TON Network’s TVL Soars to $148 Million, Achieving Triple Growth in Just One Month

The TON network has witnessed a significant surge in its total value locked (TVL), crossing the impressive $148 million threshold, establishing a new peak in its financial trajectory. According to data from DefiLlama, this marks a near triple increment in just a month and an exponential increase of over ten times within the past year. As of the latest figures, TON’s TVL stands at $146.4 million.

Prominent among the TON-based initiatives are Tonstakers, a liquid staking protocol, and STON.fi, a decentralized exchange. These platforms have been pivotal in this growth, with current locked values amounting to $200 million and $83.4 million respectively.

Parallel to the network’s thriving TVL, the valuation of its native cryptocurrency, Toncoin (TON), has also seen a substantial rise. Over the past month, Toncoin’s price escalated by more than 61%, now trading at approximately $6.25. Additionally, this period has been marked by multiple record-setting moments for the coin, including all-time highs in its price and market capitalization, which recently ranked it ninth among the largest digital assets, surpassing Cardano (ADA).

This upward trajectory has been fueled by several strategic developments within the network. Notably, the TON Society developer community has embarked on a new partnership with HumanCode, a company specializing in AI development.

In anticipation of further exciting developments, the TON team took to their X page just a day before a major announcement, stirring speculation among the crypto community. Although the specifics of the announcement were not disclosed, there is widespread conjecture about the potential introduction of USDT on the TON network, a topic that has dominated discussions in relevant Telegram channels and chat groups.

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