TON Ecosystem Update: November 2025 Marks U.S. Expansion and Strong DeFi & NFT Momentum

TON Strengthens Its Position as a Global Blockchain Ecosystem

November 2025 marked a pivotal month for The Open Network (TON), as the ecosystem combined institutional expansion, consumer adoption, and infrastructure maturity. The standout milestone was Toncoin’s listing on Coinbase, opening regulated access to U.S. retail and institutional investors.

Alongside this expansion, TON demonstrated cultural relevance through viral Telegram-based collectibles, accelerating DeFi activity, and continued resilience across NFTs—even as broader crypto markets cooled.

U.S. Market Expansion Gains Momentum

Coinbase Lists Toncoin

Coinbase added Toncoin (TON) to its platform, a major step for U.S. market penetration. As the largest and most regulated U.S. exchange, Coinbase provides TON exposure to millions of investors who require compliant trading venues, strengthening TON’s institutional credibility.

Consumer Adoption Through Telegram Continues to Scale

“Chat Pay Own” Campaign Gains Traction

TON Wallet launched its “Chat Pay Own” campaign, highlighting Telegram’s integrated experience for messaging, payments, and digital ownership. The initiative gained strong online engagement and reinforced TON’s consumer-first design.

Khabib Nurmagomedov Launches Papakha Gifts

UFC legend Khabib Nurmagomedov debuted his Papakha Gift collection on Telegram:

• 29,000 items sold

• 290 auction rounds

• Top sale: ~$30,000

• Average price: ~$150

The launch validated celebrity IP as a viable driver of engagement within the TON ecosystem.

DeFi Activity Accelerates Across the Network

STON.fi Leads With Record Growth

STON.fi continued to anchor TON’s DeFi ecosystem:

• Awarded DeFi Protocol of the Year

• 30,000+ token pairs

• $105M monthly volume

• 86,000 monthly active users

DeDust Launches Uranus Launchpad

DeDust introduced Uranus, a launchpad where 70% of trading fees are distributed to token creators, featuring automatic CPMM v2 migration and liquidity locks.

Affluent Protocol Sees Explosive Growth

Affluent’s USDT Earn campaign delivered sharp gains:

• TVL: $196K → $1.02M (+418%)

• Users: +53%

DTrade Maintains Market Dominance

• 290,250 transactions

• $5.03M trading volume

• 88.3% market share

MemeRepublic understanding: A $1M-capital memecoin arena launched with cross-chain functionality via STON.fi, NEAR Intents, and Omniston. The campaign is currently paused.

TON Leads NFT Resilience Amid Market Pullback

Lowest Decline Among Major Chains

While broader NFT markets weakened:

• Ethereum: -24.82%

• Base: -39.55%

• TON: -16.76% (best-performing major chain)

Telegram Gifts Adoption Continues

• 2.18M total holders (+11.18% MoM)

• 513,000 unique on-chain wallets (+11% MoM)

High-Value NFT and Username Sales

• Telegram Pin #1: $113,257

• @trade username: 161K TON (~$250K)

• +888 8 008 number: 170K TON (~$269K)

Infrastructure and Developer Tooling Mature Further

Core Technical Upgrades

• New TON documentation launched with AI assistant

• TVM 12: Rich bounced messages, lower instruction costs

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• Tolk v1.2: Cheaper deployment, breaking improvements

• Node upgrades: Optimistic collation, new compression

• Blockchain config updated for BTC Teleport

Gaming and Application Growth Expands Reach

• SIXR: Cricket-focused gaming app launches (2.5B+ audience potential)

• Boinkers: 276K DAU, 155.6K TON transactions, 9.5M sessions

• Caps Game: 122K swaps, 26K caps burned, 440–754 TON daily peaks

Global Developer Engagement Continues to Scale

• 166 new builder registrations

• 100 support requests processed (avg <3.6 days)

• 102 projects, 187 developers onboarded via TON Hubs

• Highlights:

• Hong Kong Bootcamp (66 developers)

• U.S. Hub launch & Devconnect Buenos Aires (300 attendees)

• Berlin Mini Hackathon

• University pipelines activated in Georgia

Payments and On-Ramp Expansion

• Coindisco: Supports 180+ countries, 100+ fiat currencies

• USDT enablement:

• KUN (Hong Kong)

• Coins.xyz (Brazil)

• Coins.ph (Philippines)

• Fonbnk: Africa-focused USDT campaign live

Additional Ecosystem Milestones

• TON x Ignyte hackathon ($30K prizes)

• TON nominated for Best Developer Ecosystem

• 28 new TApps listed

• $150K distributed through Loyalty Program

Conclusion: TON Enters December With Institutional Access and Consumer Momentum

November 2025 positioned TON at a critical inflection point. With U.S. market access secured through Coinbase, sustained DeFi and NFT growth, and expanding global developer engagement, TON continues to bridge institutional infrastructure with mainstream adoption.

As TON moves into December, the ecosystem appears well-positioned to build on this momentum—balancing scale, usability, and resilience in a rapidly evolving crypto landscape.