TON's Telegram product revenue reached $88.5 million in the first quarter, and its market share in cross-chain NFTs rose to 35.5%.

CoinFeed reported on June 9th that, according to Messari's "TON Status in Q1 2026" report, Telegram product revenue settled via Fragments reached $88.5 million in the quarter, remaining stable despite a 26.4% drop in spot prices. Cross-chain NFT market share grew by 130.4% to 35.5%, driven by demand for Telegram-issued Numbers, Usernames, and Gifts. Total DeFi locked value fell 34.9% in USD terms, but TON prices only fell 11.6%. Average daily USDT transfer volume decreased by 32.5% to $77 million, while the number of transactions remained flat at 73,600 per day. Average daily active addresses decreased by 8.8% to 90,790.