TON’s total value locked triples in month, crossing $148m mark

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The TON community’s whole worth locked crossed the $148 million mark.

TON’s $148 million mark turned a brand new all-time excessive. In line with DefiLlama, the determine elevated nearly threefold in a month and greater than tenfold in a 12 months. On the time of writing, TON’s TVL is $146.4 million.

TON's total value locked triples in month, crossing $148m mark - 1
Supply: DefiLlama

Amongst TON-based tasks, the leaders in TVL are the Tonstakers liquid staking protocol and the decentralized change. On the time of writing, the whole worth of the property blocked in them is $200 million and $83.4 million, respectively.

Together with the community’s TVL, the value of the Toncoin (TON) cryptocurrency has elevated. Over the month, the asset rose by greater than 61%. On the time of writing, it’s buying and selling round $6.25.

As well as, the Toncoin worth set all-time highs a number of occasions in April. The asset’s capitalization additionally set a file excessive, taking ninth place among the many most important investments, overtaking Cardano (ADA).

The expansion drivers have been information associated to Telegram. The TON Society developer group has partnered with HumanCode, which develops AI.

The day earlier than the occasion, the TON crew posted on its X web page, asking the group in the event that they have been prepared for the “massive announcement.”

Though the subject of the speech was not formally introduced, the crypto group suspects the launch of USDT on the TON community is broadly mentioned in thematic telegram channels and chats.

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