TVL of DeFi protocols on TON exceeded $550 million

The total value locked (TVL) in the major DeFi protocols on the TON blockchain has exceeded $550 million.

Key driver protocols:

• STON.fi: 400+ times growth to $244 million
• Megaton Finance: from $6 million to $135 million
• DeDust: from $370 thousand to $135 million
• EVAA Protocol: from $66 thousand to $20+ million

Since February, TVL has grown by 2000% — from $22.9 million in March 2024 to over half a billion today, demonstrating the rapid development of the TON DeFi ecosystem.