Wu Blockchain reports that Messari has released the TON Q1 2026 report, stating that whether Telegram's massive user base can drive on-chain activity on TON remains a key variable for the market. In Q1, TON DeFi TVL dropped 34.9% in USD terms to $56.1M, and USDT's average daily transfer volume fell 32.5% to $77M. However, Telegram-related product issuances settled approximately $88.5M in volume via TON routing, and the NFT cross-chain market share rose to 35.5%. Messari believes that the key for Q2 lies in whether the MTONGA upgrade can further enhance the actual usage of Telegram-related users on TON. https://(wublock123.com)/news/messari-ton-q1-onchain-pressure-telegram-transaction-resilience-62445