In a remarkable month of growth, the TON network has seen its total value locked (TVL) soar to a new all-time high, crossing the $148 million mark. This significant increase represents nearly a threefold rise within just one month and an impressive tenfold growth over the past year.
Details on TON's TVL Growth
As of the latest data, the TON network's TVL stands at approximately $146.4 million. Leading the charge among TON-based projects are the Tonstakers liquid staking protocol and the STON.fi decentralized exchange, with TVLs reported at $200 million and $83.4 million respectively. These figures underscore the robust activity and rapid expansion occurring within the TON ecosystem.
Performance of Toncoin
Accompanying the rise in TVL is the growth in the value of Toncoin (TON), the native cryptocurrency of the TON network. Over the past month, Toncoin has experienced a price surge of more than 61%, currently trading around $6.25. This period also witnessed Toncoin setting multiple all-time highs, reflecting its increasing market acceptance and investor interest. Notably, Toncoin's market capitalization reached a new peak, positioning it ninth among the most significant cryptocurrency investments, surpassing even Cardano (ADA).
Catalysts for Growth
The substantial growth of the TON network and Toncoin can be attributed to several key developments. Prominent among these is the involvement of Telegram and its connected developer communities, such as the TON Society and partnerships with innovative firms like HumanCode, which focuses on AI development.
Just a day before a major event, the TON team teased the community with hints of a "big announcement" on its X page, sparking widespread speculation and excitement within the crypto community. Although the details of the announcement were not explicitly disclosed, there is widespread discussion about the potential launch of USDT on the TON network, as per discussions in various thematic Telegram channels and chats.
Conclusion
The TON network's significant growth in TVL and the surge in Toncoin's value are indicative of the robust dynamics at play within the cryptocurrency landscape. With strategic partnerships and continuous community engagement, TON is setting new benchmarks and is poised for further advancements in the crypto market.
Notice:
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