$TON
The total locked value (TVL) of TON reached a historic high of $740 million in July this year and is currently around $248 million.
TON's growth is primarily due to the explosion of mini-apps and the native support for USDT. The supply of USDT on the TON network has surpassed $1.43 billion, accounting for 25% of the trading volume on decentralized exchanges (DEX).
The daily active user count on the TON network remains stable at around 1 million, indicating a continuous growth in DeFi and memecoins trading activities.
Tether's announcement to introduce USDT to the TON network adds trading and financial activities related to USDT, providing strong support for DeFi applications. The issuance of USDT on TON has quickly surpassed that of Cosmos and Near, becoming the fifth network after Tron, Ethereum, Solana, and Avalanche.
TON reached a peak performance of 104,715 transactions per second during a public performance live test, processing a total of 107,652,545 transactions, a performance validated by Certik, marking TON as one of the fastest and most scalable blockchains in the world.