The State of TON DeFi Q2 2024

The launch of native USDt provided a significant boost to liquidity and trading volumes across all major DeFi protocols on TON. As a result, the TON/USDt pools on DeDust and STON.fi became the largest multi-exposure pools with a stablecoin across all blockchains tracked by DefiLlama, with TVLs of $301.12M and $286.75 respectively. Additionally, TON’s Daily Active Addresses (DAAs) surpassed those of Ethereum for the first time.

The quarter also saw impactful infrastructure launches, including the TON Applications Chain (TAC), the first solution to bring EVM capabilities to TON, and TonFura, a platform for building dApps on TON that complements the existing TON API.

Keep track of the ~50% APR opportunities in TON/USDt pools on DeDust and STON.fi, and read our new article about the performance of TON’s DeFi sector in Q2 2024.

You may be interested in: How to Achieve EVM Compatibility in Non-EVM Blockchains.

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