees, low slippage, and direct integration with TON wallets. The platform secured $9.5 million in Series A funding to accelerate DeFi innovation on TON, followed by strategic investments including $10 million from gate Ventures in October 2024. This financial backing has helped STON.fi cement its leadership in the TON ecosystem, which itself ranks 33rd among cryptocurrencies with a market capitalization of $4.47 billion.
TON wallet count exceeds 100 million, fastest growth in blockchain history
In a remarkable milestone for blockchain adoption, TON has surpassed 100 million wallets by October 2024, establishing itself as the fastest-growing blockchain in history. Starting with just 4.3 million holders at the beginning of 2024, TON experienced unprecedented growth that outpaced all other major networks. This explosive expansion coincided with strategic integration within the Telegram ecosystem, demonstrating the power of mainstream application partnerships.
According to analytics data, TON's growth trajectory suggests active wallets could reach between 16-20 million by late 2025, indicating substantial user engagement beyond mere account creation. This adoption rate presents a striking contrast with other established blockchains:
| Blockchain | Time to Reach 100M Wallets | Primary Growth Driver |
|---|---|---|
| TON | Less than 1 year | Telegram integration |
| Others | Multiple years | Various factors |
The TON wallet rebranding and in-app crypto management features have significantly contributed to this success, with over 35 million active wallets recorded alongside the 100 million total signups. This remarkable achievement demonstrates how effective ecosystem alignment can drive mass adoption in the blockchain space, particularly when leveraging established user bases like Telegram's 900 million monthly users.
The rapid expansion of TON's wallet ecosystem represents a watershed moment for cryptocurrency mainstream adoption, creating unprecedented opportunities for developers and users alike.
FAQ
Is TON a good coin?
Yes, TON is a promising coin with high-speed transaction processing and potential for growth in the Web3 ecosystem. Its advanced technology and increasing adoption make it a strong contender in the crypto market.
What is the Toncoin?
Toncoin (TON) is the native cryptocurrency of The Open Network, a high-speed blockchain for decentralized apps and efficient transactions.
How much is 1 Toncoin worth?
As of November 2025, 1 Toncoin is worth approximately $2.03 USD. However, cryptocurrency prices can be volatile and subject to change.
Which coin will give 1000x in 2030?
TON coin has strong potential for 1000x returns by 2030, given its innovative blockchain technology and growing ecosystem.
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