TON Ecosystem Update: November 2025

The TON ecosystem achieved significant growth in November 2025, with the Coinbase listing serving as a major catalyst for U.S. market expansion.

November Key Metrics

Top Highlights

Toncoin Listed on Coinbase

Coinbase added Toncoin to its platform, marking a pivotal milestone for TON's U.S. expansion. This listing provides access to millions of retail and institutional investors requiring regulated trading venues.

Khabib's Papakha Gift Launch

UFC legend Khabib Nurmagomedov launched a Telegram Gifts collection that sold all 29,000 items across 290 auction rounds, with top sales reaching approximately $30,000 and average prices of $150.

STON.fi DeFi Award

STON.fi received the DeFi Protocol of the Year award at Blockchain Life, celebrating growth from $92K to $6.65B in volume over three years.

DeFi Momentum

STON.fi: Over 30,000 token pairs available, 86K MAU, $38.2M TVL, $105M monthly volume.

Affluent Protocol: USDT Earn Campaign showed explosive growth — users +53%, TVL +418% to $1M.

EVAA: Staking offering up to 35% APY.

NFT & Digital Collectibles

TON on-chain experienced a 16.76% decline during market cooldown, significantly outperforming Ethereum (-24.82%) and Base (-39.55%). Telegram introduced Stars-based primary auctions — the inaugural Telegram Pin #1 sold for $113,257.

Record Secondary Sales:

• @trade username: 161,182 TON (~$250K)
• +888 8 008 number: 170,168 TON (~$269K)

Infrastructure Updates

• TVM 12: Rich bounced messages, low-cost instructions
• Tolk v1.2: Cheap deployment improvements
• Documentation Redesign: New AI assistant, Dr. Durov's whitepapers in web format

Global Growth

166 new projects registered, 187 developers onboarded across global hubs, and payments expanding to 180+ countries through Coindisco on-ramp aggregator.