Historical Record in Telegram Linked Altcoin: Increased 10 Times in 2 Months!
The total asset value locked on the Telegram-related altcoin's network, The Open Network (TON) blockchain, exceeded $300 million.
The locked value collected within The Open Network network exceeded 300 million dollars, breaking new ground. This means a 10-fold increase since March.
The TON network is seeing a huge boost amidst “The Open League,” an initiative of the ecosystem. On the other hand, since TON launched its incentive program, its TVL has increased from $23 million to $315 million.
The big rise in TVL was caused by decentralized exchanges such as Ston.fi and Dedust, as well as staking projects such as Tonstakers and bemo. The token creation of Binance-backed cryptocurrency project Notcoin has also integrated 1 million wallets into the TON blockchain.
In addition, the great activity in the Toncoin network signaled that a new wave of rise in price may come.