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TON Gains 3.7% as STON.fi DAO Launch and AI Platform Expansion Drive Demand
Source: CryptoNewsNet Original Title: TON Gains 3.7% as STON.fi DAO Launch and Telegram-Backed AI Platform Brings Demand Original Link: https://cryptonews.net/news/altcoins/32079665/ TON’s price climbed 3.7% to $1.605 over the last 24-hour period, buoyed by rising trading volume and back-to-back developments in decentralized governance and AI infrastructure.
Trading activity spiked 16% above its seven-day moving average, according to technical analysis data model, with large market player flows supporting the move.
The price jump came as STON.fi, TON’s largest decentralized finance protocol, launched the network’s first fully on-chain decentralized autonomous organization (DAO). The update allows governance decisions, such as upgrades, parameters, and funding allocations, to be voted on by users who stake STON tokens.
In return, they receive ARKENSTON tokens representing voting power, creating an incentive to stay involved over the long term. STON.fi reported more than 29 million completed swaps across 5.6 million wallets, suggesting widespread user reach.