Total value locked (TVL) on the TON network has surpassed $555 million, marking an impressive growth from just $22.9 million on March 24, 2024, showing confidence and investment increasing.
Source: defillama
The native Token of the TON blockchain, Toncoin (TON), promises to attract more deposits as new investors come to the platform.
Decentralized exchanges – including Ston.fi and Dedust, along with countless liquidation Staking projects, such as Tonstakers and Bemo – are increasingly receiving positive attention.
Source: defillama
The TON network ecosystem has attracted many developers and investors, mainly thanks to its association with the largest social media platform, Telegram.
Toncoin is now up 5.5% above $8, setting a new All-Time-High , surpassing the previous peak of around $7.8 reached on June 5.
Source: TradingView
TON currently has a market Capital of $19.4 billion, ranks 10th on Coingecko's rankings, and has seen volume over the past 24 hours skyrocket by more than 100%, currently at $715 million.
In November 2023, TON became the fastest blockchain in the world, with 104,715 transactions per second. And a month ago, TON entered the top 10 largest cryptocurrencies in the world with a Capital of 20.8 billion USD.
TON's daily ratio of profitable and losing trades is currently at 14.22, its highest level since February, indicating that for every losing TON trade, there are 14.22 profitable trades.
Source: Santiment
Furthermore, the Token 's weighted sentiment is currently positive at 0.75 at press time, indicating that discussions around TON on social media platforms are mostly positive.
Source: Santiment
You can XEM the TON price here.
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Annie
Bitcoin Magazine
