TON sees 228% growth in DAUs over past month, says Jamie Coutts

TON has experienced a 228% increase in daily active addresses (DAUs) over the past month, reaching over 600,000 active addresses, Real Vision crypto analyst Jamie Coutts shared via X. This surge in user activity positions TON as the second highest among layer-1 blockchains in terms of DAU. With a fully diluted valuation (FDV) of $34 billion, TON is considered relatively expensive compared to other cryptocurrencies. However, Coutts argues that this valuation may be justified given the potential for TON, which can leverage the Telegram messaging app's 800 million daily active users.