What Toncoin is
Toncoin (TON) is a proof-of-stake Layer-1 blockchain, currently ranked 28th by market capitalization among the assets we track. As a proof-of-stake Layer-1, Toncoin hosts applications, settles their transactions, and lets TON holders earn yield by helping validate. Capital at stake — not electricity — is what keeps the chain honest.
Toncoin (TON) is the native cryptocurrency of the Telegram Open Network, designed to facilitate fast and secure transactions within the Telegram ecosystem. It aims to support a broad range of decentralized applications and services.
How consensus and the token economy connect
Staking ties the token's value to network security: more TON bonded means a costlier attack, and stakers are paid for taking that role. Unstaking queues and slashing parameters shape how liquid that capital really is.
Background & fundamentals
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Binance Coin (BNB) Token (BEP-20), and Layer 1 (L1).
Where Toncoin sits in the market
Trading around $1.73, Toncoin carries a market capitalization of $4.64B. Around $91.65M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 1.98% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Toncoin carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. TON remains -79% beneath its all-time high of $8.28, the kind of gap that historically takes a full cycle or a fresh catalyst to close. Measured from its all-time low of $0.5864, TON is up +195%.
What the price history shows
The tape currently reads 24-hour +1.20%, 7-day +2.00%, 30-day +52.88%, 1-year -35.71%. Across roughly the last 365 days of daily candles, TON endured a peak-to-trough drawdown of about 66% before stabilizing.
Volatility profile
Recent action puts Toncoin in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals +52.88%, a useful input for stop placement and position sizing.
How to evaluate Toncoin
For an asset of this type, three lenses matter most:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of TON staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen Toncoin over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
