TON Blockchain, an emerging force in the cryptocurrency landscape, has witnessed a remarkable surge in its Total Value Locked (TVL). According to insights provided by CryptoRank.io, the TON ecosystem now commands a TVL of $450 million, signifying substantial growth and traction within the blockchain community.

Delving deeper into the data, it becomes evident that platforms like STON.Fi and Tonstakers play pivotal roles in contributing to TON's TVL, with $84 million and $200 million locked, respectively. Additionally, Bemo and lending platform EVAA Protocol make notable contributions, further bolstering TON's ecosystem with their respective TVLs of $72 million and $1.7 million.

Furthermore, platforms such as Hipo, DeDust, and Megaton Finance also lend their support to TON's ecosystem, injecting significant value into the blockchain network. Notably, the privacy-centric platform Tonnel Network has contributed $2.3 million to the TVL, accounting for 0.5% of the total value.

The recent surge in TON Blockchain's TVL has propelled it to the echelons of the cryptocurrency market, securing the prestigious 8th position by market capitalization. This notable achievement can be partly attributed to Pavel Durov, the founder of Telegram, who recently announced plans to allocate 50% of advertising revenue to channel owners. Durov's initiative aims to incentivize Telegram broadcast channel hosting and foster wider token adoption within the TON ecosystem.

In response to Durov's announcement, Toncoin has experienced a significant uptick, reaching unprecedented all-time highs. Over the past month, TON has surged by 61%, currently trading around $6.25. Concurrently, the coin's market capitalization has soared to new heights, surpassing Cardano (ADA) to claim the ninth-largest position in the cryptocurrency market.

In a strategic maneuver, the Open Network blockchain team has launched the Memelandia hub, a groundbreaking initiative designed to support and promote emerging meme coins within the TON ecosystem. Memelandia will serve as a central hub providing real-time data on key metrics such as TVL and user engagement, thereby enhancing accessibility and transparency within the Ton ecosystem.

Moreover, Tether, the operator of the widely-used stablecoin USDT, has strengthened its ties with Telegram's Web3 ecosystem by introducing Tether USDT on the Open Network. This strategic move, announced by Tether Operations on April 19, marks a significant milestone in bridging the gap between traditional finance and decentralized blockchain networks. Paolo Ardoino, CEO of Tether, expressed enthusiasm for this collaboration, stating, "We're thrilled to bring USD₮ and XAU₮ to The Open Network, aligning with its vision of an open and decentralized internet and a borderless financial system."