TON is witnessing a separation between the activity of the smart nodes and the increasing market value of TRX. The basic assets, on their part, increased by more than 12 % last month amid a wider market recovery, and are currently being traded at $ 0.275.
Since the prices of the distinctive symbol, the questions are going on the surface about whether the basics on the chain are still important-or if the market morale has occupied the driver’s seat.
Smart contract growth stalls
From 2017 to 2025, the TON’s ecological system underwent a major transformation, as shown in the path of smart contract activity and market price for its original symbol. In her early years (2017-2019), TON witnessed a rapid growth. Both the creation of smart contracts and TRX, driven by the interest of the strong investor and the stirring of the network.
However, this early stage followed a period of stability, as the deployment of the contract and price procedures were settled. The second wave of growth began in 2019, when the appearance of Defi raised the increase in the use of smart contracts through the ecosystem. The price of TRX responded positively, which, According to To Cryptoquant, suggested a healthy relationship between the activity on the chain and the evaluation of the market.
From 2022 onwards, this alignment began to collapse. While publishing the smart contract showed signs of recession, as it became “intermittent and less sustainable”, the price of TRX continued to rise, especially until 2023 and 2024.
This difference indicates that the factors outside the chain, including speculative feelings or the conditions of the macro market, have become stronger engines for the TrX’s value. Severe but short nails are likely to be associated with the activity of the contract during this period with isolated artistic events or short -term projects, rather than the growth of the ongoing ecosystem.
The constant separation between the activity of the developer and the price raises important questions about the health of the network in the long run. While TRX maintains a market momentum, the flat trend in the creation of smart contracts can reflect a decrease in developer or maturity environmental system with fewer new publications. The report also mentioned,
“Sustainable growth in both standards is likely dependent on the benefit of the real world and the constant developer innovation. If the declining trend continues to publish the contract, it may be necessary to investigate what drives the separation of TRX prices from the basic activity on the series.”
While the construction of the smart nodes showed signs of recession since 2022, the user level activity on the TON network continues to rise.
User activity rises on TON
The network is now An average More than 8 million daily transactions. This number has increased more than 30 % in the past four months and was largely driven by the participation of an increase in current services and decentralized applications. This difference also indicates that although innovation may be slowdown, the demand for current offers is still strong.
In addition, the monthly transfer volume of TRX Rise To the highest level in May this year, reaching $ 132.4 billion.
Binance Free $ 600 (exclusive Cryptopotato): Use this link To register a new account and receive an exclusive welcome of $ 600 on Binance ((Full details).
Limited offer for Cryptopotato readers in bybit: Use this link To register and open the position of 500 dollars for free on any currency!
