$TON is trading at $3.66—up 22.72%—on $551 M of 24-hour volume and a $9.12 B market cap. This breakout was sparked by Telegram’s Wallet upgrade adding integrated trading and “Earn” yield-staking for over 100 M users—fueling a 30% surge in on-chain activity—alongside STONfi’s TVL topping $400 M and daily DEX swaps climbing 35%, which underscored rising DeFi usage on The Open Network; new cross-chain bridges to Ethereum and BNB Chain have also unlocked fresh liquidity, while major exchange listings in Asia have broadened fiat on-ramps and drawn renewed retail demand.