The State of TON DeFi Q3 2023 is now live. The standout development of the quarter is the surge in liquid staking, underscoring the growing demand for flexible capital efficiency tools within the ecosystem.

Key highlights of this quarter:

- The launch and rapid growth of liquid staking protocols, such as bemo and Tonstakers, are mitigating the decline in TON TVL following the end of the Liquidity Mining Campaign. Notably, both Tonstakers and bemo currently hold the top positions by TVL in TON, with the latter also making an appearance in CryptoRank's "Top-10 Liquid Staking Projects by 30D TVL Growth."
- STON.fi launched the first farming program in TON Ecosystem.
- The official TON-Ethereum bridge now supports transfers of all ERC-20 standard tokens to and from TON Blockchain and supports Wallet Connect.
- DAOLama, an NFT lending platform, and TonUP, a launchpad, are two new projects that were launched on TON this quarter.
- The unveiling of Wallet in Telegram and TON’s role in building Telegram’s Web3 ecosystem are positioning TON’s DeFi as the ultimate decentralized alternative to traditional banking.

Our previous reports:

The State of TON DeFi Q2 2023
The State of TON DeFi Q1 2023
TON: DeFi Landscape

#DeFi #October2023 #Q3_2023 #TON