The post The TVL of the TON blockchain exceeds $600 million appeared on BitcoinEthereumNews.com.

The blockchain of Ton, developed by the Telegram team, is under all the spotlights of the DeFi sector due to the excellent technical performances recorded and the TVL reached by the ecosystem. The increase in retail interest, which has exploded thanks to the new trend of “play-to-earn” and “tap-to-earn” games, has allowed new capital to flow into TON and push the TVL above the 600 million dollar threshold. It is a crazy growth if we consider that until December 2023 the network counted just 13 million dollars. Let’s see everything in detail below. Ton, the cryptographic network of Telegram, marks an impressive growth since the beginning of the year and surpasses 600 million dollars in TVL in DeFi While the market fully expresses its uncertainty with Bitcoin and Ethereum that still have not taken a clear graphical direction, the TON blockchain earns an honorable mention due to its excellent results recorded in the DeFi field. According to what was reported by DefiLlama the Ton network, also known as Telegram Open Network, has surpassed 600 million TVL, securing the 15th place in the ranking of crypto networks with the most locked capital. We are talking about stratospheric numbers if we consider that at the end of  December 2023 the TVL of the chain developed by the Telegram team amounted to only 13 million dollars: in just 6 months we have witnessed an increase in money of over 46 times. It is also worth noting how in the last 3 weeks about 300 million dollars of TVL have been added, bringing a strong influx of new users and on-chain activity in DeFi. Source: https://defillama.com/chain/TON In this context, 8 of the top 10 protocols developed on TON have recorded a TVL increase in the last 30 days, with the DEX DeDust and STON.fi…

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Filed under: News - @ June 18, 2024 12:08 am