TON Ecosystem Update – May 2025: Gold, Games, Growth & Institutional Momentum

The Open Network (TON) continues its rapid ascent, delivering bold milestones in DeFi, Tokenization, GameFi, NFTs, Institutional Adoption, and developer empowerment—all tightly integrated with Telegram.

You can access the full official report “TON Ecosystem: May 2025” here for comprehensive insights: May 2025 TON Report (PDF)

TON by the Numbers

• 146K daily active wallets

• 243K weekly new on-chain wallets

• 67 DeFi protocols (+22% MoM)

• #1 in global combined NFT trading volume

• Peaked at 10.3K active NFT traders (since May 12)

Tokenized Gold & High-Yield Stablecoins Launch

Tether Gold (XAUt₀): Physical Gold, Telegram Easy

Access LBMA-certified gold directly in Telegram via TON Wallet and STON.fi. Built on LayerZero’s OFT, XAUt₀ supports DeFi use cases across chains.

USDe/tsUSDe: Up to 18% APY

Thanks to Ethena, TON users can now earn high-yield stablecoin yields—up to 18% APY—through TON Space, Tonkeeper, Tonhub, and MyTonWallet during the rollout phase.

Leadership Strengthened

TON Foundation added two industry veterans:

• Martin Masser (ex-STON.fi), Head of Growth

• Nikola Plecas (ex-Mastercard/Visa), VP of Payments

Their expertise will accelerate adoption of Telegram Mini‑Apps and tokenized asset infrastructure.

Developer Tools & Ecosystem Support

• TON Builders Portal: Central hub offering grants, tech support, and marketing across DeFi, GameFi, Payments, AI, and Telegram apps.

• Smart Contract Language (TOLK): Advanced to Release Candidate stage.

• Tonkeeper Pro (iOS): Now includes multisig, 2FA, and folders.

• MyTonWallet: Adds bulk transactions and USDe staking.

• Getgems: Rolls out NFT subdomains & messaging.

Institutional Inflows & Market Listings

• Fonte Capital launched a Toncoin fund on Astana International Exchange (AIX) with custody by BitGo and Bybit—marking a move into regulated institutional-grade territory.

• MEXC’s TON Triumph Month campaign boosts liquidity and attention with $1M in rewards through June 20.

On-Chain Intelligence Comes to Telegram

Arkham Protocol launched a Telegram Mini App featuring 2.1B+ labeled addresses and real-time analytics—with over 200M+ alerts delivered—empowering users with pro-level crypto data in-app.

Read More: TON Ecosystem Update: Social Media Rebranding to Reflect Community Growth

NFTs, Gifts & GameFi Explosion

• Plush Pepe NFT joins the top 5 collections by floor price globally.

• Telegram Gifts surpassed $43.6M in trade volume; highlighted by a $55K Heroic Helmet #1 sale.

• Snoop Dogg joined Telegram and received 1,500+ Gifts from fans.

• Pengu Clash (Pudgy Penguins x Elympics) opened 2M+ signups before its June 18 launch.

DeFi & Real-world Payments Expansion

• tgUSD by Torch Finance (USDT-backed) saw 5× TVL growth, backed by a $20K+ TeFi Alliance reward pool.

• High-yield platforms like TONCO (57% APY) and Storm Trade (27%) gained traction.

• STON.fi and Tradoor continues building—with Ston.fi jumping 30% to $65M TVL, and Tradoor doubling to $4.5M.

Global USDt TON Adoption

• Africa: Fonbnk launches fiat on-ramps.

• Global: Onramp.Money supports 1.1M+ users in 40+ countries.

• Latin America: Ripio, Fiwind support fee-free USDt–TON.

• Europe: CoinsPaid integration.

• Asia: GCash (94M users) and Infini Hong Kong add TON support.

Community & App Discovery via Telegram

• Telegram Apps Center now enables community voting—with 200K+ votes cast, featured apps highlighted, and voters earning exclusive NFTs.

Read More: TRM Labs Expands Blockchain Intelligence Solutions to Enhance Security on TON Network

What’s Next?

TON is not just growing—it’s integrating blockchain into everyday life through Telegram. With gold tokens, high-yield stablecoins, NFTs, GameFi, and institutional backing all in one ecosystem, TON is shaping the future of crypto adoption.

For the full data breakdown, charts, and detailed analysis, download the official report here: TON Ecosystem: May 2025 (PDF)