The blockchain platform TON recently reached a significant milestone by breaking its total value locked (TVL) record. According to data from the DefiLlama platform, TON’s TVL surpassed $600 million on June 17, increasing to $609.78 million.
Currently, TON’s TVL stands at $605.55 million, achieved just three weeks after the network’s TVL hit $300 million.
The platform highlighted that some of TON’s top 10 protocols saw a notable increase in their TVLs in the past week. DeDust’s TVL grew by 53% last week, reaching almost $300 million. Additionally, smaller protocols like Bemo, Stakee, and EVAA saw double-digit increases.
Toncoin has been experiencing impressive growth in recent months. One key factor contributing to its growth is TON blockchain gaining recognition as Telegram’s preferred Web3 integration solution.
It’s worth noting that Toncoin (TON) has been standing out in recent months due to its impressive network growth, recently overtaking Ethereum (ETH) in daily active addresses. Toncoin is a cryptocurrency gaining traction in the crypto market. Initially created by the Telegram messaging app team, the Toncoin network was designed for high performance, capable of handling high volumes of applications and transactions.
The cryptocurrency Toncoin (TON) recently reached a new all-time high amid significant activity on its network in recent days. In the last thirty days alone, the TON token price has increased by 19.7%.
Toncoin broke its previous record and reached a price of $8.00 for the first time since its launch. The highest price paid for Toncoin (TON) was $8.25 on June 15. At the time of publication, the Toncoin price was quoted at $7.80, down 2.6% in the last 24 hours. Comparatively, the current TON price is 5.63% lower than its historical peak.
Disclaimer: The views expressed in this article are for informational purposes only and do not constitute financial advice. Investing in cryptocurrencies carries a risk of financial loss.
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