On the night of June 14, the price of Toncoin (TON) reached a new ATH at $8.01.
According to CoinGecko, at the time of writing, the price had retreated to $7.81, yet maintained an upward trend.
The total value locked (TVL) in The Open Network exceeded $556 million, placing the blockchain 15th among the largest DeFi ecosystems, according to DeFi Llama.
The growth is attributed to investors’ keen interest in ecosystem projects and increased trading volumes on cryptocurrency exchanges.
The TON team continues with The Open League competition. Recently, they announced a quest related to this program in Notcoin Earn, where $40,000 in NOT will be distributed among players.
Earlier, on June 5, TON reached a previous price peak following news of the token’s addition to the European trading platform Robinhood Crypto.
Previously, the American venture fund Pantera Capital announced a “record” investment in the project, and Tether partnered with The Open Network and Oobit to create a “seamless cross-chain payment solution.”