Toncoin (TON) surged nearly 10% in a week as Telegram rolled out its self-custodial wallet in the US, allowing users to send, swap, and store cryptocurrency directly within the messaging app.
This "friction-reducing" move could expand the accessibility of the TON ecosystem beyond its core crypto user base. However, DeFi indicators remain relatively modest compared to their previous peaks, suggesting that liquidation hasn't kept pace with the growing interest.
- TON has surged nearly 10% in 7 days and bounced up from the $1.45–$1.50 range.
- Telegram's self-custodial wallet has launched in the US, allowing users to trade crypto directly within the app.
- DeFi TVL is around $85 million, while the stablecoin supply is around $960 million, indicating stable network usage but slow liquidation .
TON surged ahead after a slow start.
Over the past week, TON has surged nearly 10% after buyers returned following a mid-month dip, with prices bouncing from the $1.45–$1.50 range and climbing to around $1.63.
Price movements indicate a return of buying pressure after the correction phase: TON bounced up from the $1.45–$1.50 range and pushed up to nearly $1.63, simultaneously breaking through a short-term resistance zone.
Technical signals are described in a positive light: the RSI is strengthening, and the MACD has reversed to an uptrend. The price is also approaching the upper band of the Bollinger Band, implying increased volatility.
The upward trend is not yet described as "explosive," but the recovery structure and momentum signals suggest that the market still has room to continue, provided that interest remains sustained.
Telegram's US-based custodial wallet gives TON a boost.
The surge in TON's price coincided with Telegram's rollout of its self-custodial wallet in the US, allowing first-time users to send, exchange, and store crypto directly within the popular messaging app.
Telegram announced this rollout in a post here: Telegram launches self-custodial wallet in the US .
The difference lies in reducing the "friction" of use: American users can manipulate crypto within their familiar messaging experience, instead of having to install a separate wallet, transfer through an exchange, or go through multiple verification steps.
Telegram integrates access to TON, USDT (Tether), Non-Fungible Token , and the TON ecosystem directly into the app. If this usage pattern spreads, interacting with cryptocurrencies could become part of daily messaging behavior, rather than just an investment.
TON's DeFi metrics remain modest despite stable network usage.
Despite the price increase driven by "real-world" developments, TON's DeFi indicators have yet to show a significant return of Capital , with TVL around $85 million at the time of writing.
DeFi TVL is around $85 million, described as significantly lower than previous peaks. This reflects the fact that "big Capital " hasn't poured in massively yet, despite positive signs in the user growth story.
Conversely, the supply of stablecoins remains strong, hovering around $960 million. Simultaneously, daily app revenue and transaction fees are described as fairly stable, suggesting that users remain consistently active.
Overall, user activity is building the foundation, but liquidation and long-term locked Capital appear to be slowing down. This is a point to watch to assess whether the upward momentum is being sustained by a sustainable cash flow.
Frequently Asked Questions
Why did Toncoin (TON) increase by nearly 10% in one week?
TON surged nearly 10% this week as buying returned after a mid-month dip, coinciding with Telegram's rollout of its self-custodial wallet in the US, increasing attention and expectations for use within the TON ecosystem.
What can you do with Telegram's self-custody wallet in the US?
Users in the US can send, exchange, and store cryptocurrencies directly within Telegram. This integration reduces the number of steps involved in using crypto compared to having to use a separate wallet app or platform.
What is the current TVL (Total Value) of TON's DeFi and stablecoin supply?
TON's DeFi TVL was reported to be around $85 million at the time of this article, while the stablecoin supply was around $960 million. This indicates stable user activity, but the amount of long-term locked Capital and liquidation has not increased proportionally.
