Ton-Native Memecoins Reach $156 Million Market Cap

The combined market capitalisation of memecoins native to The Open Network (@ton_blockchain) has surged to nearly $157 million, according to CoinGecko data highlighted by @BSCNews. The figure marks a notable recovery for an ecosystem that had struggled with broader market headwinds.

Notcoin and Dogs Lead the Recovery

Within the TON memecoin category, $NOT (Notcoin) and $DOGS have emerged as the standout performers. CoinGecko data shows the TON Meme category is led by Notcoin and Dogs, with both tokens posting gains that have helped drive a broader daily recovery across the sector.

The listings of both $NOT and $DOGS on @Revolut, the European neobank with over 70 million customers, appear to have contributed to renewed interest in the ecosystem. Revolut requires all tokens to pass stringent checks before listing, meaning inclusion on the platform carries a degree of credibility that can drive retail inflows. Revolut is a global financial super app offering banking, payments, and cryptocurrency services, and continues to expand its range of digital asset products.

The $TON token itself has also rallied in tandem with the memecoin sector. The Open Network is a blockchain developed by Telegram, designed for high speed and low fees, and its features make it a platform hosting over 900 decentralised applications, as well as an active environment for launching and trading memecoins. The explosion of Telegram-integrated games has bolstered the TON network, making it one of the fastest-growing blockchain ecosystems in the market.

Telegram Integration Remains the Core Thesis

Telegram has endorsed TON as its official Web3 infrastructure, and the two organisations are working to integrate and promote the TON-based Web3 ecosystem within Telegram. That deep distribution advantage sets TON apart from most competing layer-1 networks, giving TON-native tokens direct access to one of the largest messaging audiences in the world.

On the development side, Telegram founder Pavel Durov has outlined a multi-step upgrade plan beginning with Catchain 2.0, with the next declared step focused on making transactions cheaper, targeting a reduction in fees of approximately six times. If delivered, lower costs could accelerate both developer activity and memecoin trading volumes on the network.

As with all memecoin markets, volatility remains a core feature rather than an exception. Investors should treat the sector accordingly and size positions to reflect the risks involved.

Sources:
CoinGecko: Top TON Meme Coins by Market Cap
KuCoin Learn: Top Meme Coins in The Open Network Ecosystem
Revolut Blog: You Can Now Trade TON Tokens