The TON network’s total value locked (TVL) has grown quickly and now exceeds $148 million. The amazing thing is that TVL has grown ten times in the last year and three times in just one month, according to data from DefiLlama. A new report says that TON’s TVL is now $146.4 million.
As for TVL, the best TON-based projects are the STON.fi decentralized market and the Tonstakers liquid staking system. The fact that these two projects have locked assets worth $200 million and $83.4 million shows how busy they are in the TON world.
Toncoin (TON) Price Skyrockets to All-Time Highs
Along with the rise in TVL, the price of the cryptocurrency Toncoin (TON) has also increased significantly. The asset’s price has increased by more than 61% in the last month, hitting about $6.25 at the time of this report.
In April, the price of Toncoin hit several all-time highs, and the market size broke records. Toncoin has ranked ninth among the best investments, beating well-known cryptocurrencies like Cardano (ADA).
Recent changes to Telegram are the main reason for this amazing growth. HumanCode, a top AI development company, has joined the TON Society developer group. The crypto community has been getting increasingly excited, especially since the TON team mentioned a “big announcement” on its X page the day before the event.
The news details have not been made public yet, but there is much discussion in thematic Telegram channels and chats about the possible launch of USDT on the TON network. This development has gotten much attention and excitement from cryptocurrency fans waiting for more news from the TON team.
