The number of active addresses daily on the TON Masterchain has reached a new high of 946, according to data from CryptoQuant. This significant number represents a more than sevenfold increase since July 2021. This achievement underscores the growing popularity and user engagement with the TON Blockchain.
Record Active Addresses on TON Boost Network Growth and Token Demand
This record active address has several implications. Firstly, it establishes the fact that all the users are gradually getting involved in the network and the transactions move in that direction. This growth is also apparent by the creation of new dApps and Workchains in the TON ecosystem that has been on the growth.
The second factor that should be discussed is the impact that such growth has on the economic aspect. This would eventually affect the price and supply of the tokens as the usage increases in the networks as they are demanded. This may imply a favorable change in the network demand of the cryptocurrency, as investors look to achieve a better performance in a market.
Rising Active Addresses on TON Masterchain Reflect Network’s Healthy Growth
One should also note that 946 addresses used daily are figures only to the Masterchain. Specifically, numerous sidechains known as workchains are utilized to accommodate a great amount of information within the TON framework. So, it is clear that Masterchain’s primary function is not data storage. However, it enables messages and transactions to be routed and executed.
According to CryptoQuant, this rise in active addresses is quite healthy for the TON Blockchain. This concept focuses on one thing with the expansion of the user participation and growth in the network facilities. Any increase in the activity level can be viewed as a positive trend for the TON ecosystem for its potential for growth in response to changing users’ needs and issues.
