TON’s price rose 3.7% as trading volume climbed and new governance and AI infrastructure developments, including STON.fi’s onchain DAO and Cocoon’s Telegram partnership, bolstered ecosystem growth.
TON climbed 3.7% to $1.605 with trading volume rising 16% above its seven-day average, supported by major ecosystem advancements. STON.fi, TON’s largest DeFi protocol, launched the network’s first fully onchain DAO, enabling users to vote on governance matters via ARKENSTON tokens awarded for staking STON. The platform reported over 29 million swaps across 5.6 million wallets. Cocoon, a decentralized AI service on TON, continues to gain traction by allowing GPU owners to rent computing power for TON, with Telegram as its first major customer using the system for confidential message translation. TON broke past $1.6040 resistance with breakout volume 67% higher than the 24-hour average.