TON Telegram Product Revenue Reaches $88.5M in Q1 2026, Cross-Chain NFT Share Hits 35.5%

According to Messari's Q1 2026 report released June 9, TON's Telegram product revenue settled at $88.5 million through Fragment, remaining stable despite a 26.4% drop in spot price. Cross-chain NFT market share surged 130.4% to 35.5%, driven by demand for Telegram-issued Numbers, Usernames, and Gifts.

MTONGA completed four of seven planned upgrades, enabling sub-second finality and reducing transaction fees by 6x. Telegram became TON's largest validator with 2.2 million TON staked. Despite an 8.8% decline in daily active addresses to 90,790, transactions per address increased from 19.2 to 21.0, indicating higher engagement among existing users.