ton_blockchain is one of the fastest growing networks, with its total locked value (TVL) increasing 25 times in just four months. TON token market capitalization is already one of the top ten cryptocurrencies in the world, and its current market performance is as follows:
- Current TVL: $408.78 million
- $TON market cap: $13.83 billion
TON’s DeFi ecosystem
The DeFi ecosystem on the TON network has gained huge advantages. The main data include:
- Daily active wallets: 1.12 million
- $TON locked in liquid staking: 57.5 million
- Daily transaction volume: 12.62 million
These figures are still growing rapidly.
For more information, please visit: https://tonstat.com
Current situation analysis:
By observing TON’s DeFi statistics, TVL is mainly concentrated in the following two categories:
- Liquid pledge
- Decentralized Exchanges (Dexes)
There are other areas that TON developers have not yet explored, one important area being restaking.
Ethereum has @eigenlayer, but what about TON? The answer is @UTONIC_uTON.
About UTONIC:
UTONIC is the first protocol on the TON network to introduce the concept of re-staking. Inspired by EigenLayer, UTONIC uses $TON to provide users with higher returns, support new services, and help other projects.
How UTONIC works:
- Participants include: $TON holders, Liquid Staking Protocol, Operators, and Active Validation Service (AVS).
- UTONIC is a marketplace where developers can leverage re-staked $TON to secure their services.
uTON: UTONIC’s Liquid Re-Staking Token
uTON is a certificate of re-pledged mortgage assets, including:
- $TON
- Any LST (Liquid Staking Token)
Soon, uTON will be supported by DeFi protocols on the TON network, and the team has collaborated with @InfStones, @satlayer, @Stake_Stone, and others.
Current progress:
UTONIC has received $100 million in institutional TVL commitments prior to its launch, with investors including TonStake, iZUMi Finance, InfStones, SatLayer, and StakeStone.
For more details, please see: https://cointelegraph.com/news/ton-restaking-protocol-100m-tvl-launch
UTONIC user expectations:
- Get triple benefits instead of just holding $TON
- $UTC Airdrop (confirmed)
- Liquidity mining and airdrop rewards for UTONIC partners
Impact on TON ecology:
- Improve TON's revenue efficiency
- Reduce selling pressure
- Increase the TVL of the TON network. The current TVL/market value ratio is only 0.028, while Ethereum is 0.193
Personal opinion:
When Ethereum has EigenLayer, Bitcoin has Babylon, and Solana has Solayer, @ton_blockchain needs a changer. That’s when @UTONIC_uTON was born.
With $TON’s massive market cap, UTONIC is expected to convert it into TVL on the TON network.
in conclusion:
Although the market value of the TON network has exceeded 15 billion US dollars and ranked among the top ten cryptocurrencies in the world, its ecological development is still relatively lagging behind. Through the introduction of the re-staking protocol UTONIC, TON is expected to significantly increase its TVL and revenue efficiency and promote further development of the network. UTONIC will help TON holders obtain multiple benefits through re-staking, reduce selling pressure, and attract more liquidity. Although it is currently mainly focused on liquid staking and decentralized exchanges, the emergence of UTONIC may become a breakthrough for the TON ecosystem, helping it to be more widely used and continue to grow in the DeFi field.
