TON blockchain’s TVL surges above $600 million to set record high | Headlines | News | CoinMarketCap
06/17/2024 15:56The Open Network, or TON blockchain, soared to $609.78 million in total value locked on Monday, according to DefiLlama data. This comes just three …
The Open Network, or TON blockchain, soared to $609.78 million in total value locked on Monday, according to DefiLlama data. This comes just three weeks after the network’s TVL recorded $300 million.
Many of the top 10 protocols on TON, as detailed by DefiLlama, made significant growth in TVL over the past seven days. The TVL on DeDust, a TON-based decentralized exchange liquidity pool, surged by 53% in the past week, reaching nearly $300 million. Smaller protocols such as bemo, Stakee and EVAA have also seen double-digit growth during the same period, the data showed.
TON blockchain has been gaining prominence as Telegram's preferred solution for Web3 integration. Telegram, one of the world's most-used messaging systems, reportedly boasts over 900 million users.
“This massive …