The price of TON rose 3.7% to $1.605 in the past 24 hours, driven by rising trading volumes and continued developments in decentralized governance and artificial intelligence infrastructure.
According to CoinDesk Research’s technical analysis data model, trading activity surged 16% from the 7-day moving average, with heavy market participant movement supporting the move.
The price surge comes as TON’s largest decentralized finance protocol, STON.fi, launches the network’s first fully on-chain decentralized autonomous organization (DAO). The update allows users who stake STON tokens to vote on governance decisions such as upgrades, parameters and fund allocation.
In return, they receive ARKENSTON tokens representing voting rights, thus incentivizing their long-term participation. STON.fi reports that more than 29 million transactions were completed across 5.6 million wallets, indicating broad user reach.
In addition, Cocoon, a decentralized artificial intelligence platform based on TON, also launched earlier this year, which may still be affecting the demand for the token. The system enables users to rent out unused GPU computing power in exchange for TON, eliminating the need for a centralized cloud provider.
The first major customer is Telegram itself, which is using the network to support confidential message translation. This launch integrates artificial intelligence computing into TON’s ecosystem, positioning it as a privacy-first infrastructure layer for future applications.
TON broke above the $1.6040 resistance and the next target is near $1.6150. Volume surged 67% above the 24-hour average at the time of the breakout.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and reviewed by our editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
