DefiLlama announced that the TON blockchain has experienced a significant surge, with Total Value Locked (TVL) reaching $60.975 billion.
This development marks an increase of $30 billion compared to three weeks ago. TVL on DeDust, a leading protocol on the TON network, has grown by 49% in the past week (approximately $30.5 billion). Other smaller projects like bemo Stakee and EVAA have also seen double-digit growth.
As Telegram’s preferred Web3 integration solution, the TON blockchain has garnered significant attention. Reportedly, Telegram is one of the most widely used messaging apps in the world, with over 9 billion users.
Accepting cryptocurrencies, Telegram’s TON has introduced various mini Play-To-Earn games to its platform, such as Notcoin, Yescoin, and Hamster Kombat.
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Confidence in TON has also strengthened due to investments and partnerships. Last month, Pantera Capital announced an investment in TON, while in April, Tether (USDT) also stated that they are collaborating with the project.