Telegram’s TON blockchain surges 1,000% in 2024

TON’s total value locked ― a DeFi metric that tracks capital invested in a protocol or blockchain ― has grown 10-fold this year, establishing it as one of the best-performing blockchains in decentralized finance.

Over the past month, TON blockchain’s performance has continued its upward trajectory, with TVL increasing by 46% and peaking at $260 million, DefiLlama data shows.

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