TON’s price rose 3.7% to $1,605 over the last 24-hour period, supported by increasing trading volume and back-to-back developments in decentralized governance and AI infrastructure.
Trading activity rose 16% above its seven-day moving average, according to CoinDesk Research’s technical analysis data model, with large market participant flows supporting the move.
The price jump came as STON.fi, TON’s largest decentralized finance protocol, launched the network’s first fully on-chain decentralized autonomous organization (DAO). The update enables governance decisions such as upgrades, parameters and funding allocations to be voted on by users staking STON tokens.
In return, they receive ARKENSTON tokens that represent voting power, creating an incentive to stay involved for the long term. STON.fi reported more than 29 million completed swaps across 5.6 million wallets, indicating widespread user reach.
Separately, Cocoon, a decentralized AI platform built on TON, also went live earlier this year and may still influence demand for the token. The system allows users to rent out unused GPU power in exchange for TON, eliminating the need for centralized cloud providers.
The first major customer is Telegram itself, which uses the network to power confidential message translation. The launch integrates AI compute into TON’s ecosystem and positions it as a privacy-first infrastructure layer for future apps.
TON broke past $1.6040 resistance, with the next target near $1.6150. Volume at the breakout rose 67% above the 24-hour average.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
