The total value locked (TVL) in the project, which was initiated by Telegram, has reached a new milestone of $609.78 million, breaking previous records. The TON blockchain has seen significant growth in its TVL, with top protocols experiencing impressive increases. For example, DeDust, a decentralized exchange liquidity pool on TON, saw a 53% rise, reaching close to $300 million in TVL. Smaller protocols like Bemo, Stakee, and EVAA also showed double-digit growth during the same period.
The integration of the TON blockchain with Telegram, a popular messaging platform with over 900 million users, has contributed to its rapid adoption. This large user base provides a strong foundation for TON’s ecosystem, attracting more users and investors. The popularity of play-to-win mini-games on Telegram, such as Notcoin and Hamster Kombat, has increased user engagement on the TON platform. Additionally, the recent launch of Telegram Stars, a digital mini-app payment system with lower fees, has made the platform even more appealing.
Recent investments and collaborations, including Pantera Capital’s investment in TON and Tether’s collaboration with the TON blockchain, have further boosted confidence in the project. The bullish sentiment around TON is supported by its strong connections and partnerships in the crypto space. It is important to note that this information is not investment advice.
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