DefiLlama announces that the TON blockchain has experienced a significant surge, with a total locked value (TVL) reaching $60.975 billion. This development marks an increase of $30 billion compared to three weeks ago. The TVL on DeDust, a leading protocol based on TON, has grown by 49% (approximately $30.05 billion) in the past week. Other small projects like bemo Stakee and EVAA have also shown double-digit growth.
As Telegram’s preferred Web3 integration solution, the TON blockchain has garnered considerable attention. It is reported that Telegram is one of the most widely used messaging applications worldwide, with over 9 billion users.
Accepting blockchain, TON on Telegram has introduced various mini Play-To-Earn games to its platform, such as Notcoin, Yescoin, and Hamster Kombat.
Read more:
This is the reason for the decline in altcoin prices last week.
Confidence in TON has also strengthened due to investments and partnerships. Last month, Pantera Capital announced its investment in TON, and in April, Tether (USDT) also stated its collaboration with the project.