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The Open Network (TON) has managed to hit a total value locked around $ 714 million, according to DefiLlama. This figure shows that various kinds of protocols are widely used and implemented in TON blockchain. Here is an overview of the most popular protocols sorted by their current total value locked (TVL) in USD.
Top 7 TON Protocols by Total Value Locked
— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) July 11, 2024
The total value of assets locked in The Open Network $TON is around $714M, according to @DefiLlama. Let’s compare the top protocols on @ton_blockchain by current TVL in USD, in order to evaluate their adoption scale. pic.twitter.com/bIReQanltz
DeDust Leads TON Ecosystem with $344M TVL
DeDust holds the highest position in the TON ecosystem with total value locked (TVL) of $344 million. This significant number shows that people trust and use DeDust at a very high level, helping it become an active participant in the network of TON.
STON.fi comes second with TVL at $315 million. The large volume of assets tied to this protocol indicates that this system has significant user support and stability, making it a valuable tool for those within the TON blockchain ecosystem.
Tonstakers takes the third position with $264 million of TVL. This impressive value proves that the protocol is popular and that the community trusts the providers of staking services.
The current total value locked (TVL) on bemo is $77.7 million, making it a significant participant in the TON ecosystem. It is below the top three, however, assets locked demonstrate that bemo has a significant number of users actively utilizing its product and service.
To date, EVAA Protocol has a TVL of $25.5 million. This total value locked up shows that this protocol is gaining more and more adoption and the confidence people have in the functionality offered within the TON blockchain.
TON Ecosystem Reflects Strength with Diverse TVL Across Protocols
Second last on the list is Storm Trade whose TVL is $23 million. The growth of the lock-in value of this protocol can be explained by the increase in the number of users and the confidence in the trading possibilities in TON ecosystem.
Lastly, Stakee completes the list with $22.3 million. Despite the fact that Stakee has the lowest TVL among all the top protocols but it has something crucial to offer staking services to make a contribution in the whole functionality of the TON network.
These numbers indicate the continued growth and diversification of the TON ecosystem and show that more and more people are using DeFi on this blockchain.