Crypto Express

07/26 00:16

TON : What’s more on the DeFi front?

For TON’s DeFi ecosystem, the scenario might be a blend of both optimism and caution. The staked TON stood at 791M while the stablecoin market cap rose by 7.85% over the last seven days.

The Total Value Locked (TVL) has dropped by more than 2.5x over the past one year. This discrepancy can be highlighted by the fact that back in July 2024, the TVL was $1.1 billion. Right now, figures for the same are closer to $408M.

The last three days maintained the average 24h DEX volume at about $9M from this week’s high of $15M. Among protocols on TON network, TONCO led by fees paid (roughly $17,432) – More than the combined value of STON.fi, Storm Trade and DeDust.

All these metrics together mean TON’s price is at a crossroads right now. Hence, there is no certainty that it will meet its price target and hike by 21%.

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