TON blockchain’s TVL surges above $600 million to set record high | Headlines | News | CoinMarketCap

06/17/2024 15:56
TON blockchain’s TVL surges above $600 million to set record high | Headlines | News | CoinMarketCap

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 …

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 …

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