The TON blockchain is experiencing exponential growth, with TVL in the ecosystem expanding repeatedly. This growth highlights the rising spend of decentralized protocols in the TON ecosystem.
This day recordsdata in step with Phoenix Team ranked the discontinue 10 protocols by TVL on the TON network.
TOP 10 #TVL ON #TON
#Tonstakers #Cygnus $STON #Bemo $EVA $STORM #Stakee $SCALE #Factorial $UTC pic.twitter.com/KvmRX98tGl— PHOENIX – Crypto Recordsdata & Analytics (@pnxgrp) February 26, 2025
Major protocols on the TON blockchain
As per recordsdata, Tonstakers emerged because the discontinue-performing protocol in the TON network. A total TVL of $233.33 million showcases Tonstakers’ recognition. It’s a ways a liquidity staking protocol that provides customers with an inexpensive system to participate in staking. It’s a ways extensively identified for allowing customers to stake assets from as minute as 1 TON.
Cygnus secured the 2d role with a TVL of $56.01 million. It’s a ways a DeFi platform designed to hyperlink ragged finance and the cryptocurrency world.
The third boom goes to STON, which has a $Fifty three.41 million TVL after Cygnus. This figure suggests that STON, a DEX built on the TON network, is taking part in a indispensable plot in facilitating simplified procuring and selling of digital assets.
Bemo, a decentralized liquidity staking platform essentially based on the TON network, comes fourth with $36.Fifty three million. Fifth in boom is EVA Protocol, a decentralized lending platform in the TON network, with a TVL of $36.13 million.
Storm is listed because the sixth with a TVL of $32.80 million. It’s a ways a DEX that allows customers to alternate derivatives with high leverage, accessible at once on Telegram and thru the earn interface.
Stakee is in the seventh situation with a $25.06 million TVL. It’s a ways a staking platform that allows customers to stake the TON token and qualify for better APY earnings.
SCALE, which takes the eighth situation, has a total TVL of $20.60 million. It’s a ways a DEX allowing customers to alternate diverse assets at once on the TON blockchain with out looking out on CEXs.
Factorial Finance takes the ninth role in the ranking, maintaining a TVL of $11.37 million. It’s a ways a lending protocol that allows decentralized lending. Lastly, UTC wrapped up this checklist with a TVL of $10.97 million.
TON blockchain outlook
In 2020, Telegram, a social messaging app, deserted its TON blockchain following factual disputes with the US SEC.
Which implies that, the TON group gained retain watch over of the blockchain and assumed working on its kind, independently with out Telegram’s recount participation.
Since that time, the TON blockchain has continued witnessing persistent growth, turning into one in all the fundamental blockchains to enlist 1,000,000 customers in a day.
The arrest of Telegram’s founder Pavel Durov in August 2024 contributed to an even bigger team spirit inside the TON group.
Presently, the TON blockchain continues experiencing indispensable surges at some level of all metrics at the side of active addresses. Loads of the high procuring and selling volume and consumer adoption entering into TON form from diverse decentralized platforms love these mentioned above.
