Tron, Toncoin daily active addresses surge amid price fall

The number of Tron and Toncoin daily active addresses saw an impressive rise on Monday, Aug. 26, leading the charts by a huge margin.

According to data provided by IntoTheBlock, the number of Tron trx0.19% TRON daily active addresses increased by 13% yesterday, leading the chart with 2.56 million unique active wallets. Data shows that the total number of non-zero TRX addresses is sitting at an all-time high of 110.78 million.

Toncoin ton0.76% Toncoin secured the second spot after the number of daily active addresses increased by 79%, reaching a new ATH of 2.23 million, per data from ITB. The total number of non-zero TON addresses reached 43.82 million.

Tron and Toncoin are currently leading the chart by a big margin as Bitcoin btc2.89% Bitcoin is sitting at the third spot with roughly 675,000 daily active addresses. This is mainly due to the increased usage of these networks while BTC stands as a store of value.

Despite the rise in the Tron and Toncoin active addresses, data from ITB shows that both tokens are seeing bearish on-chain signals. 

TRX declined by 2.8% over the past 24 hours and is trading at $0.16 at the time of writing. The asset’s market cap is sitting at the $14 billion mark with a daily trading volume of $800 million.

TON registered a 4.6% fall over the past day and is changing hands at $5.38 at the reporting time. The asset’s market cap is hovering at $13.6 billion, making it the 10th-largest cryptocurrency.

Per ITB data, 99% of TRX holders are currently in profit while over 80% of TON holders are at a loss.