Toncoin’s deep integration with Telegram gives it access to nearly a billion users, fueling adoption through mini apps, dApps, and real-world use cases.
If adoption continues and Telegram-based apps gain traction, Toncoin could close 2025 between $3.8 and $5, reaching a $10B market cap.
Since its launch in 2018, Toncoin [TON] has experienced steady growth, rising 415% to $2.14 as of this writing. Its market cap has grown massively, peaking at $24.3 billion in 2024, before falling to $5.3 billion.
Amid this growth, Toncoin has become the 24th cryptocurrency by market cap. But what’s behind Toncoin’s growth?
The hidden strength of Toncoin is its user base. Unlike most cryptocurrencies, which struggle to find users after launch, Toncoin doesn’t.
As such, Toncoin’s direct integration with Telegram stands out as a massive advantage that other networks can only imagine.
Through its integration with Telegram, the blockchain directly connects to almost a billion people worldwide.
This makes it highly attractive to investors, as it represents a sync between a trusted brand and potential for mass adoption at a global scale.
This relationship sets Toncoin apart from other crypto assets, as it’s a gateway to blockchain adoption on a global scale.
While most cryptocurrencies are limited to just payment, Toncoin’s usage and applicability go beyond that.
For starters, through The Open Network, developers build and deploy games, smart contracts, DeFi protocols, and other apps.
In fact, there are over 78 active dApps on the network, including 30 DeFi games, 24 games, 18 exchanges, and 25 collectibles.
Additionally, Toncoin supports the creation and trading of NFTs; per Tonscan, there are five NFTs built on it. On top of that, developers have integrated Toncoin into mini apps inside Telegram, enabling seamless experiences.
Finally, Toncoin offers massive future potential through cross-border payments. With Telegram’s global reach, Toncoin could thus become a significant tool for remittances and international transfers.
Besides its external strength, the network’s on-chain activity has experienced steady growth. Per Artemis data, the supply of stablecoins on Toncoin has experienced sustained growth, jumping from 13.7% to $875 million.
At the same time, the number of transactions surged 2.84% to 2 million, while adjusted transaction volume is up 80% to $3.3 billion.
Such a massive spike in stablecoin usage implies that more capital is deployed, moved, parked, and used within the ecosystem, boosting liquidity on DEXs.
As a result, trading activity on DEX has continued to rise. In fact, Ston.Fi transactions surged to 58%, hitting 29 million, while transactions on Ton.Fun reached 5.2 million.
Toncoin has experienced steady growth, driven by Telegram’s broad user base and growing real-world use cases.
Under these conditions, the Toncoin ecosystem is well-positioned for more growth and adoption. If adoption and ecosystem hold steady, Toncoin will reverse the trend and close between $3 and $3.8 in Q4 2025.
In the most bullish case, if Telegram mini apps gain traction, Ton will rise between $4 to $5 going into 2026. As a result, its market cap will increase again, towards $10 billion.
