Haciyev Reşit 
The rapidly growing NFT activity within the TON ecosystem has enabled the marketplace Fragment to achieve remarkable revenue growth in a short period of time. With NFT trading volume rebounding across major blockchains, Fragment delivered a strong performance by surpassing many large DeFi platforms in daily revenue rankings. This rise shows that the NFT ecosystem on the TON network is attracting increasing interest and expanding its user base.
Fragment Generates $2.83 Million in 24 Hours
The TON-based NFT and collectibles platform Fragment generated $2.83 million in revenue over the last 24 hours, climbing toward the top of DefiLlama’s daily revenue rankings. This performance surpassed Hyperliquid, which produced $2.25 million during the same period—demonstrating the strong momentum NFT-focused activity has gained.
Fragment ranked as the third-highest revenue-generating platform, behind only Tether and Circle. This marks one of the platform’s most successful days to date and highlights the rapid acceleration of NFT activity within the TON ecosystem.
Demand for TON NFTs Is Increasing
While the NFT market in general has seen renewed activity, NFT operations on TON have also gained momentum. According to market data:
- NFT sales increased by nearly 50% within 24 hours
- Daily market capitalization grew by 33%
Collections such as Froganas (Solana), fwogs (Ethereum), and Nakamigos (Ethereum) have drawn attention with high trading volumes, reflecting growing interest across multiple networks.
Fragment offers users anonymous peer-to-peer NFT transactions, auctions, and the ability to purchase Telegram usernames, numbers, and subscriptions as digital assets. Its close integration with the TON and Telegram ecosystem expands the user base and directly boosts transaction volume. According to DefiLlama data:
- Last 7 days: $7.08 million in revenue
- Last 30 days: $36.97 million in revenue
These figures show that Fragment has become one of the primary drivers of on-chain activity on TON.
Why Did Hyperliquid Fall Behind?
Although Hyperliquid is a strong derivatives platform with high liquidity, it allocates 99% of its earnings to the Aid Fund. As a result, despite strong user activity, the protocol’s displayed revenue appears lower. Nevertheless, Fragment surpassing Hyperliquid in daily revenue is considered a rare achievement, as derivatives exchanges typically dominate revenue leaderboards.
Is the NFT Season Returning?
The renewed activity in the NFT market indicates that interest in digital collectibles is rising again. Collectors returning to the market to capture early momentum has contributed to increased trading volumes.
Pop culture has also helped fuel this resurgence. A recent public dispute on X between Conor McGregor and Khabib Nurmagomedov, reignited by allegations of an NFT scam, has drawn mainstream attention back to NFTs.
A related assessment stated:
“The growing NFT activity within the TON ecosystem shows that user interest in digital collectibles is rising again. Fragment’s revenue growth demonstrates that the platform offers sustainable growth potential thanks to its strong integration and transaction diversity.”
Assessment
The rapid rise of the TON-based NFT marketplace Fragment is seen as a strong reflection of the broader recovery in the NFT sector. With both revenue and on-chain activity increasing, TON is becoming one of the standout networks in the current cycle. As the overall NFT market regains momentum, Fragment’s growth trend is expected to continue, supporting wider adoption of TON-based projects among a global investor audience.
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