tl;dr
TON Blockchain has surpassed $300 million in total value locked (TVL) for the first time, marking a significant over tenfold increase since March and signaling rapid growth in decentralized finance (DeFi). The Open League initiative drove user participation, with applications like Ston.fi, Dedust, T...
TON Blockchain achieved a major milestone by surpassing $300 million in total value locked (TVL) for the first time. This represents a over tenfold increase since the beginning of March, signaling rapid growth and significance in the decentralized finance (DeFi) world. The Open League initiative incentivized user participation, driving the surge in TVL. Applications such as Ston.fi, Dedust, Tonstakers, and bemo played a key role in expanding the TON ecosystem.
Since the launch of The Open League, TON's TVL has increased from $23 million to its current value of $315 million, highlighting the network's attractiveness and user experience. Additionally, the creation of 1 million new wallets during the token creation event for Notcoin demonstrated the robustness of TON's architecture. This growth occurred without network outages, higher fees, or transaction delays, showcasing the network's scalability and reliability.
TON Blockchain’s cryptocurrency, Toncoin, currently trades at $6.37 with a market cap of $22 billion and a fully diluted valuation of $32 billion. The network received notable financial support from Pantera, one of the oldest venture funds in the cryptocurrency sector, making its largest investment in TON to date.
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