- Arkham Intelligence has removed the TON blockchain from its platform amid claims of low user demand on Arkham.
- Arkham disclosed the news via its X.com handle.
- The decision might have also been inspired based on the downturn in crypto markets. Several tech companies globally have been firing staff to save costs amid global macro uncertainty.
- The TON blockchain remains a popular platform for integrating Telegram mini apps, which are widely used by crypto and blockchain projects.
- Some popular projects on the TON Chain include BackPack Exchange, Notcoin, DOGS, and Blum Exchange.
Arkham Deplatforms TON Support on its Intelligence Platform
Arkham Intelligence has removed support for the TON blockchain, meaning users will not be able to view on-chain analytics from this specific chain.
The step was reportedly taken due to low demand for TON on Arkham Intelligence. It further added that Arkham periodically reviews blockchain integrations on its platform.
In addition to what was stated in the message above, Arkham has been experiencing low growth on its own platform. It recently shut down its own crypto exchange to save costs. Further, the economic downturn in global markets has added to the worries of tech companies, most of which are now desperate to survive.
Here’s a definitive list of blockchain analytics tools that you might need for TON.
Other Low-Demand Blockchains on Arkham
We found several other chains with low user demand on Arkham, including Dogecoin, AVAX, and Flare. We expect to see more removals taking place on Arkham.
Each blockchain on Arkham consumes similar resources in terms of API costs, AI tokens, and cloud charges. As a result, low demand for that chain might lead to resource wastage. This is the reason why Arkham needs to de-platform a few chains.
Freed resources could be used to provide better services on major chains like Bitcoin and Etheruem where the demand remains high.
Is TON Witnessing a Low User Demand?
Ton has consistently witnessed nearly 2 million transactions per day in March and April, showing that the low-cost blockchain has high user demand despite a market downtrend. The report for the same can be seen on TON Explorer.
The data above indicates that the blockchain, i.e., TON, is indeed in good health.
TON provides a low-cost blockchain with very high transaction speeds. Its uniqueness lies in its integration with the Telegram ecosystem and its on-chain integrations with Telegram mini apps.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
