Messari reported that the TON ecosystem showed diverging performance in the first quarter of 2026, with growth in cross-chain NFT activity alongside declines in several on-chain metrics.
According to Odaily, TON’s cross-chain NFT marketplace share rose 130.4% quarter over quarter to 35.5%. Revenue from Telegram-related products reached $88.5 million, supported by Fragment settlement.
During the same period, TON’s total value locked in USD fell 34.9% quarter over quarter. Average daily active addresses declined 8.8%, and average daily USDT transfer volume dropped to $77 million, down 32.5% from the previous quarter.
Messari also said that after the quarter ended, TON had implemented four of the seven measures in its MTONGA upgrade plan.
TON Ecosystem Shows Diverging Trends in Q1 2026, Messari Reports
2026-06-08 14:04:32
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