TON has seen more daily active addresses than Ethereum in 10 of the last 11 days — however, that figure doesn’t include Ethereum layer 2s.
Telegram’s “The Open Network” (TON) blockchain has recorded more daily active addresses than Ethereum nearly every day this month.
One firm suggests it could be a quiet “flippening” fueled by a massive user base. Though, one could argue the data doesn’t show the full picture either.
“TON’s quiet growth, fueled by Telegram’s 900M user base, has driven its daily active addresses above Ethereum,” Delphi Digital posted to X on June 10, calling it “The Flippening CT ignores.”
