#Coinbase

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. The month demonstrated both cultural relevance through celebrity partnerships and technical maturity via infrastructure upgrades. With 2.18M Telegram Gift holders, $105M in STON.fi volume, and resilient NFT markets, TON enters December positioned for sustained growth.