TON Rises 3.7% on STON.fi DAO Launch and Telegram-Backed AI Platform
TON surged 3.7% to $1.605 over the past 24 hours, supported by increased trading activity and developments in decentralized governance and AI infrastructure.
According to CoinDesk Research, trading volume jumped 16% above the seven-day average, with large-market flows driving the rally.
The price boost followed the launch of STON.fi’s fully on-chain DAO, TON’s first. Users staking STON tokens can now vote on protocol upgrades, funding allocations, and parameters, earning ARKENSTON tokens representing voting power and incentivizing long-term engagement. STON.fi has facilitated over 29 million swaps across 5.6 million wallets.
Meanwhile, TON’s decentralized AI platform, Cocoon, allows users to rent unused GPU capacity for TON. Telegram is its first major client, using the network for confidential message translation, integrating AI compute into TON’s ecosystem.
Technically, TON broke $1.6040 resistance, targeting $1.6150, with breakout volume 67% above the 24-hour average.
