Toncoin has gained 38% since June lows, driven by rising transactions, investor funding, and ecosystem activity.
STON.fi raised $9.5 million from Ribbit Capital and CoinFund, marking the largest funding in Toncoin’s ecosystem to date.
TON Blockchain recorded a 32% increase in transactions and a 52% rise in fees within a single week.
Toncoin extended its rally to $3.60 after climbing for five straight days, marking a 38% increase from its lowest level in June. The market capitalization now stands above $3.7 billion, reflecting renewed interest in the Telegram-linked blockchain.
The price surge followed news that STON.fi, the largest decentralized application in the Toncoin ecosystem, secured $9.5 million in funding. The round was led by Ribbit Capital and CoinFund to support the platform’s growth and development. STON.fi processed over $6.7 million in trades in the last 24 hours and more than $113 million in the past month, according to DeFi Llama.
Strong Network Growth Metrics
Network activity on the TON Blockchain accelerated sharply over the past week. Data from Nansen shows transactions rose 32% to 3.8 million, while fees increased 52% during the same period. Active addresses also grew by 5%, signaling stronger user engagement and broader adoption.
Additional momentum came from the announcement that the TON Foundation and Kingsway Capital Partners will create a treasury company. The venture aims to raise $400 million to accumulate Toncoin, following a strategy seen in other cryptocurrency investment models. This initiative is designed to strengthen Toncoin’s position and liquidity in the market.
Bullish Technical Setup
On the technical front, Toncoin broke past the neckline of a double-bottom pattern at $3.5812 after bouncing from support at $2.722. The move above the 23.6% Fibonacci retracement level, along with a pending 50-day and 100-day moving average crossover, supports the view of further gains. Analysts note that the next resistance level stands near $4.77, which is the 50% retracement target.
Source: TradingView
Toncoin’s rally is being supported by a combination of strong ecosystem funding, robust network growth, and bullish technical indicators. These developments have positioned the asset for continued investor interest as trading activity and adoption trends strengthen across its blockchain ecosystem.
