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TON blockchain TVL surpasses $600 million, signaling growth
Open Network (TON) total value locked reached a new milestone of $600 million on Monday, demonstrating 130% growth in one month.
According to DeFiLlama, as of noon, ET, the network had $612 million worth of blocked assets. data.
TON’s TVL growth is indicative of a broader trend of capital inflow into the blockchain ecosystem observed since March.
Protocols that operate on TON, such as the Tonstakers liquid staking protocol, have also seen notable growth, with a 3% increase in TVL in one week.
But the crux of the network’s appeal comes from the success of its mini apps.
Notcoin, a game where users can accumulate points by repeatedly tapping their mobile devices, has reportedly garnered over 35 million users.
Meanwhile, Hamster Kombat, a clicker and cryptocurrency exchange management game, recently announced that it has surpassed 150 million users.
Players hope that the games will reward them with cryptocurrencies on the TON blockchain.