TON ecosystem is making great progress: Investors are flocking in!

Ton blockchain has surpassed $300 million for the first time; this represents an increase of more than tenfold since the beginning of March.

Since the implementation of the incentive program, according to DeFiLlama data, TVL of the TON network has increased from 23 million dollars at the beginning of March to the current 315 million dollars. The rapid growth in TVL is due to decentralized exchanges such as Ston.fi and Dedust, as well as liquid staking projects such as Tonstakers and bemo.

Demand for the TON network is increasing!

The network recently included 1 million wallets into the system during the token creation event for Notcoin, a viral clicker game created as a Telegram Mini App. The architecture of TON allowed these users to transact without network interruptions, fee increases, or transaction delays.

Open Network, initially developed from a blockchain project of the popular messaging platform Telegram, which raised $1.7 billion through two private token sales in 2018. However, the launch of the mainnet was blocked due to a legal dispute with the U.S. Securities and Exchange Commission.

After these events, community members established the Ton Foundation and reinitiated active development, which led to the creation of the Free TON Network, commonly abbreviated as TON. This community-driven blockchain was launched in 2021 and continues to be promoted and utilized by Telegram for features such as revenue sharing with channel owners.

This article does not contain investment advice or recommendations. Every investment and trading activity carries risks, and readers should conduct their own research when making decisions.