The Toncoin price has experienced a remarkable surge, increasing from a monthly low of $6.275 to a trading price of $7.68, representing a 22.5% increase. This growth can be attributed to a combination of factors, including a surge in network activity, broader adoption, and the introduction of Play-to-Earn games on Telegram, all of which played crucial roles in its recovery.

The Astana Financial Services Authority (AFSA) has officially approved Toncoin (TON) for trading in Kazakhstan, following a comprehensive review that confirmed its compliance with regulatory standards. This inclusion is expected to attract a new wave of institutional and retail investors, providing them with secure and transparent trading options within the regulated environment of the AIFC. Toncoin trades at $7.66 and maintains its position as the eighth largest cryptocurrency with a market cap of $18.84 Billion.

The Total Value Locked (TVL) on the Toncoin Network has continued to expand, reaching $700 million on Sunday, according to DefiLlama data. This significant milestone demonstrates the growing adoption and trust in the Toncoin ecosystem. With a substantial 113.41% increase in TVL in June, the network demonstrates robust growth and increasing adoption among market participants.

The current price action suggests that Toncoin is poised for further growth, with the potential to surpass $8.28 and target the $9 mark, followed by $10.5. However, if the market supply pressure persists, the TON price could plunge 4-.5% and seek support at the ascending trendline since mid-March. The dynamic support bolsters buyers with suitable accumulation points and stable higher-low formation.

As the Toncoin network continues to expand and gain traction, it's likely that the price will reflect this growth. With a strong foundation of network activity, adoption, and regulatory approval, Toncoin is well-positioned to break new barriers and reach new heights. The $700 million TVL milestone is a significant achievement, and it will be interesting to see how the price responds in the coming weeks and months.

In conclusion, the Toncoin price analysis suggests a positive outlook for the cryptocurrency, with a strong potential for further growth and adoption. The $700 million TVL milestone is a significant achievement, and it demonstrates the growing trust and confidence in the Toncoin ecosystem. As the network continues to expand and gain traction, it's likely that the price will reflect this growth, and Toncoin could potentially break new barriers and reach new heights.