A recent analysis by cryptocurrency analytics firm CryptoQuant suggests that The Open Network (TON) could soon surpass Ethereum in terms of the number of unique wallet holders.
According to the firm, TON’s rapid growth, averaging 500,000 new holders per day, positions it to potentially overtake Ethereum by December 20th, 2023. This projection is based on the current rate of growth and the assumption that it continues at a similar pace.
However, CryptoQuant also acknowledges that the growth rate might decelerate. A more conservative estimate, considering a one standard deviation reduction, suggests that the crossover could occur around February 3rd, 2025.
It’s important to note that Ethereum’s holder count is also increasing, although this growth is not yet reflected in the current data. While Ethereum’s growth rate is relatively flat, it could still influence the projected crossover dates.
