TON blockchain's total locked value exceeds $300 million

The total value locked on The Open Network blockchain has surpassed $300 million for the first time, a more than tenfold increase since early March.

The network is experiencing an increase in locked value amid an ongoing ecosystem initiative, The Open League. This is contributing to the rise of TVL by rewarding users of top TON decentralized applications.

Since the incentive program launched, the network's TVL has gone from $23 million in early March to $315 million today, according to DeFiLlama data. TVL's rapid growth has been primarily driven by decentralized exchanges like Ston.fi and Dedust, as well as liquid staking projects like Tonstakers and bemo.

The network recently onboarded 1 million wallets during the token generation event for Notcoin, a viral clicker game built as a Telegram Mini app. TON's architecture allowed these users to transact without network disruptions, fee increases, or processing delays.

Telegram Mini Apps are small applications built into the Telegram messaging platform, allowing users to interact with various services without leaving the application.

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