Key Metrics of TON
Key Metrics of TON — key indicators of TON Ecosystem that determine its efficiency, security and scalability. The main metrics of TON Blockchain include: transaction throughput, block propagation time, number of active wallets, number of daily transactions, transaction cost, transaction completion time, smart contract performance and decentralization of blockchain nodes.
The constant evolution of TON Blockchain architecture ensures both improvements in the underlying performance of the blockchain itself and increases the attractiveness of the Ecosystem for investment.
Main goals of fixing TON Blockchain metrics:
- Network status assessment — TON Blockchain metrics allow developers to monitor the health of the network, identify problems in individual nodes, and detect emerging DoS attacks on the blockchain on time.
- Determining performance and scalability — the use of new scalable and performant solutions can significantly increase transaction throughput, making blockchain more useful for all kinds of user transactions.
- Finding bottlenecks and bugs — blockchain-node system metrics help to detect bugs in any part of the code, showing which subsystems are more busy and what tasks are involved.
Market Analysis — due to the data collected through blockchain metrics, it is possible to determine the market direction, supply and demand, parameters of a certain trend, analyze the behavior of users, miners, build new business models based on the data, and much more.
Determining the main metrics of TON
- Transaction throughput — the number of transactions processed by a system per unit of time. It is an important performance metric, especially in the context of database systems, blockchains, and network protocols. Throughput is measured by the number of transactions per second (TPS), and it helps assess how efficiently a system can handle large volumes of data or requests.
- Block propagation time — the time necessary for a new block of data to be propagated throughout the network after its creation. A low block propagation time promotes faster synchronization and reduces the chance of chain forking, which can lead to network splitting when different nodes are running different versions of the blockchain. Block propagation time is an important aspect for improving the efficiency and reliability of blockchain-based networks.
- Number of active wallets — a metric that shows how many unique wallets were used to conduct transactions in a certain period of time. Typically, this metric is used to assess user activity on the blockchain and can be an indicator of its popularity and relevance.
- Number of daily transactions — a metric that indicates the total number of transactions on the blockchain completed in a single day.
- Transaction cost — the price that users pay to process and validate their transactions on the blockchain. Transaction fees matter to users because they affect the overall cost of cryptocurrency transactions, including purchases, exchanges, or transfers.
- Transaction completion time — the period of time required to process and validate a transaction on the blockchain.
- Smart contract performance — the characteristic that determines how efficiently and quickly smart contracts perform specified actions and operations on the blockchain.
- Decentralizing blockchain nodes — a blockchain network metric that involves the distribution of management, operations and data storage across multiple independent nodes, rather than centralized control by a single entity or person.
TON metrics tracking services
TonStat — a service for tracking TON Blockchain metrics, with the ability to change the unit of time (1m, 6m, 1y, all). TON Network statistics are updated daily, including total transactions, performance, total fees, the total number of active wallets in TON network that have been activated, total trading volume on decentralized exchanges, data about the number of TON network validators and others. Divided into sections: Toncoin and TON Blockchain data; Active Wallets; DeFi; Assets and Valuables; Validators.
Toncoin and TON Blockchain data — a general information section about TON Blockchain and its token, containing: the total number of TON tokens; fees (transaction and storage costs); the number of TONs burned per day; number of TONs issued per day; the number of accounts in TON network (this includes wallets, NFTs, stake contracts and other); the number of transactions processed per day.
Active Wallets — a section which records the activity of active wallets, containing: the total number of active wallets in TON network that have been activated; the number of wallet activations per day; the number of wallets making at least one transaction per day; the number of wallets making at least one transaction per month.
DeFi — a section which describes the blockchain's interaction with users in decentralized finance, containing: data about the total amount of funds blocked on relevant decentralized exchanges, represented in TON token; total trading volume on decentralized exchanges, represented in TON token; number of blocked TONs in Liquid Staking by protocol; total number of blocked TONs involved in liquidity support.
Assets and Valuables — a section which demonstrates data about the assets and values created on TON blockchain, containing: data about the total number of wallets containing tokens on TON blockchain; the number of NFTs created; the number of unique DNS domains in TON network that were sold; the number of TONs received as a result of auctions for TON DNS domains.
Validators — a section which describes the main parameters of TON network validator's activity, containing: data about the number of TON network validators; the number of TON tokens blocked by validators; the number of unique countries where validators are active.
Telemetree.io — a service for tracking product metrics on TON Blockchain, which includes monitoring detailed statistics tracking the usage of Web3 wallets while connected to a certain product in TON network.
Enables the product owner to stimulate audience growth, identify product parameters that influence total audience engagement, and make fewer mistakes in its development and popularization. Provides the ability to integrate your service directly into your product using only 4 lines of code. Telemetree demo version is currently available. Reaching billions of people on Telegram, Discord, WhatsApp and other networks, for less than $1 per user in a demo version.
Tonviewer — a service, whose task is to track key metrics of TON Blockchain, including monitoring statistics of transactions per second and transactions in TON network, as well as the number of transactions that transfer tokens and NFTs. This service also provides visual statistics with additional sorting by account and transaction type. It is the most important explorer service for TON Blockchain users.
Moreover, the service allows you to explore the history of wallet creation, the history of transactions, the history of user activity.
One of the key advantages of this service is the keeping of statistics on all popular TON products with the possibility of searching and selecting the optimal product for the task set by an ordinary user. As a result, the user can choose a DEX exchange for asset exchange operations, liquidity formation in TON network, a Web3 wallet for holding TON tokens and jettons, NFT trading services, as well as various DeFi services for interacting with the blockchain.
Tonviewer publishes major news related to TON Blockchain and reports on auctions (current bids) for DNS domains and usernames. It provides quick access to system services that track TON Blockchain formation, transactions, and system updates for network validators.