Toncoin (TON) experienced a surge in popularity following its listing on Robinhood for U.S. users. The listing sent the token briefly higher before settling near $3.16 with an $8.12 billion market cap. This news propelled Toncoin into green territory during early Thursday trade, influencing a shift towards bullish sentiment among retail traders. 36.2 million new users joined the TON ecosystem in recent months, adding to the network’s active wallet count which increased by 110 times compared to previous figures and reaching 12.4 million monthly active wallets. Additionally, TVL saw a significant jump from $537,000 in January to $773 million by July. Over $1 billion USDT has been issued on the network, marking a record-breaking milestone for Tether. These developments have fueled institutional interest with Verb Technology, previously known as Verb Technology Company, rebranding to Ton Strategy after investing $713 million in TON tokens. This strategic move positions them with over 5% of circulating supply, exceeding their initial objective. Meanwhile, derivatives trading volume increased by 153% to reach $402.69 million, further indicating institutional appetite for the asset. This growth has been fueled by heightened volatility in leveraged bets, resulting in substantial liquidations, with longs losing more than shorts. Toncoin’s daily trading volume on over 50 exchanges reached $16 billion, demonstrating global liquidity and accessibility.