The Toncoin (TON) ecosystem, with potential entry to a couple of billion customers by Telegram, skilled a comparatively gloomy 12 months in 2025. TON’s worth dropped 65% from its early-year peak.
Nonetheless, a number of constructive alerts appeared in late December. These alerts may kind the premise for expectations of a TON restoration in Q1/2026.
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Buying and selling Quantity and Community Exercise Present Enchancment
First, TON’s day by day buying and selling quantity elevated sharply.
In keeping with knowledge from Tonscan, as of the third week of December 2025, TON’s day by day buying and selling quantity had exceeded $154 million. This determine represented a rise of greater than 41.7%.
This marked the best buying and selling quantity stage for December. The surge indicated a return of energetic buying and selling after a slowdown attributable to detrimental sentiment throughout the altcoin market.
TON has held above the $1.4 stage in current days. Rising quantity, mixed with a slowing tempo of worth decline, alerts renewed shopping for stress.
One other notable signal is TON’s return to “trending” standing on CoinGecko. This pattern displays renewed search curiosity and buying and selling demand for TON in December. It additionally helps clarify the current enhance in buying and selling quantity.
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On-chain knowledge provides additional optimism.
Though TON’s day by day energetic customers (DAU) fell sharply in contrast with 2024, the decline now seems to be stabilizing. Consumer exercise beforehand reached report ranges as a result of airdrop and GameFi campaigns.
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Knowledge present that over the previous three months, the variety of day by day energetic customers elevated from 70,000 to almost 100,000. Throughout the identical interval, TON’s worth fell from $3 to $1.4. This divergence suggests returning confidence. It might additionally point out that buyers view TON as undervalued.
What Awaits TON in 2026?
On the Blockchain Life 2025 occasion in October, Pavel Durov – Telegram’s founder – emphasised Telegram’s intention to take a extra energetic position in creating TON’s core expertise in 2026.
In December, Durov introduced the official launch of Cocoon, a decentralized and safe computing community.
GPU house owners have begun incomes TON by contributing computing energy to the community.
Traders imagine Pavel Durov and Telegram will proceed to increase their efforts to deliver TON to a possible one billion customers every month.
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“In 2026, Telegram is gonna ramp up work on creating TON, as Pavel Durov mentioned, including that we should always anticipate some main bulletins. Hoping 2026 can be a bullish 12 months for the TON ecosystem.” – Investor Mr. Satoshik predicted.
One other main milestone not too long ago emerged. Kraken introduced help for the xStocks platform.
This integration permits Telegram customers to purchase, maintain, and switch tokenized U.S. shares and ETFs instantly inside the TON Pockets.
“After pioneering tokenized equities on Solana and increasing to EVM by Ethereum, we set foot on TON. With this strategic step, we take the identical successful resolution chosen by 50,000 customers, transferring over $13B in mixed CEX + DEX quantity, to the blockchain native to Telegram.” xStocks said.
These developments characterize constructive alerts for buyers anticipating a TON restoration. Nonetheless, figuring out TON’s worth backside stays troublesome. Conflicting macroeconomic alerts proceed to stress the broader altcoin market.