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<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">TON ecosystem’s TVL hits $600m, despite Toncoin’s price dip to $7, sparking future optimism.</p> 
<p>On June 17, 2024, the TON ecosystem achieved a significant milestone by reaching a $600 million in total value locked (TVL). This growth helped the blockchain register a 130% growth in just under a month. Many in crypto community are of the opinion that the network’s growth and current appeal is largely driven by the success of its mini apps.</p> 
<p>However, despite this noteworthy development, Toncoin’s price nosedived on Tuesday. It fell by almost 10%, bottoming at $7. This happens to be its lowest level since June 12. As a result, Toncoin has slipped by more than 15% from its highest point.&nbsp;&nbsp;</p> 
<p>Nevertheless, Toncoin enthusiasts believe that the setback is temporary and anticipate that positive movements are in store for the ecosystem and the coin.&nbsp;</p> 
<p>Analysts are also of the opinion that the growing TVL and the upcoming launch of TapSwap, the popular Telegram tap-to-earn platform could catapult Toncoin to new heights.&nbsp;</p> 
<p>TapSwap is a Tap-2-Earn Telegram mini app with over 26 million social media followers. The developers of TapSwap stated that they had chose Toncoin for its speed and low transaction costs.</p> 
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   <p lang="en" dir="ltr">🚀 <a href="https://twitter.com/tapswapai?ref_src=twsrc%5Etfw" target="_blank" rel="">@tapswapai</a>, the Tap-2-Earn Telegram Mini App with 26M+ social media followers, will launch on <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#TON</a>!<br><br>Launched on Feb 15, 2024, it has seen massive growth. Users earn in-game tokens by tapping and completing missions and tasks. Today, the app boasts over 50M users worldwide and… <a href="https://t.co/DJiZi39wDd" target="_blank" rel="">pic.twitter.com/DJiZi39wDd</a></p>— TON 💎 (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1803036624940384334?ref_src=twsrc%5Etfw" target="_blank" rel="">June 18, 2024</a>
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<p>Another interesting project that has launched on the TON blockchain is Simple-Ton, a new project that aims for an explosive run on the ecosystem. Simple-Ton Coin, inspired by the beloved SpongeBob universe, leverages the Jetton Smart Contract to bring an engaging experience to its community.</p> 
<p>In their commitment to transparency and security, the Simple-Ton team has used two methods to ensure the integrity of <a href="https://simpletoncoin.com" rel="nofollow" target="_blank">Simple-Ton Coin</a>. The first is Renounced Ownership. The contract ownership has been fully renounced, which means no single entity can control or alter the contract.&nbsp;</p> 
<p>Second, the team has burned the liquidity pool to eliminate the risk of rug pulls and provide the community with a secure trading environment.</p> 
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   <p lang="en" dir="ltr">Hello <a href="https://twitter.com/ton_blockchain?ref_src=twsrc%5Etfw" target="_blank" rel="">@ton_blockchain</a> <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$TON</a> <a href="https://t.co/EADl2iT1O1" target="_blank" rel="">https://t.co/EADl2iT1O1</a></p>— Simple Ton Coin (@simpletoncoin) <a href="https://twitter.com/simpletoncoin/status/1802707636149686313?ref_src=twsrc%5Etfw" target="_blank" rel="">June 17, 2024</a>
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<p>Simple-Ton’s current appeal and growth is comparable to another top memecoin on the TON blockchain – Resistance Dog (REDO). With a market cap of $109.76m and 24-trading volume of $5.74m, REDO has grown dramatically over the past week, securing its place in the portfolios of both newcomers and veteran investors.&nbsp;&nbsp;</p> 
<p>With its current approach and robust security measures, Simple-Ton is moving in a similar direction, aiming for substantial growth. However, it remains to be seen what the future holds for this project.</p> 
<p> Read more: <a href="https://crypto.news/heres-why-toncoin-price-is-outperforming-rivals/" rel=""> Here’s why Toncoin price is outperforming rivals </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

TON ecosystem reaches new milestones as Toncoin price falters

crypto.news

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