Investment of Coinbase Ventures in Toncoin disclosed by TON Foundation
The TON ecosystem, initially linked to the Telegram messenger, is experiencing rapid growth and maturation. This transformation is due in part to the investment by Coinbase Ventures, which has provided capital, credibility, and impetus for product and developer ecosystem growth.
The ecosystem is currently witnessing a surge in adoption, with over 150 million accounts created and an average of 2 million daily transactions. This growth is supported by Telegram's vast user base of over 1 billion monthly active users. The recent upgrades include a major wallet overhaul, enabling trading, staking, and decentralized features accessible to over 100 million Telegram Wallet users.
TON's transaction finalization speed has improved by 10x, reaching 3-5 seconds, demonstrating production-ready infrastructure. The ecosystem's DeFi trading volume reached $345 million in July 2025, a 97% increase from the previous month. NFT trading volume peaks at $3.5 million daily, placing TON among the top chains for NFT activity.
Strategic partnerships and mainstream appeal are also on the rise. Celebrity involvement, such as Snoop Dogg's $12M Telegram Gifts debut, highlights the ecosystem's broadening cultural relevance. Nasdaq-listed Verb Technology raised $558 million to build a treasury strategy focused on Toncoin, signaling growing institutional confidence and capital inflow into the ecosystem.
Looking to the future, the TON ecosystem aims to solidify its role as the first "everyday blockchain" by 2027. The strategy focuses on seamlessly embedding cryptocurrency into familiar Web2-like interfaces within Telegram, turning crypto from speculative assets into practical tools inside chats, channels, and games.
The ecosystem also plans to expand its Mini App ecosystem, positioning TON as a scalable, mobile-first blockchain alternative that supports privacy, domains, storage, and interoperability. Leveraging Telegram's scale for viral adoption and developer engagement, the TON Builders Portal has attracted over 200 new projects recently.
Finally, the ecosystem is preparing decentralized, resilient infrastructure less dependent on any single entity, including Telegram, to build trust and regulatory resilience.
TON is transitioning from a Telegram-linked blockchain project into a mature, mainstream-ready crypto ecosystem with strong user growth, expanding technical capabilities, promising institutional backing, and a clear vision to become the everyday blockchain for a mobile-first, social-native Web3 experience by 2027. The current DeFi TVL of TON stands at $152.48 million. TON serves as the utility token for Telegram's mini-apps.
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