Toncoin loses user interest as market dominance and engagement decline

Toncoin’s market dominance fell from 1.1% to 0.4% since May 2024, indicating decreased attention from investors. Furthermore, Daily Active Addresses (DAA) on the network dropped by 90% over three months, reflecting a significant decline in user engagement.

The Total Value Locked (TVL) in TON protocols decreased from 770 million USD to 248 million USD as of December 2024. Despite these challenges, Telegram’s growth could provide opportunities for TON to recover.

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