TON Network's TVL Soars to $148 Million, Achieving Triple Growth in Just One Month

The TON network has witnessed a significant surge in its total value locked (TVL), crossing the impressive $148 million threshold, establishing a new peak in its financial trajectory. According to data from DefiLlama, this marks a near triple increment in just a month and an exponential increase of over ten times within the past year. As of the latest figures, TON’s TVL stands at $146.4 million.



Prominent among the TON-based initiatives are Tonstakers, a liquid staking protocol, and STON.fi, a decentralized exchange. These platforms have been pivotal in this growth, with current locked values amounting to $200 million and $83.4 million respectively.



Parallel to the network’s thriving TVL, the valuation of its native cryptocurrency, Toncoin (TON), has also seen a substantial rise. Over the past month, Toncoin's price escalated by m


First found on: Cryptonews from Coinatory