TON’s price increased by 3.7% to $1.605 in the past 24 hours, supported by a rise in trading volume and significant advancements in decentralized governance and AI infrastructure.
According to CoinDesk Research’s technical analysis data model, trading volume surged 16% above the seven-day moving average, driven by actions from major market participants.
The price surge followed the launch of STON.fi, TON’s largest decentralized finance protocol, which introduced the network’s first fully on-chain decentralized autonomous organization (DAO). This update enables users who stake STON tokens to vote on governance decisions, including upgrades, parameters, and funding distributions.
In exchange, they earn ARKENSTON tokens, which symbolize their voting influence, encouraging long-term participation. STON.fi highlighted over 29 million swaps completed across 5.6 million wallets, indicating broad user engagement.
Meanwhile, Cocoon, a decentralized AI platform utilizing TON, launched earlier this year and may still be affecting demand for the token. This platform allows users to rent out idle GPU capacity in return for TON, removing reliance on centralized cloud services.
Telegram is the first significant user, employing the network for secure message translation. This launch integrates AI computing into TON’s ecosystem, establishing it as a privacy-centric infrastructure layer for future applications.
TON surpassed the $1.6040 resistance level, with the next target set around $1.6150. Trading volume at the breakout was 67% above the 24-hour average.
Disclaimer: Some parts of this article were generated with the aid of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more details, see CoinDesk’s comprehensive AI Policy.
