There is renewed interest in TON, whose price rose to $1.60, recording a daily increase of 8.33%. Growing activity in Telegram-related applications, more robust technical indicators and a month full of new features for the ecosystem have revived traders' confidence. Despite general market weakness, TON is emerging as one of the fastest growing assets among major blockchains.
In brief
- TON climbs to $1.60 thanks to the rise of Telegram applications and new developments in the ecosystem.
- Wallet features expand: access to tokenized stock trading, increased liquidity on STON.fi, and more exchanges support TON.
- The network attracts more developers: 217 new projects, global events and new resources for integration.
- Technical indicators are strengthening with an exit from the double bottom, increasing volume and stable on-chain activity.
COCOON strengthens TON's place in the Telegram ecosystem
The near-term shift in sentiment was marked by the release of TON's October recap, highlighting COCOON, a decentralized network created by Pavel Durov, founder of Telegram. Directly connected to the messenger's user base, COCOON positions TON as a key infrastructure for financial services and new digital products integrated into Telegram. Its launch reinforces the idea of TON's strategic role at the heart of this global community.
But the growth doesn't stop there. The report states that Telegram's integrated wallets now allow trading in tokenized US stocks, opening access to a colossal retail market, unique in the blockchain industry.
Listings also continue to expand, with Bitstamp joining existing backers like Coinbase Ventures and Gemini. Liquidity follows this trend: STON.fi, TON's main DEX, shows an increase in TVL and increased interest in trading, supported by new yield farming initiatives.
The ecosystem is growing, while technical signals are improving
Builder activity increased throughout the month, consolidating the network's momentum. Key advances reported include:
Of the consistent updates across the ecosystem highlight a clear progression in project activity and developer engagement.
- 217 new projects integrated into the TON Builders portal.
- 124 support requests, including 91 approved for promotion.
- A new section of guides dedicated to marketing and standards for Telegram applications.
- Global events that brought together hundreds of developers.
- Hackathons and regional workshops promoting practical integration.
At the same time, TON's trading behavior demonstrates stable interest, despite a clear slowdown in the NFT market on other blockchains. Ethereum volumes marked a sharp decline and activity on Base also weakened, while that of TON fell only slightly, suggesting greater patience on the part of holders.
On the technical side, TON has just emerged from a double bottom, while volume is up 15% and the RSI is rising from an oversold zone. The token still remains below its 200-day moving average and far from its historical record, but the market structure is clearly improving. Additionally, 15 bullish days over the past month suggest a gradual return of buyers, driven by ecosystem dynamics.
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