TON Blockchain’s TVL Surges to $450 Million, Ranks Top 8

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TON Blockchain’s TVL surges to $450 million, driven by platforms like STON.Fi and Tonstakers.
Telegram’s founder Pavel Durov’s initiative to allocate 50% of advertising revenue boosts Toncoin’s performance.
Memelandia hub launched by Open Network enhances the Ton ecosystem.

TON Blockchain, a rapidly growing player in the cryptocurrency industry, has seen a boost in its TVL (Total Value Locked). Based on insights from CryptoRank.io, TON’s chain boasts a TVL of $450 million from various projects within the Ton ecosystem.

Per the same data, platforms like STON.Fi and Tonstakers hold substantial portions of the TVL, with $84 million and $200 million locked, respectively. Bemo comes third with a $72 million TVL, and lending platform EVAA Protocol comes last with a $1.7 million TVL.

Moreover, platforms such as Hipo, DeDust, and Megaton Finance contribute to Ton’s ecosystem, adding significant value. The privacy solution platform Tonnel Network has also contributed $2.3 million to the TVL, which is 0.5% of the total value.

TON Blockchain’s recent TVL surge has propelled it to the 8th largest cryptocurrency by market capitalization. This achievement is partly…

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