The TON blockchain has surpassed a record $600 million in total locked value

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Cryptodnes2024/06/25 01:16

By:Cryptodnes

DefiLlama announced that the TON blockchain experienced a significant surge, reaching $609.75 million in total locked value (TVL).

This development marks an increase of $300 million from three weeks ago. TVL on DeDust, a decentralized exchange liquidity pool based on TON , which is one of the network's leading protocols, grew by 49% (about $300.5 million) in the past week. Other small projects like bemo Stakee and EVAA also witnessed double digit increases.

The TON blockchain has gained quite a bit of traction as Telegram's preferred Web3 integration solution. Telegram, one of the most used messaging apps in the world, reportedly boasts over 900 million users.

The acceptance of block Telegram's TON has brought various mini Play-To-Earn games to its platform such as Notcoin, Yescoin and Hamster Kombat.

This is why altcoin prices fell last week

TON has also seen increased confidence as a result of investments and partnerships. Last month Pantera Capital announced it had invested in TON, while in April Tether ( USDT ) also stated that they are cooperating with the project.

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