Telegram's Mini Apps Propel TON TVL Beyond $300M

Telegram's endorsement of blockchain initiatives has spurred significant migration to The Open Network (TON), substantially increasing user engagement and nearly doubling the on-chain Total Value Locked (TVL) in just two months.



According to DefiLlama, users have deposited over $319 million into the Telegram-backed decentralized network, The Open Network (TON). Activity surged in late February, and TVL has almost doubled since early April.



TON's ecosystem has seen rapid expansion recently, with Telegram introducing more crypto-related features. Various on-chain protocols are now building on the Telegram-affiliated blockchain, including derivatives projects, exchanges, lending platforms, liquid staking providers, gaming initiatives, and privacy solutions.



Telegram Fuels TON's Rapid Growth



A significant driver behind TON's


First found on: Cryptonews from Coinatory