DeFi, Gaming Drive 1 Million Active Wallets

  • Active wallets near 1M; TVL hits $4.03B in the TON ecosystem.
  • Leading DeFi apps like Tonstakers, STON.fi, and DeDust see TVL growth.
  • Gaming titles Grand Combat, Rocky Rabbit, and others drive engagement.

The TON ecosystem is growing, thanks to increased activity in mini-games and decentralized finance (DeFi). Currently, the number of daily active wallets is nearing 1 million, and the market value of stablecoins has risen to $668 million.

Top decentralized applications (dApps) include Tonstakers, a liquid staking platform with a total value locked (TVL) of $197.72 million, a 4.4% increase. Other major platforms like STON.fi and DeDust saw gains of 6.92% and 13.39%, respectively. Meanwhile, Bemo Finance and Cygnus Finance experienced slight declines in TVL, reflecting the mixed performance of DeFi protocols.

Engagement remained high in the gaming sector as well, with popular titles such as Grand Combat, Rocky Rabbit, and Metaoasis gaining popularity. These games, along with SnakeTON, CatizenAI, and MomoAI, contribute to the ecosystem’s growing user base, which is now close to 1 million active wallets.

Toncoin and Stablecoin Developments

Toncoin, the native cryptocurrency of the TON network, is currently priced at $5.52 and has a market capitalization of $13.9 billion. Its trading volume over the past week hit $24.3 million, showing steady activity despite market fluctuations.

Meanwhile, Tether’s USDT remains dominant, with a circulating supply exceeding $1 billion. USDT’s integration into Telegram Mini Apps, which run on TON’s blockchain, highlights its importance within the ecosystem. Additionally, the TON Foundation and Curve Finance partnership aims to make stablecoin trading more efficient by building a stablecoin swap on the network.

Read also: TON Foundation Taps Curve Finance to Improve Stablecoin Liquidity

On-chain data shows steady progress, with the ecosystem’s TVL reaching $4.03 billion and active wallets climbing to almost 999,000. NFT transfers have jumped to a total of 13.72 million. Recent collaborations, including partnerships with Singapore-based ride-hailing app Tada and the integration of TON dApps with OKX Web3, further expand the network’s reach.

Even under market volatility and some tokens like REDO and GRAM seeing sharp drops, the TON ecosystem continues to show promising growth in DeFi, gaming, and stablecoins.

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Source: https://coinedition.com/ton-ecosystem-expands-defi-gaming-drive-1-million-active-wallets/