According to DWF Ventures data panel, TON reached a historical high of $740 million in TVL in July this year, and currently stands at around $248 million. TON's growth is due to the explosion of mini-applications and native support for USDT, with USDT supply exceeding $1.43 billion, accounting for 25% of DEX trading volume. The daily active user count remains stable at around 1 million, with continued growth in DeFi and memecoin trading activity.
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