1
3
According to a report by cryptocurrency analytics firm CryptoQuant, The Open Network ($TON) is on track to surpass Ethereum ($ETH) in user numbers by the end of this year.
With the rapid growth in its user base, $TON is expected to surpass $ETH around December 20, based on current trends.
As of now, Ethereum has around 137 million users, while $TON has reached an impressive 112 million users. Over the past month, $TON has attracted an average of 500,000 new users daily. If this pace continues, $TON could surpass Ethereum in total holders within the next two months.
Despite this rapid rise, CryptoQuant analysts have highlighted two key factors that could impact the forecast:
- Potential Slowdown in $TON Growth: While $TON has experienced significant growth recently, a slowdown is possible. A lower growth estimate calculated with minus one standard deviation suggests that the transition date could be postponed to February 3, 2025 if the growth rate slows.
- Continued Growth in Ethereum Users: While Ethereum’s growth rate has remained relatively flat in recent data, it continues to gain new users. An increase in $ETH’s owner base could impact the timeline, potentially delaying $TON’s overtaking point.
The rapid expansion of $TON’s user base reflects the growing adoption of The Open Network, a project initially developed by the Telegram team. Analysts at CryptoQuant believe that it is “only a matter of time” before $TON surpasses Ethereum in user numbers.
*This is not investment advice.
crypto-economy.com
u.today
