Ton Network’s Booming Ecosystem: Megaton DEX Records 2.8 Million TON Tokens, Liquid Staking Sees Significant Growth

Crypto News- RZinovyev’s exploration of the Telegram-developed Ton network reveals a thriving ecosystem marked by significant milestones and expanding user adoption.

Ton Network’s Booming Ecosystem: Megaton DEX Records 2.8 Million TON Tokens, Liquid Staking Sees Significant Growth

Megaton DEX emerges as the leader in Total Value Locked (TVL), with an impressive 2.8 million TON tokens staked. DeDust and STON fi are rapidly gaining ground, enriching the Ton network’s decentralized exchange (DEX) landscape. Although Aggregator Optus, the first DEX on the Ton chain, made its debut in June of this year, the past four months have witnessed only 117 unique users actively participating on the platform.

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

It’s worth noting that a single address holds a significant 15% of the total staked TON tokens, highlighting the distribution dynamics within the network.

The surge in Telegram bot activity, exemplified by Unibot, has played a vital role in driving up the price of TON in recent times. This upswing in Telegram bot-driven interactions reflects a broader trend of increased user engagement and adoption of Ton’s native cryptocurrency, further cementing its position in the blockchain landscape.