ChainCatcher news, the TON Foundation announced an additional $24 million worth of TON rewards to the DeFi incentive program, bringing the total to 5 million TON, which increases the total value of the program to over $75 million. The additional 5 million TON is specifically allocated to reward liquidity providers of the DeFi protocols STON.fi and DeDust, as well as the liquid staking protocols Tonstakers and Bemo on TON.

ChainCatcher news, according to Decrypt, The Open Network announced an additional contribution of 24 million dollars worth of Toncoin (TON) to the DeFi incentive program, bringing the total amount of TON to 5 million, making the total value of the program exceed 75 million dollars so far.It is reported that the additional 5 million Toncoin added today is specifically for rewarding liquidity providers in the STON.fi and DeDust pools, which are the largest automated market maker (AMM) DeFi protocols running on TON.

ChainCatcher news, according to DefiLlama data, the TON network's TVL has surpassed 600 million dollars, currently at 613 million dollars, setting a new historical high.Among them, the TON ecosystem DEX protocol DeDust has seen a TVL increase of 54.43% in the past week.

ChainCatcher news, DWF Labs co-founder Andrei Grachev posted on X that DWF Labs has integrated the TON ecosystem projects STON.fi and DeDust.io, which will provide market making and liquidity management for TON ecosystem projects.According to the Web3 asset data platform RootData, STON.fi is a decentralized automated market maker (AMM) built on the TON blockchain, offering nearly zero fees, low slippage, an extremely simple interface, and direct integration with the TON wallet. DeDust is a decentralized exchange on TON that focuses on user experience (UX), gas efficiency, and scalability.