We published our second quarterly report The State of TON DeFi Q2 2023. Please support us with your likes and subscribe to our Medium to stay updated on the developments in the ecosystem.

Key highlights of this quarter:

- TON Foundation’s Liquidity Mining Campaign caused a surge in TVL with a substantial increase of 30.4% compared to the previous quarter. Notably, TON’s TVL growth rate outpaced that of its peers.
- During this quarter, the liquid staking protocol, bemo, was launched, and Tonstakers, OpenStake, and Hipo Finance were also announced.
- TON saw the introduction of two new DEXs: Flex, a trustless DEX, and Storm Trade, the first DEX for synthetic assets on TON, which is currently in its testnet phase.
- TON Bridge was officially launched and is now supported by DeDust and Flex.

Our previous reports can be found here:

The State of TON DeFi Q1 2023
TON: DeFi Landscape

#DeFi #July2023 #Q2_2023 #TON