TonStat
TonStat is a blockchain analytics tool for TON, using which users can openly observe the main metrics of the network.
TonStat tracks the number of registered network addresses and wallets, the volume of burned and staked Toncoins, the volume of NFTs issued, the number of validators and a number of other metrics.
Toncoin and TON Blockchain data
Total volume of TON
The Total Supply indicator reflects how many Toncoins currently exist. This indicator is calculated by summing up token balances on all accounts.
Fees
Why Transaction Fees exist?
- Network Economics: transaction fees reward network participants, such as validators, for supporting and maintaining The Open Network blockchain.
- Security: fees help prevent network congestion or malicious attacks.
- Spam: fees prevent the mass creation of useless transactions, which improves network performance.
The significance of transaction fees
The current transaction fee is about 0.005 TON. Even with a significant increase in the value of TON, fees will remain low, less than $0.01. Validators can adjust fees if they become too high.
Fees for various transactions:
- Sending TON: the average fee is 0.0055 TON.
- Sending Jettons: the average fee is 0.037 TON.
- Creating NFT: the average fee is 0.08 TON.
Storage fees are charged for each second a smart contract is stored on the blockchain. They depend on the number of cells and bits in the contract, and it's pretty cheap:
- Data Deduplication — avoids duplication and reduces the space required.
- Optimization of algorithms — minimizes computational cost.
Transaction and storage fees paid by users on a daily basis:
The Burning of Toncoins
Coin Burning is the process of destroying a portion of tokens to reduce the total available supply. Tokens are transferred to an inactive wallet with an unknown private key, making them permanently unavailable. Burning can be periodic (quarterly, semi-annual) or real burn (automatic burning with each transaction or block).
TON uses a real burn mechanism that destroys 50% of the fees paid for transactions in each block. This reduces overall and circulating supply, contributing to the sustainable long-term growth of TON ecosystem.
Effect of Burning on TON holders
A real burn does not require action from users and does not affect holdings directly. A reduction in supply over time should favor TON holders, although this also depends on Toncoin usage and market demand.
New Toncoin created
Toncoin Mining, ending June 2022, replaced the traditional Proof-of-Work with Proof-of-Stake, implementing a unique IPoW (Initial Proof-of-Work) approach for initial coin distribution.
Validators now earn Toncoin as a reward, with each block of masterchain adding 1.7 Toncoin and each block of shardchain — 1 Toncoin.
Users pay transaction fees, half of which go to validators and the other half is burned, which can lead to deflation during periods of high blockchain activity.
Toncoin earned by validators.
Accounts
Within TON, the term «account» refers to any type of smart contract on the network. This includes wallets, NFTs, staking contracts, and more.
In TON, everything is a smart contract. Including user wallets, individual features and services (exchanges, site authorization, NFT mint, and so on).
Smart contracts in TON work on the principle of «actors». An actor is a program that receives messages, changes its state, and sends messages to other actors.
Each smart contract in TON has an address where it receives messages. The more smart contracts there are, the more addresses there will be.
The address of a contract is calculated based on two things:
- Compiled code: is the contract program itself, recorded in a special format.
- Initial state: are the values that the contract has at the time of creation.
In summary, the contract address is a hash, that is derived from a combination of code and initial state.
Transactions per day
TON Blockchain works using three key elements: accounts, messages, and transactions.
A transaction is an operation that processes incoming and outgoing messages associated with a particular account, changing its state and potentially generating commissions for validators.
TON Active Wallets
In the context of this statistic, an «onchain wallet» is a smart contract of the «wallet» type. It is important to note that a separate type of smart contract, called a «Jetton Wallet», is required to store tokens.
A wallet is considered «activated» if it has successfully sent at least one outgoing transaction.
The monthly active wallet graph shows the number of unique wallets on the network that have made at least one transaction during a rolling 30-day period. For example, as of March 31, all wallets that made at least one transaction between March 1 and March 31 are counted.
DeFi
Total value of blocked assets at DEX
TVL (Total Value Locked) is the total value of assets locked in the exchange's smart contracts. It is a metric that reflects liquidity and user confidence in the platform. The increase in TVL indicates the growing adoption and usage of DEX, which contributes to its sustainability in the cryptocurrency ecosystem.
DEXs, or decentralized exchanges, allow users to exchange digital assets directly, without the involvement of a central authority. Such exchanges are STON.fi and DeDust.io.
Daily Trading Volume on DEX
Trading volume on DEX is the total amount of assets that are bought and sold during a given period. This metric measures the activity and liquidity of an exchange by showing the total value of transactions made by users.
High trading volumes indicate increased liquidity and activity, which contributes to a more dynamic and efficient market. In addition, trading volume is used by traders and analysts to assess the popularity and performance of DEX compared to other platforms in the market.
Toncoin in Liquid Staking
The Liquid Staking protocols allow users to receive staking rewards without having to block tokens or manage the staking infrastructure.
Users deposit Toncoins and receive tradable Liquid Tokens in exchange, and the protocol's smart contract manages staking through the operators of the staking nodes. User funds remain under the control of the smart contract, preventing operators from directly accessing tokens and ensuring asset security.
Assets
Jetton Wallets
In TON blockchain ecosystem, fungible tokens (FTs) are categorized as Jettons. These tokens are differentiated from others due to their unique implementation on TON blockchain, which utilizes sharding to increase efficiency.
Jetton Wallet Contracts:
Purpose and Functions:
- Jetton wallet contracts are designed to send, receive and burn jettons.
- Each wallet contract stores information about the user's balance.
- In some cases, there are individual owner wallets for each type of jetton.
Difference from other wallets:
- Jetton wallets should not be confused with wallets designed to store and manage only Toncoin, such as v3R2 wallets, highload wallets and others. These wallets cater to specific types of jetton.
Operating mechanism:
- Jetton wallets use smart contracts and communicate via internal messages between the owner's wallet and the Jetton wallet.
For example, if Alice owns a wallet with Jettons, she uses the wallet (e.g., v3R2) to manage the Jettons. When sending Jettons, she sends external messages to her wallet, which in turn sends an internal message to the Jetton wallet. This message triggers the actual token transfer.
The graph shows the number of Jetton wallets with a non-zero balance.
Issued NFT's
NFT — are unique digital assets that are digital works of art that can be bought and sold on platforms such as getgems.io. They help artists earn money from the sale of works and receive royalties when they resell them.
NFT marketplaces have become an important part of the blockchain infrastructure, providing a platform for sharing unique digital assets and helping users understand the concept of blockchain-based ownership.
The graph shows the number of non-fungible tokens (NFTs) that have been created and accompanied by metadata.
TON DNS
TON DNS is a service that translates human-readable domain names (such as wallet.ton or swap.ton) into TON smart contract addresses.
Validators
Validator is a network node that is managed by specialized software run and controlled by individuals or teams on their PCs. The graph shows the following:
- Number of network nodes supporting blockchain operations, validating and writing blocks.
- The total amount of Toncoin (TON) deposited by validators helping to keep the blockchain running.
- Number of countries that host validators that support the operation of the blockchain. This is important to ensure the security and resilience of the blockchain network, reduce the risks of censorship, increase decentralization and productivity, and minimize legal risks.
Thus, TonStat is an important analytical tool for TON network, allowing users to track key metrics and support ecosystem transparency and sustainability.