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 (TRX) 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 (TON) 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 (BTC) 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.