🚀 The Open Network (TON), a decentralized layer-1 blockchain, is making waves! 🌊 Its daily transfer volume has hit 10% of Bitcoin's, reaching between $5B-$10B. That's some serious growth for a newbie in the crypto world!
📈 TON's native token, Toncoin, is also gaining traction. The number of TON holders has shot up 10x from 2.9M to 32M in just a year.
💰 TON's total value locked (TVL) has doubled in three weeks, hitting a record $620M. This surge since early March shows investors are feeling pretty confident about this DeFi network.
🔍 So, what's behind TON's meteoric rise? A few things:
- Telegram launched a Toncoin-based economy, paying channel owners 50% of ad revenue in TON.
- TON introduced The Open League program, a long-term incentive program with $188M worth of TON up for grabs.
- Decentralized exchanges and liquid staking projects have seen significant TVL growth, boosting the TON ecosystem.
TON's on a roll! What are your thoughts on its growth? Let's chat in the comments! #TON #DeFi #CryptoNews