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News

Ton Network’s Thriving Ecosystem: 2.8 Million TON On Megaton DEX And Liquid Staking Surge

September 18, 2023 - Around 2 mins mins to read

Key Points:

  • Telegram’s Ton network witnesses growth with the emergence of DEXs like Megaton, DeDust, and STON fi, along with the introduction of liquid staking through BEMO.
  • The Ton ecosystem also benefits from increased activity on Telegram bots like Unibot, which has contributed to a notable uptick in TON’s price, showcasing the network’s potential for broader adoption.
RZinovyev’s research into the Telegram-developed Ton network unveils a thriving ecosystem, marked by significant milestones and growing adoption. 
Ton Network

The Megaton DEX stands out as the largest in Total Value Locked (TVL), boasting 2.8 million TON tokens. DeDust and STON fi are rapidly gaining ground, adding to the Ton network’s decentralized exchange (DEX) landscape. In June of this year, the first DEX, Aggregator Optus, made its debut on the Ton chain. However, despite its launch, the past four months have seen only 117 unique users engaging with the platform.

A noteworthy addition to the Ton ecosystem is BEMO, the pioneer in liquid staking derivatives applications on the network. As of July, 125 independent wallets had deposited 610,000 TON tokens, demonstrating growing interest in staking and derivatives within the community.

Interestingly, a single address holds a substantial 15% of the total staked TON tokens, emphasizing the distribution dynamics within the network.

The growth of Telegram bot activity, exemplified by Unibot, has played a pivotal role in bolstering the price of TON in recent times. This surge in Telegram bot-driven activity reflects the broader trend of increased user engagement and adoption of Ton’s native cryptocurrency, further solidifying its position within the blockchain landscape.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

News

Ton Network’s Thriving Ecosystem: 2.8 Million TON On Megaton DEX And Liquid Staking Surge

Key Points:

  • Telegram’s Ton network witnesses growth with the emergence of DEXs like Megaton, DeDust, and STON fi, along with the introduction of liquid staking through BEMO.
  • The Ton ecosystem also benefits from increased activity on Telegram bots like Unibot, which has contributed to a notable uptick in TON’s price, showcasing the network’s potential for broader adoption.
RZinovyev’s research into the Telegram-developed Ton network unveils a thriving ecosystem, marked by significant milestones and growing adoption. 
Ton Network

The Megaton DEX stands out as the largest in Total Value Locked (TVL), boasting 2.8 million TON tokens. DeDust and STON fi are rapidly gaining ground, adding to the Ton network’s decentralized exchange (DEX) landscape. In June of this year, the first DEX, Aggregator Optus, made its debut on the Ton chain. However, despite its launch, the past four months have seen only 117 unique users engaging with the platform.

A noteworthy addition to the Ton ecosystem is BEMO, the pioneer in liquid staking derivatives applications on the network. As of July, 125 independent wallets had deposited 610,000 TON tokens, demonstrating growing interest in staking and derivatives within the community.

Interestingly, a single address holds a substantial 15% of the total staked TON tokens, emphasizing the distribution dynamics within the network.

The growth of Telegram bot activity, exemplified by Unibot, has played a pivotal role in bolstering the price of TON in recent times. This surge in Telegram bot-driven activity reflects the broader trend of increased user engagement and adoption of Ton’s native cryptocurrency, further solidifying its position within the blockchain landscape.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.