- Ton and Avalanche Active have more than doubled in the past month.
- The ton derivation exhibits primarily bullish trader sentiment despite slight control.
- Avalanche trading volume has declined, but interest and bullish sentiment remain high.
Recent data shows that active user addresses on TON and avalanche blockchain networks have increased significantly, reflecting the increased engagement over the past month. Both networks have seen more than twice as much active addresses, indicating a revival of activity in these ecosystems. This trend is part of a broader overview of active addresses across major digital currencies ranging from mid-2023 to mid-2025.
Among the major blockchains, Tron (TRX) maintains the most active addresses, fluctuating between 1.5 million and 3.5 million throughout the period. The network has seen a surge in activity from August to October 2024, and currently has over 2.5 million active addresses.
The number of active addresses for Ton and Avalanches has been trending for the past month.
In both cases, the number has more than doubled, indicating significant update activity on these networks. pic.twitter.com/rqfcnt9qdu
– Sentora (formerly Intotheblock) (@sentorahq) July 2, 2025
Bitcoin (BTC) displays stable user activity, with active addresses consistently in the range of 800,000-900,000. Ethereum (ETH) rose from around 400,000 in mid-2023 to about 600,000 by mid-2025, rising second in user engagement behind Tron, indicating steady growth in active addresses.
Other networks such as Litecoin (LTC) and Cardano (ADA) show more variability, with active addresses varying between 100,000 and 400,000. Cardano peaked in early 2025 before it declined in mid-2025. Bitcoin Cash (BCH), Avalanche (Avax), Ton, Algorand (Algo), and Dogecoin (Doge) record lower, volatile active address counts, almost below 200,000.
The Ton Derivative Market shows bullish positioning
The derivative indicators of Toncoin show cautious yet optimistic trader sentiment. Trading volume rose 1.13% to $133.68 million, while open interest rose 4.82% to $202.09 million. The overall long-term ratio for 24 hours is 0.879, indicating a slight advantage in the short position.
However, account-level data from Binance’s Ton/USDT market reveals a long/short account ratio of 1.4056, with OKX reporting an even higher bull ratio of 2.86. Binance’s top traders maintain a balanced but confident stance with a long/short account ratio of 1.2727 and a position ratio of 1.8739.
Source: Coinglass
Liquidation figures over the past four hours show significant losses in short positions, losing $134.62 in the past hour and $3,850 in four hours. The long position saw a total liquidation total of over 24 hours, with a total of $191,010 compared to the $6,820 for the shorts.
Avalanche differentiation reflects mixed signals
A negative trend has been observed in the avalanche derivatives market as trading volumes fell 21.19% to $665,61 million. This proves a decline in trading activity. This is true, but as a sign of continued accumulation and interest among traders, open interest increased by 3.10% to $47,022 million.
Source: Coinglass
The 24-hour/short ratio is almost balanced at 0.9585 overall. Nevertheless, account data refers to bullish sentiment: Binance’s Avax/USDT market shows a long/short account ratio of 2.1666, but OKX’s position is 2.15. Top Binance Traders maintain a long/short account ratio of 2.1576 and a position ratio of 1.4382.
Furthermore, new data on liquidation shows that the long position is absorbing losses to the forefront. Over the past hour, a long liquidation totaling $41,980 has been settled, with no short liquidation. Over the past 24 hours, the long liquidation totaled 805,490, more than 12 times more than 65,710 shorts.
