Alchemy Pay

The Open Network blockchain has recorded a significant decline in daily active users, according to on-chain data from IntoTheBlock.
According to a chart <a rel="noopener noreferrer nofollow" href="https://x.com/intotheblock/status/1848386380071682376" target="_blank">shared</a> on X by the on-chain metrics and analytics provider, the TON network has seen its daily active users drop sharply in recent weeks. Meanwhile, Toncoin, the native token of the Telegram-supported decentralized layer-1 blockchain, has struggled for upward momentum during this period.
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<h2 class="wp-block-heading" id="ton-s-daily-active-users-drops">TON’s daily active users drops</h2>
A <a href="https://dappradar.com/blog/blockchain-gaming-reaches-new-record-4-2-million-daily-active-users" target="_blank" rel="noopener noreferrer nofollow">report</a> DappRadar showed that TON’s active daily users surged in early September as the crypto gaming space saw a rise in activity.
For TON, the blockchain gaming metric tracked users across Telegram-based decentralized applications, with <a rel="noopener noreferrer nofollow" href="https://crypto.news/catizen-soars-to-record-as-ston-fi-launches-cati-farming/">Catizen</a> and Yescoin among those driving user growth.
However, after exceeding 5 million on Sept. 27, the daily active address count on the TON network fell sharply to just 1.58 million as of Oct. 21.
This major decline, from a peak of 5.16 million active users to current levels, coincided with market turbulence and reduced network activity. New addresses and zero-balance addresses also declined, with metrics falling from 2.58 million and 346,000 to under 650,000 and 68,000, respectively.
IntoTheBlock analysts noted that TON has a history of active user spikes during major events and hype cycles. Active user counts have notably dropped amid a broader market slowdown.
Telegram’s recent troubles, including the impact of founder Pavel Durov’s <a rel="noopener noreferrer nofollow" href="https://crypto.news/toncoin-price-steadies-with-durovs-release/">arrest</a> and other developments look to have coincided with the dip. Major airdrops on the TON network, including Dogs, saw a surge. Network events such the <a rel="noopener noreferrer nofollow" href="https://crypto.news/alchemy-pay-brings-crypto-payments-to-telegram-via-ton-network/">Alchemy Pay integration</a> may yet see the active user count on TON rise.
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TON blockchain sees significant drop in daily active users

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