The non-fungible token market, which took the crypto world by storm in the early 2020s but plunged significantly three years later, is gradually maturing and quietly shifting from being a speculative digital assets market to an essential digital infrastructure. The TON is one of the key players making the non-fungible token market great again. TON has emerged as the second most active chain for NFT trading after Ethereum.
TON Tops The NFT Market Chart
TON, also known as The Open Network, is a decentralized layer-1 blockchain network designed for high performance. It enables a wide range of applications, including smart contracts, digital payments, and decentralized applications. The TON network focuses on scalability, efficiency, and security, offering a faster and cost-effective alternative to traditional blockchain networks.
In the NFT market, TON is becoming one of the top chains for NFT activity, thanks to Telegram Collectible Gifts. Based on the data compiled by Dune Analytics, an on-chain non-fungible token explorer, shows that the TON is the second most active chain for NFT trading after Ethereum in the past 30 days. While commenting about the unprecedented surge, Pavel Durov, the founder of Telegram, associated the surge with the growth of Telegram collectible gifts.
Telegram Collectible Gifts went up in price several times in the past 30 days. TON is now the #1 blockchain by daily NFT trading volume (or #2 after Ethereum if off-chain trades are not counted). Data: https://t.co/RpDBtuccJH and https://t.co/b1hYZxDMMo pic.twitter.com/iGrF4O96qT
— Pavel Durov (@durov) June 9, 2025
In early 2025, Telegram, the developer of TON network, introduced the ability to upgrade these Gifts into “collectible gifts,” which unlock unique visual variations and traits, making each NFT collectible a one-of-a-kind digital artwork. Gifts are integrated with all functions of the chat app and can be displayed in profiles, bought, and sold through the chat. These collectible gifts move off-chain and can be used as stickers in Telegram.
Even though Telegram gift collections have only existed for months, they picked up their activity after the launch of a dedicated trading platform, the Telegram Gifts NFT Marketplace. Since their inception, Gifts has recorded a trading sales volume of more than $36 million, with over half of the wallets created in 2025. The NFT gifts are held in 184,021 crypto wallets, creating an active user base, which also popularizes the collection on social media.
TON Flips Solana In NFT Activity
The popularity of gifts has pushed TON ahead of Solana in terms of NFT activity, though still behind Ethereum with its large-scale legacy collections. In the meantime, TON features more than 21 NFT projects, some repeating well-known IPs like Pudgy Penguins. In response to the rising heat in the TON NFT ecosystem, the Azuki NFT team has launched a Telegram channel. The Azuki NFT team noted that the culture of privacy, anti-censorship, and creativity within the TON ecosystem aligns with its values.
Excited to launch the official Azuki Telegram channel.
There’s a massive anime community on TG we’ve yet to reach. With its culture of privacy, anti-censorship, and creativity, the TON ecosystem aligns with our values. Looking forward to contributing and connecting.
Also… https://t.co/5UlRFiSrME pic.twitter.com/DGw8iSXT4X
— Zagabond (@Zagabond) June 10, 2025
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