How to Analyze TON Blockchain Metrics: Active Addresses, Transaction Volume, and Whale Distribution in 2025

Active Addresses Surge: TON Daily Active Users Reach 500,000 and Account Growth Expands 16x Year-over-Year

TON blockchain reached a significant milestone in 2025 with daily active users surging to 500,000, demonstrating remarkable expansion across the network. This achievement represents substantial growth in the ecosystem's user adoption metrics. The account growth trajectory proves even more impressive, expanding 16 times year-over-year, indicating accelerated onboarding and network expansion.

This explosive growth stems primarily from Telegram integration, which facilitates seamless user access to blockchain services through familiar messaging interfaces. Telegram-native trading bots, particularly Blum, drive approximately 25 percent of all on-chain activity on TON, generating over $10 million in weekly trading volume. The ecosystem demonstrates diversified activity beyond trading, with NFT marketplaces like Tonnel achieving 10.1 million TON in total volume.

The expansion reflects strategic partnerships and ecosystem interconnectivity improvements throughout 2025. These metrics underscore TON's positioning as an increasingly accessible blockchain platform, successfully converting mainstream users into active network participants through enhanced user experience and native application integration.

Transaction Volume and Gas Dynamics: 4.5 Million Daily Transactions with $0.005 Per Transaction Fee

TON's transaction infrastructure demonstrates remarkable efficiency through its current operational metrics. The network processes approximately 4.5 million daily transactions, reflecting substantial growth in user adoption and ecosystem maturation. This transaction volume directly correlates with the network's ability to maintain exceptionally low gas fees at around $0.005 per transaction, a competitive advantage that significantly enhances user accessibility and cost-effectiveness.

The relationship between transaction volume and fee structure reveals TON's technical superiority among blockchain platforms. While establishing these metrics, the network has facilitated over 26 million transactions across 3.5 million active wallets, generating $39.6 billion in total transaction volume. This throughput capacity enables consistent fee stability despite fluctuating network demand.

TON's gas dynamics remain optimal even under increased network stress, maintaining sub-cent transaction costs that encourage mainstream adoption. This cost structure proves particularly valuable for high-frequency applications, remittances, and decentralized finance operations where cumulative fees significantly impact profitability. The 4.5 million daily transaction benchmark indicates growing institutional and retail confidence in the platform's scalability and reliability.

Whale Distribution Patterns: Concentration of Liquidity in Two Major DEXs with TVL Declining from $770 Million Peak to $300 Million

The TON ecosystem has witnessed a significant shift in whale distribution patterns during 2025, with concentrated liquidity activity in two major decentralized exchanges. Despite the apparent paradox of increasing whale deposits, the total value locked across these platforms has experienced a substantial decline.

This divergence reveals sophisticated market dynamics. Whales are strategically repositioning their holdings, consolidating liquidity into fewer DEX venues rather than distributing across multiple platforms. The shift from $770 million to $300 million in TVL indicates that 61 percent of liquidity has migrated elsewhere, potentially toward alternative trading venues or held in isolated positions.

The concentration pattern demonstrates that while whale activity has intensified in these two major DEXs, the overall ecosystem liquidity has fragmented. This behavior suggests whales are not necessarily bullish on maintaining broad ecosystem support, but rather optimizing execution efficiency through selective venue concentration. The declining TVL despite persistent whale deposits indicates a strategic reallocation rather than organic market participation.

On-chain Fee Trends and Network Economics: Ultra-Low Transaction Costs Drive Mass Adoption While DeFi Ecosystem Remains Underdeveloped

The Open Network has emerged as a high-performance blockchain platform designed to process millions of transactions per second when necessary, delivering a fundamental competitive advantage through ultra-low on-chain transaction fees. This fee structure represents a critical differentiator in blockchain economics, directly enabling mass adoption across mainstream user demographics who previously faced prohibitive transaction costs on legacy networks. With a current market capitalization of $7.57 billion and ranking 36th among digital assets, TON demonstrates substantial market validation for its technical approach to scalability and cost efficiency.

The network economics surrounding these minimal transaction costs reveal compelling adoption patterns. Lower barriers to entry and negligible transaction friction have attracted institutional and retail participants seeking cost-effective on-chain interactions. Users can execute transfers, deploy smart contracts, and participate in network activities without the economic burden that constrains competitors. This fee advantage directly correlates with transaction volume and network utilization metrics, creating virtuous cycles of adoption as user acquisition reduces per-transaction infrastructure costs further.

However, this promising foundation encounters significant infrastructure challenges within the decentralized finance sector. Despite TON's technical capabilities, DeFi development remains substantially underdeveloped compared to mature ecosystems. The infrastructure gaps include limited yield farming protocols, nascent liquidity pools, and restricted cross-chain compatibility mechanisms. These constraints create opportunities for developers willing to build sophisticated DeFi applications, yet they simultaneously impede organic growth in financial services adoption. Network participants seeking decentralized financial instruments face limited options, creating a bottleneck where technical transaction efficiency exists alongside application-layer scarcity, necessitating focused development initiatives to bridge this ecosystem gap.

FAQ

What is the Toncoin?

Toncoin is a utility token powering a high-speed, scalable blockchain integrated with Telegram. It enables fast transactions and supports the TON ecosystem's decentralized applications and services.

How much is 1 Toncoin worth?

As of December 20, 2025, 1 Toncoin is worth approximately $1.49 USD. The price fluctuates based on market demand and supply dynamics in the crypto market.

Is TON a good coin?

TON demonstrates strong technological foundations and growing ecosystem adoption. With strategic partnerships and increasing market presence, it presents promising long-term potential for blockchain enthusiasts and investors seeking exposure to innovative Layer 1 solutions.

Can Toncoin reach $100?

Toncoin reaching $100 is possible but requires extraordinary adoption and ecosystem growth. Experts suggest this milestone could occur in the very long term, potentially beyond 2040, as TON continues expanding its utility and user base.