TON Q1 Cross-Chain NFT Share Grows 130.4% Quarter-on-Quarter

Odaily reports that a report released by Messari shows a clear divergence in the TON ecosystem during the first quarter of 2026. Its cross-chain NFT market share grew by 130.4% quarter-on-quarter, reaching 35.5%; relying on Fragment settlement, revenue from Telegram-related products reached $88.5 million. However, multiple ecosystem metrics declined. TON's total value locked (TVL) in USD fell by 34.9% quarter-on-quarter, daily active addresses decreased by 8.8%, and the average daily USDT transfer volume dropped to $77 million, down 32.5% quarter-on-quarter. Additionally, after the end of the first quarter, TON has implemented 4 out of the 7 initiatives outlined in the MTONGA upgrade plan.