The TON blockchain has achieved a major new milestone, with its total value locked (TVL) soaring to $154 million – a new all-time high. This represents an astounding nearly three-fold increase in just one month’s time and over a ten-fold year-over-year surge, according to data from DefiLlama.
Leading the way among TON-based projects are the liquid staking protocol Tonstakers and decentralized exchange STON.fi, with a combined $283.4 million in total value locked. The network’s native cryptocurrency Toncoin (TON) has also skyrocketed, climbing over 61% in the past month to currently trade at around $6.51
TON’s rising TVL and token price have been fueled by increasing buzz, including news of a partnership between the TON Society developer community and AI firm HumanCode. Speculation is also swirling about the potential launch of the USDT stablecoin on the TON network after a teasing “big announcement” post.
With momentum clearly on its side, all eyes are on the TON blockchain as it continues rapidly gaining traction in the crypto world.
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