Play-to-Earn Games and DeFi Fuel TON Blockchain’s Rise
- TON blockchain’s TVL skyrocketed to $609.78M, doubling in three weeks, driven by growing interest in its protocols.
- Integration with Telegram and play-to-earn mini-games significantly boost TON blockchain’s popularity and adoption.
- Despite Toncoin’s bullish momentum, cybersecurity risks and potential price correction due to overbought signals remain.
The Open Network (TON) blockchain’s Total Value Locked (TVL) has doubled in just three weeks, reaching $608.65 million, signaling a surge in interest and investment in the Telegram-backed project, according to DefiLlama data. The rapid growth highlights the rising interest and investment in TON-based protocols.
Several top protocols on the TON blockchain have experienced significant growth over the past week. DeDust, a decentralized exchange liquidity pool, saw a 50.20% surge in TVL, reaching nearly $300 million. Smaller protocols such as bemo, Stakee, and EVAA also saw double-digit growth during this period, demonstrating the overall positive momentum within the TON ecosystem.
TON blockchain has been gaining traction as Telegram’s preferred solution for Web3 integration. Telegram, a widely used messaging plat…
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