TON Network and Tether (USDT) are soaring! 🚀 The partnership signed in April between the two has shown positive results. 📈 According to data from CryptoQuant, the supply of USDT on the TON network has exceeded $1 billion! 💰
Tether is the king of stablecoins, while TON Network supports sophisticated decentralized applications (DApps) on Telegram. 📲 In the past six months, the supply of USDT on TON has increased by 670%! 😮 Previously, in May the figure was only $130 million, now it is approaching $1.02 billion! 🔥
This is all driven by the growth of the DeFi ecosystem which is growing. 📊 Total Value Locked (TVL) in DeFi has now reached $720 million! 💵
The success of TON Network is also thanks to the mini application on Telegram. Some projects like Notcoin, Catizen, and Hamster Combat have managed to attract attention and funding, although some have disappointed with their airdrops. 😅 While many say the T2E era is over, these games could be beneficial for TON’s future growth. 🎮
At the time of writing, the coin price is at $4.78. 📉 So, the partnership between TON Network and Tether is definitely supporting the rapid growth of USDT. 💨 With the development of the DeFi ecosystem and the integration of new fiats that may increase liquidity, the entire TON ecosystem has the potential to grow even stronger in the future! 🌟