"Ton Coin Faces Price Pullback Despite Explosive USDT Growth On TON"

The TON network is expanding rapidly, driven in part by Tether USDT integration. Since Tether and TON partnered in April this year, the network has seen impressive growth, maintaining a positive upward trend. According to Cryptoquant, the volume of USDT on TON has now surpassed $1 billion, marking a significant milestone.

USDT(Tether) and TON is a Powerful Partnership

Tether leading as the industry’s largest stablecoin issuer and TON providing a platform for next-gen decentralized applications (DApps) on Telegram, these two are a powerful combination. Over the past six months, USDT on the TON network has surged by 670%. In May, the value of USDT on TON stood at $130 million; today, that figure has reached $1.02 billion.

Cryptoquant data shows that USDT growth on the TON network has been steady since September. This surge is largely fueled by the expanding decentralized finance (DeFi) sector on TON. According to DeFiLlama, the total value locked (TVL) on TON’s blockchain is now approximately $720 million.The future looks promising as Tether plans to launch a Dirham-Backed USDT on the TON network, aiming to boost liquidity in the Middle East. This addition of fiat currency on TON is expected to drive even greater liquidity and expand the circulation of USDT within the ecosystem.

The Role of Telegram USDT and TON Mini-Game Ecosystem

One major contributor to the TON network’s growth over the past year has been Telegram mini-app ecosystem. Games like Notcoin (NOT), Catizen (CATI), and Hamster Kombat (HMSTR) have generated substantial interest, drawing significant capital to the blockchain. Although some of these games, like Hamster Kombat, have faced criticism for issues with airdrops, the overall ecosystem has attracted a strong user base.

While some in the community believe the T2E (Token-to-Earn) trend may be losing momentum, these games continue to bring value to the network. In this evolving landscape, Ton coin remains a standout, even entering the top 10 cryptocurrencies by market cap earlier this year.

Ton coin Current Market Position and Future Potential

At the time of writing, Ton Coin is priced at $4.88, reflecting a modest 0.16% decline over the past 24 hours. While this correction may seem minor, analysts predict Toncoin’s price could potentially surpass $20 within this bull cycle.

With steady growth in the DeFi and DApps spaces, alongside the upcoming expansion into Middle Eastern markets, Toncoin is well-positioned for future gains. For retail investors and crypto enthusiasts, TON ecosystem development and strategic partnerships signal exciting opportunities ahead.