🟤The TON blockchain, widely used for Telegram-based games, is experiencing a decline. Data from DefiLlama shows a drop across all key metrics: TVL, trading volumes, and user numbers. Active addresses have plummeted from 1.81 million in 2024 to just 200,000. Meanwhile, Toncoin’s price has fallen 54%—from $8.24 to $3.75.
🟤Bearish sentiment is rising as large TON transfers to exchanges trigger sell-offs. DEX transactions on STON.fi and DeDust have halved, while total network transactions dropped from 18.1 million to 2.7 million.
🟤Further pressure comes from recent updates. TON’s declaration as Telegram’s exclusive blockchain has sparked discontent among developers. If the strategy remains unchanged, TON risks losing its position in the market.