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

The TON network’s total value locked crossed the $148 million mark.

TON’s $148 million mark became a new all-time high. According to DefiLlama, the figure increased almost threefold in a month and more than tenfold in a year. At the time of writing, TON’s TVL is $146.4 million.

Source: DefiLlama

Among TON-based projects, the leaders in TVL are the Tonstakers liquid staking protocol and the STON.fi decentralized exchange. At the time of writing, the total value of the assets blocked in them is $200 million and $83.4 million, respectively.

Along with the network’s TVL, the price of the Toncoin (TON) cryptocurrency has increased. Over the month, the asset rose by more than 61%. At the time of writing, it is trading around $6.25.

In addition, the Toncoin price set all-time highs several times in April. The asset’s capitalization also set a record high, taking ninth place among the most significant investments, overtaking Cardano (ADA).

The growth drivers were news related to Telegram. The TON Society developer community has partnered with HumanCode, which develops AI.

The day before the event, the TON team posted on its X page, asking the community if they were ready for the “big announcement.”

Although the topic of the speech was not officially announced, the crypto community suspects the launch of USDT on the TON network is widely discussed in thematic telegram channels and chats.