TON network’s USDT supply surpassed 500 million, accompanied by increasing interest in Telegram games. TON network, which has been dominating the market with Telegram’s touch-and-win games, attracted attention with its USDT supply. The network, surpassing 500 million USDT supply in a short period, continues to grow every day. This development occurred approximately two months after Tether launched the US dollar-backed stablecoin TON along with the gold-backed stablecoin XAUT. The Open Network, through its official Telegram channel, stated, ‘There is a growing demand for USDT-TON, and this is not surprising. The ability to easily send digital dollars to everyone and everywhere distinguishes USDT-TON as a usage example from others.’
TON Network and DeFi
TON network is receiving significant attention and rapidly growing due to Telegram games. Earlier this month, the total value locked (TVL) in the TON blockchain exceeded $600 million, which was twice the TVL three weeks ago. According to DefiLlama’s data, TON currently has a TVL of $670 million. The network has become a preferred solution for Web3 integration for Telegram, which is reported to have over 900 million users worldwide this year. The increase in network activity is attributed to the growing popularity of touch-and-win games that can be played on Telegram. Games like Notcoin, Catizen, and Hamster Kombat reward users with tokens. Individuals seeing the opportunities in this field naturally flock to Telegram. The native token of the TON blockchain, Toncoin, has reached a market value of $18.5 billion. As of the writing of the news, TON is finding buyers at $7.54.