TON Breaks Above $1.60 as Ecosystem Growth and Market Momentum Drive 8% Surge

TON, the native token of the Telegram-affiliated blockchain, jumped 8.33% in the past 24 hours to trade above $1.60, outperforming the broader crypto market’s roughly 4% rise tracked by the CoinDesk 20 (CD20) index. The move reflects growing investor confidence as the TON ecosystem accelerates development and adoption across Web3, AI, and digital asset applications.

The latest upswing follows the release of TON’s October ecosystem recap, which revealed a series of milestones. Among the most notable is the launch of the Confidential Compute Open Network (COCOON), a decentralized AI initiative introduced by Telegram founder Pavel Durov. Integrated directly into the Telegram app, COCOON is designed to connect financial tools, blockchain applications, and AI-powered services to the platform’s massive 900 million-user base—positioning TON as a key infrastructure layer for AI-driven decentralized finance.

The ecosystem has also expanded with new real-world asset features. TON now enables trading of tokenized U.S. stocks through Telegram-based wallets, while luxury automaker Lamborghini rolled out branded digital collectibles on the network. These additions highlight TON’s push toward mainstream-friendly digital asset utilities.

Institutional interest continues to strengthen, with Bitstamp listing TON, building on earlier backing from Coinbase Ventures and Gemini. Chainlink’s integration of TON as a cross-chain standard further boosts interoperability, making it easier for developers to bring reliable external data into TON-based applications.

On the DeFi side, STON.fi—TON’s largest decentralized exchange—reported steady growth in total value locked and trading activity, supported by new yield farming incentives attracting liquidity.

Technical indicators add to the bullish outlook. TON recently confirmed a breakout from a double-bottom reversal pattern, backed by a 15% rise in trading volume and an RSI recovery from oversold territory, according to CoinDesk Research’s data model.

The combination of expanding utility, rising institutional involvement, and strengthening market structure has put TON in a favorable position as investor attention shifts toward high-growth blockchain ecosystems.