Let's take a look at Notcoin's real data:
User Base: According to official data, Notcoin has cumulatively reached over 35 million users, an unprecedented scale in the history of Telegram mini-games.
On-chain Activity: As of August 2025, Notcoin still has over 6 million interactive addresses on TON. Although it is no longer experiencing explosive growth like at the beginning of the year, the weekly active numbers remain in the hundreds of thousands.
Token Distribution: The NOT airdrop was distributed to over 6.5 million addresses, indicating a wide distribution of its token holders, rather than being controlled by a few large players.
Trading Volume: In the early days after launch, daily trading volume once exceeded $1 billion; it has now stabilized, but the normalized daily trading amount still ranges between $50-80 million.
Market Capitalization Level: Current market cap is approximately $700-800 million, ranking among the top in the GameFi sector.
These numbers indicate that Notcoin is not a 'pure meme'; at the very least, it has indeed brought users on-chain and generated ongoing market liquidity. The question is whether the subsequent narrative can continue, rather than just stopping at 'after the airdrop.'
👉 Interactive Question: If a project has 35 million users but a market cap of less than $1 billion, do you see this as an opportunity or a trap?
@The Notcoin Official #Notcoin $NOT
