DeFi activity on TON is accelerating rapidly, with DefiLlama data showing Total Value Locked jumping 20% in 24 hours. The biggest catalyst was STON.fi, which processed $40 million in daily swap volume after recent network upgrades a 26x surge from last week’s average. On-chain activity also intensified, averaging one transaction every 0.73 seconds. The momentum supports the “MTONGA” scaling vision backed by Pavel Durov, signaling growing utility, liquidity, and potential institutional attention for the TON ecosystem.
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