TON Network Hits Over $140M TVL Milestone Amid Surging Toncoin Price

The TON network achieves a milestone with its TVL surpassing $148 million, signaling significant growth.
Toncoin experiences a remarkable 61% surge in price, reaching around $6.25, amid multiple all-time highs in April.
TON’s bullish trend is attributed to Telegram’s partnership with HumanCode, generating anticipation and excitement among investors.

The TON network has achieved a significant milestone by surpassing the $148 million mark in total value locked (TVL), marking a new peak.

This notable accomplishment follows a nearly threefold increase in TVL in just one month and an impressive tenfold surge over the past year. As of the latest data available, TON’s TVL stands at $146.4 million.

Leading the charge among TON-based projects contributing to this surge in TVL are the Tonstakers liquid staking protocol and the STON.fi decentralized exchange. Together, these projects have locked in a total value of $200 million and $83.4 million, respectively.

Accompanying the rise in TVL, the price of the Toncoin (TON) cryptocurrency has also experienced significant gains. With an increase of over 61% in just a month, TON is currently trading around $6.25. Throughout April, Toncoin reached all-time highs multiple times, driving its market capitalization to new heights and securing it a spot as the ninth-largest investment, surpassing even Cardano (ADA).

The surge in TON’s price and TVL has been attributed to positive developments within the Telegram ecosystem. The TON Society developer community recently announced a partnership with HumanCode, an AI development firm. Prior to this announcement, the TON team teased the community with hints of a “big announcement,” generating anticipation and excitement among TON supporters.

Read CRYPTONEWSLAND on

google news

Overall, these recent achievements underscore the growing prominence of the TON network in the decentralized finance (DeFi) landscape. With its soaring TVL and bullish cryptocurrency, TON appears poised to continue its upward trajectory, fueled by positive developments and robust community backing.

Read also:

Bhea Lacsamana

Bhea is a fintech journalist specializing in crypto, with a unique blend of roles as a content creator, anthropologist, and qualitative researcher. Her articles dive into both financial technology and cultural traditions, reflecting her diverse interests. Catch her immersed in a book where her love for learning thrives.