TON Ecosystem Achieves New Milestones Despite Toncoin Price Dip

TON Ecosystem’s TVL Hits $600M Amid Toncoin Price Dip to $7, Sparking Future Optimism

On June 17, 2024, the TON ecosystem reached a significant milestone by achieving a total value locked (TVL) of $600 million. This impressive growth marks a 130% increase in under a month. Many in the crypto community attribute this surge to the success of TON's mini apps, which have driven substantial interest and engagement.

However, despite this remarkable achievement, Toncoin's price experienced a sharp decline on Tuesday, falling by nearly 10% to a low of $7. This marks its lowest level since June 12. Overall, Toncoin has dropped more than 15% from its recent peak.

Despite the recent price dip, the network's rapid growth and expanding ecosystem continue to inspire optimism about the future of TON. The strong performance in TVL suggests underlying strength that could support a recovery in Toncoin’s price over time.

Nevertheless, Toncoin enthusiasts believe that this setback is temporary and anticipate positive developments for both the ecosystem and the coin.

Analysts share this optimism, noting that the increasing TVL and the upcoming launch of TapSwap, a popular Telegram tap-to-earn platform, could propel Toncoin to new heights.

TapSwap is a Tap-2-Earn Telegram mini app boasting over 26 million social media followers. Its developers chose Toncoin for its speed and low transaction costs, which they believe will enhance the user experience and drive further adoption.

A notable addition to the TON blockchain is Simple-Ton, an innovative project poised for significant growth within the ecosystem. Inspired by the popular SpongeBob universe, Simple-Ton Coin utilizes the Jetton Smart Contract to deliver an immersive experience for its community.

In a commitment to transparency and security, the Simple-Ton team has implemented two crucial measures to safeguard Simple-Ton Coin. Firstly, they have renounced ownership of the contract, ensuring that no single entity retains control or can modify the contract. This step enhances decentralization and community trust.

Secondly, the team has burned the liquidity pool, effectively eliminating the risk of rug pulls and creating a safe trading environment for their users. This proactive approach underscores their dedication to maintaining integrity and fostering a secure ecosystem for Simple-Ton Coin.


Simple-Ton's current momentum and expansion are drawing comparisons to another prominent memecoin on the TON blockchain – Resistance Dog (REDO). REDO has shown impressive growth recently, boasting a market cap of $109.76 million and a 24-hour trading volume of $5.74 million. This surge has solidified REDO's presence in the portfolios of both new entrants and experienced investors alike.

Simple-Ton, with its strategic approach and robust security measures such as renounced ownership and liquidity pool burning, is charting a similar path towards substantial growth. However, the future trajectory of this project will depend on its ability to maintain community engagement, execute its roadmap effectively, and navigate the evolving cryptocurrency landscape.

As Simple-Ton continues to develop and gain traction within the TON blockchain ecosystem, stakeholders and observers will monitor its progress with keen interest to see how it evolves and distinguishes itself in the competitive memecoin market.