TON Network’s TVL Surpasses $600 Million

The total value locked (TVL) in The Open Network (TON) has exceeded $605 million. The blockchain ranks 15th among the largest DeFi ecosystems, according to DeFi Llama.

The top three projects in the network by TVL include the decentralized exchanges DeDust and StoneFi, as well as the liquid staking service Tonstakers.

On June 15, the price of Toncoin reached a new ATH of $8.25. The previous high was recorded on June 14.

According to CoinGecko, TON is trading at $7.76 at the time of writing.

Earlier, the European trading platform Robinhood Crypto announced the addition of Toncoin, the American venture capital firm Pantera Capital declared a “record” investment in the project, and Tether partnered with The Open Network and Oobit to create a seamless cross-chain payment solution.