TON Ecosystem Expands with Stablecoins, DEX Growth in 2024

• TON’s TVL stabilizes at $248M with $USDT supply exceeding $1.43B.  
• TON ecosystem will grow from 10 to 50 DeFi projects in 2024.  
• Mini apps and incentive programs drive user engagement and liquidity.

The TON blockchain ecosystem showed robust growth in 2024, driven by its expanding decentralized finance (DeFi) offerings, native $USDT integration, and the rise of mini apps. After reaching an all-time high of $740 million in total value locked (TVL) this July, TON stabilized at $248 million, becoming a prominent player in the blockchain space.

While the TVL dropped from its early peak, the TON ecosystem has an abundant $USDT supply of over $1.43 billion. This accounts for 25% of decentralized exchange (DEX) trading volume. On-chain data shows daily active users are steady at 1 million, and the DeFi space now has 50 active pr…

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