TON’s TVL Triples to $148M, Toncoin Surges

TON TVL Toncoin Surges
TON’s total value locked (TVL) has surged threefold in just one month, surpassing the $148 million milestone. This achievement marks an all-time high for TON.

According to DefiLlama, this figure has increased more than tenfold over the past year. As of the latest update, TON’s TVL stands at $146.4 million.

Leading the pack among TON-based projects in TVL are the Tonstakers liquid staking protocol and the decentralized exchange, boasting total locked assets of $200 million and $83.4 million, respectively.

In tandem with the network’s TVL growth, the price of Toncoin (TON) has seen a remarkable ascent. Over the course of the month, the asset has surged by over 61%, currently trading at approximately $6.25.

Furthermore, Toncoin’s price has hit multiple all-time highs throughout April, propelling its market capitalization to new records and securing the ninth spot among the most prominent investments, surpassing Cardano (ADA).

Driving this surge are developments associated with Telegram. The TON Society developer community has forged a partnership with HumanCode, an AI development firm.

The eve of the partnership announcement saw the TON team teasing the community on its X page, hinting at a “big announcement” to come.

Though the specific content of the announcement remains under wraps, the crypto community speculates heavily on the potential launch of USDT on the TON network, a topic widely discussed across thematic Telegram channels and chats.

Also Read: US Senators Introduce Stablecoin Regulation Bill

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