TON network’s Total Value Locked (TVL) surpasses $148 million, reaching a new all-time high. DefiLlama reports a threefold increase in a month and a tenfold increase in a year, with the current TVL at $146.4 million.

Leading TON-based projects in TVL include Tonstakers liquid staking protocol and STON.fi decentralized exchange, with assets worth $200 million and $83.4 million respectively.

Meanwhile, the price of Toncoin (TON) has surged, rising by over 61% in a month and currently trading at around $6.25.

In April, Toncoin price reached multiple all-time highs, propelling its market capitalization to ninth place, surpassing Cardano (ADA).

News related to Telegram has been a key driver of this growth. The TON Society developer community recently partnered with HumanCode, an AI development firm.

Who’s ready for the big announcement?! pic.twitter.com/1i3dBKVYkG – TON 💎 (@ton_blockchain) April 18, 2024

While the specifics of the announcement remain undisclosed, speculation within the crypto community suggests the potential launch of USDT on the TON network, generating buzz in Telegram channels and chats.

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