22 Feb 2027
1.08B GRAM
1.08B GRAM scheduled to return to circulating supply. Watch dilution into a ~2.79B float.
Tokens
GRAM, USD₮, and a long tail of jettons.
The native asset was renamed Gram, 1:1 from Toncoin. The interesting token on TON is still the dollar — plus a 2024 tap-to-earn generation that onboarded millions and kept almost none of them.
Tokenomics
A 2.79B float, a 2027 unlock, a public treasury underwater.
GRAM is not a fixed-supply meme. Validators mint a slow inflation. A large locked tranche returns next year. Corporate bags bought higher.
| Treasury | GRAM held | % of circ. | Avg cost |
|---|---|---|---|
| TON Strategy Co | 219,709,826 | 7.88% | $3 |
| Alpha Compute | 12,878,195 | 0.46% | — |
TON Strategy’s book cost is ~$3 vs a $1.35 spot. A public bag does not equal a bid under the market.
USD₮
The dollar is the real TON token.
People do not open Telegram to buy GRAM. They open it to send money. Tether on TON is that money. TRON still owns the global USDT float; TON owns the chat.
Two dashboards, two numbers. Tonscan counts the jetton. DefiLlama’s basket is tighter. We print both. Fee to send: about $0.0003, finality under a second.
Jettons
The token standard, ranked by cap.
After USDT and tsTON the list is a graveyard of tap-to-earn plus one duck. Click a row to open the market or the venue.
USD₮ USDT
Tether on TON. The payment rail. Tonscan prints jetton supply / holders live; DefiLlama’s stablecoin basket is tighter. · 3.4M holders
$1.4B
Tonstakers TON tsTON
Liquid staked GRAM. Largest non-stable jetton by TVL. · 107,000 holders
$154M
Notcoin NOT
The tap-to-earn that proved Telegram can onboard millions on-chain. 80B airdrop in 2024. · 2.9M holders
$45M
Catizen CATI
Mini-app game token. 39M users before TGE. · 1.7M holders
$45M
Utya UTYA
Native TON meme (duck). Often the most liquid “real” meme after the airdrop names.
$26M
Dogs DOGS
Telegram-adjacent meme. Still in the top TON ecosystem caps.
$15M
STON STON
DEX token. Value is the venue, not the ticker.
$13M
Hamster Kombat HMSTR
Up to 300M players before TGE. After the airdrop, TON on-chain activity cratered — the cautionary tale. · 1.3M holders
$11M
The 2024 lesson
Airdrops mint accounts. They do not mint a money market.
Notcoin, Hamster, Catizen pushed TON accounts from ~4M to 128M in a year. After claim day, daily actives fell off a cliff. The 2026 question is conversion: Stars, USDT, gifts, numbers — not another tap. Tracked mini-app MAU of 21.3M is the honest number; 100M sessions is the press number.