TON Ecosystem Expands with Stablecoins, DEX Growth in 2024

TON’s TVL stabilizes at $248M with $USDT supply exceeding $1.43B. TON ecosystem will grow from 10 to 50 DeFi projects in 2024. Mini apps and incentive programs drive user engagement and liquidity. The TON blockchain ecosystem showed robust growth in 2024, driven by its expanding decentralized finance (DeFi) offerings, native $USDT integration, and the rise of mini apps. After reaching an all-time high of $740 million in total value locked (TVL) this July, TON stabilized at $248 million, becoming a prominent player in the blockchain space. 2/ We’ve gone far beyond having just 2 DEXes on @ton_blockchain . @Tonco_io has become the first concentrated liquidity market maker on TON. I literally just hopped off a call with them. Gosh, the roadmap is impressive indeed. There are also 2 new stable swaps that won the… — Alenka | TON Foundation (@alenkaUQ) December 12, 2024 While the TVL dropped from its early peak, the TON ecosystem has an abundant $USDT supply of over $1.43 billion. This accounts for 25% of decentralized exchange (DEX) trading volume. On-chain data shows daily active users are steady at 1 million, and the DeFi space now has 50 active pr… The post TON Ecosystem Expands with Stablecoins, DEX Growth in 2024 appeared first on Coin Edition .