What Does TON's On-Chain Data Reveal About Its Ecosystem Growth in 2025?

Active addresses on TON reach 500,000 daily, ranking 4th among major L1 chains

The Open Network (TON) has demonstrated remarkable growth in user engagement, with daily active addresses reaching the impressive milestone of 500,000. This significant achievement positions TON as the fourth-ranked blockchain among major Layer 1 chains, showcasing its increasing adoption and utility in the blockchain ecosystem.

TON's user growth trajectory has been nothing short of extraordinary, as evidenced by the network statistics throughout 2024:

This explosive growth can be attributed to TON's innovative applications and games that have successfully attracted millions of users. Popular games such as Hamster Kombat and Catizen have played crucial roles in expanding the TON ecosystem by introducing new users to blockchain technology through engaging experiences.

The increase in active addresses correlates directly with enhanced on-chain activity and DeFi usage across the network. As a technically advanced blockchain platform designed for speed, security, and scalability, TON can process millions of transactions per second when necessary, making it particularly well-suited for high-demand applications. This technical foundation, combined with user-friendly interfaces, has created an environment where both mainstream users and service providers can easily participate in the blockchain revolution.

TON's TVL peaked at $770 million in July 2025 but has since declined by over 50%

The Open Network (TON) has experienced a dramatic reversal in fortune regarding its Total Value Locked (TVL). After reaching an impressive peak of approximately $770 million in July 2024, TON's TVL has suffered a severe contraction, now sitting at just $158.9 million as of the latest data from November 2025.

This steep decline can be visualized through the following data:

The collapse in TVL reflects a broader crisis of confidence in the TON ecosystem. Weakened investor sentiment has been exacerbated by increased regulatory scrutiny, forcing many to withdraw their assets from the network. This trend correlates with TON's price performance, which has fallen from its all-time high of $8.287 in June 2024 to approximately $1.97 currently—representing a 76% decrease.

The decline is particularly concerning as it comes despite reported growth in the Tonchain user count, suggesting a disconnect between adoption metrics and actual financial commitment to the ecosystem. DeFi projects on TON have struggled to maintain liquidity, with protocol reforms potentially needed to restore trust and reverse this dramatic capital outflow.

TON ecosystem expands with 792 apps, including 14 DeFi protocols

The TON ecosystem has experienced remarkable growth in 2025, reaching a significant milestone with 792 applications now operating on the blockchain. This expansion represents a robust diversification of the platform's utility, with DeFi services emerging as a particularly noteworthy development sector. The ecosystem now hosts 14 dedicated DeFi protocols, marking a substantial increase from previous years.

The growth trajectory of TON's DeFi sector is particularly illuminating when examining year-over-year data:

*Note: Data discrepancy exists between sources on exact DeFi protocol count

This expansion coincides with significant investment activity, evidenced by The Open Platform securing $28.5 million in funding at a $1 billion valuation from prominent investment firms in July 2025. Additionally, AlphaTON raised $71 million specifically to expand its footprint within the TON ecosystem, including investments in GPU infrastructure for Telegram's Cocoon AI network.

The development of TON's DeFi sector appears strategically aligned with the blockchain's integration with Telegram, which has created unique opportunities for enhancing user accessibility to decentralized financial services. This growth pattern suggests TON is successfully leveraging its connection to Telegram's vast user base to drive both developer interest and user adoption.

FAQ

Is TON a good coin?

Yes, TON is considered a strong investment. It ranks high among top cryptocurrencies, showing robust performance and market position. Its potential for growth makes it an attractive option for investors in 2025.

Does Toncoin have a future?

Yes, Toncoin shows promise. Predictions suggest a price of $2.32 by 2030, indicating potential growth. Its active market cap and trading volume reflect ongoing interest in the cryptocurrency.

What is the Toncoin?

Toncoin (TON) is the native cryptocurrency of the TON blockchain, used for transactions, network operations, and decentralized applications. It supports a full ecosystem including decentralized storage and anonymous domain names.

How much is 1 Toncoin worth?

As of November 2025, 1 Toncoin is worth $2.33. You can buy about 0.577 TON for $1.