TON mainnet TVL (Total Locked Value) exceeded US$700 million, a record high. This milestone marks the significant progress that the TON ecosystem has made in the cryptocurrency field.

Breakthrough amount: According to data from DefiLlama, TON mainnet TVL has exceeded US$700 million, with a specific value of US$704 million, which is a record high.

Growth trend: TON’s TVL has continued to grow over the past period, especially in the first quarter of 2024, when TVL increased sevenfold, mainly due to increased activity on DEXs (decentralized exchanges) and liquidity staking Protocol Tonstakers market dominance.

Major Protocols: In the TON ecosystem, DeDust is TVL’s largest protocol, with a 7-day increase of 7.06%, indicating that DeDust has achieved significant success in attracting users and funds.

Ecosystem Development: The success of the TON network ecosystem has attracted many developers and investors, mainly due to its partnership with Telegram, the largest social media platform. As new investors join, Toncoin, the native token of the TON chain, is expected to expand steadily.

Other Metrics: TON has had other big wins. For example, it became the fastest blockchain in the world, processing over 100,000 transactions per second. In addition, TON has quietly ranked among the top ten cryptocurrencies in the world, with a market value of tens of billions of dollars.

To sum up, the TON mainnet TVL exceeding US$700 million is an important milestone achieved in the cryptocurrency field. This achievement not only reflects the strong growth momentum of the TON ecosystem, but also indicates that it may play a more important role in the cryptocurrency market in the future. As more users and funds join, TON is expected to continue to expand its influence and promote the development of the entire cryptocurrency ecosystem.

Reference 4 sources of information