Thriving Ton Network Ecosystem: Megaton DEX with 2.8 Million TON Tokens and Liquid Staking Surge
The Ton Network’s ecosystem is experiencing significant growth, with notable developments in its decentralized exchange (DEX) landscape and liquid staking applications.
Megaton DEX Leads in Total Value Locked (TVL)
The Megaton DEX has emerged as the leader in Total Value Locked (TVL), boasting an impressive 2.8 million TON tokens. Additionally, DeDust and STON fi are gaining momentum, further diversifying the Ton network’s DEX offerings. While the first DEX, Aggregator Optus, was introduced to the Ton chain in June of this year, it has seen limited adoption, with only 117 unique users engaging with the platform over the past four months.
Introduction of BEMO and Liquid Staking
A notable addition to the Ton ecosystem is BEMO, which is pioneering liquid staking derivatives applications on the network. As of July, 125 independent wallets had deposited a total of 610,000 TON tokens, indicating a growing interest in staking and derivatives within the Ton community. It’s worth noting that a single address holds a substantial 15% of the total staked TON tokens, highlighting the distribution dynamics within the network.
Ton Network Ecosystem Thrives: Megaton DEX Dominates TVL and Liquid Staking Gains Momentum
Telegram Bot Activity Fuels TON Price Growth
The growth of Telegram bot activity, exemplified by Unibot, has played a significant role in driving up the price of TON in recent times. This increase in Telegram bot-driven activity reflects a broader trend of heightened user engagement and the adoption of Ton’s native cryptocurrency, reinforcing its position in the blockchain landscape.
Please note that the information provided on this website is for general market commentary and does not constitute investment advice. It is advisable to conduct your own research before making any investment decisions.