TON Gains 3.7% as STON.fi DAO Launch and Telegram-Backed AI Platform Brings Demand
TON's price rose 3.7% following the launch of STON.fi's on-chain DAO and demand driven by the Telegram-backed Cocoon AI platform.Summary
The price of TON climbed 3.7% to $1.605, supported by increased trading volume and significant developments within its ecosystem. Key among these was the launch of STON.fi, TON's largest decentralized finance protocol, which introduced the network’s first fully on-chain Decentralized Autonomous Organization (DAO). This DAO allows users who stake STON tokens to vote on governance matters, receiving ARKENSTON tokens as voting power incentives. Furthermore, demand is being influenced by Cocoon, a decentralized AI platform built on TON that allows users to rent out unused GPU power for TON, eliminating reliance on centralized providers. Telegram is already a major customer, using the network for confidential message translation, integrating AI compute into TON as a privacy-focused infrastructure layer.
(Source：CoinDesk)