$TON

Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized layer-1 blockchain originally developed by Telegram. As of March 17, 2025, Toncoin is trading at approximately $3.40, with a 24-hour trading volume of around $379.83 million.

Recently, Toncoin experienced a significant price surge of over 20%, reaching a high of $3.64. This increase coincided with news that Telegram founder Pavel Durov was granted permission by French authorities to leave the country, allowing him to travel freely.

Toncoin is utilized within The Open Network for transaction fees, staking, and governance. It powers the TON ecosystem, with validators and stakers receiving TON rewards for securing the network. Additionally, it features an on-chain governance platform enabling TON holders to submit improvement proposals.

For those interested in trading Toncoin, it is available on several centralized crypto exchanges. The most active trading pair, TON/USDT, is found on Binance, with a 24-hour trading volume of approximately $49 million. Other popular exchanges include Bybit and OKX.

Please note that cryptocurrency markets are highly volatile, and prices can change rapidly. It's essential to conduct thorough research and exercise caution when engaging in cryptocurrency trading.