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TON released Q1 2026 data, with Telegram product related revenue of $885 million, despite a 26.4% drop in spot prices. The market share of cross chain NFTs increased by 130.4% to 35.5%, mainly driven by the demand for digital assets released by Telegram. DeFi lock up volume decreased by 34.9% in US dollars and 11.6% in TON terms. The daily average transfer volume of USDT decreased by 32.5% to $770 million, while the number of transfers remained at 73600 per day. The daily active addresses decreased by 8.8% to 90800, but the transaction volume per address increased from 19.2 to 21.0. After the quarter, MTONGA launched four improvements, including Catchain 2.0 and a 6-fold reduction in transaction fees, with Telegram becoming the largest validator and pledging 2.2 million TON. （Messari）