According to DefiLlama, the total value locked (TVL) in the TON network reached $609.78 million on Monday. This occurred just three weeks after TVL hit $300 million.

Most of the top 10 TON protocols, according to DefiLlama, showed significant TVL growth over the past seven days. The TVL on DeDust, a decentralized exchange liquidity pool based on TON, increased by 53% last week, reaching nearly $300 million. Additionally, smaller protocols such as Bemo, Stakee, and EVAA also saw double-digit growth over the same period.

The TON blockchain is becoming increasingly popular as Telegram's preferred solution for integrating Web3. Telegram, one of the most popular messaging systems in the world, boasts over 900 million users.

The integration of Telegram with the TON blockchain has led to the popularity of a series of mini-games available in the messaging app. Simplified games with token rewards, such as Notcoin, Yescoin, and Hamster Kombat, have further boosted the network's popularity.

Earlier this month, Telegram introduced a digital payment system for mini-apps called Telegram Stars, offering developers lower promotion fees compared to traditional platforms like the App Store and Google Play.

Recent developments have also fueled interest in TON. Pantera Capital, a venture firm with over $5 billion in assets under management, announced its investment in TON last month, citing its connection with Telegram. In April, the stablecoin issuer USDT Tether announced its collaboration with the TON blockchain.

However, the network's growing popularity has attracted the attention of cybercriminals. Cybersecurity firm Kaspersky stated that scammers have used the messaging app and Toncoin, TON's native cryptocurrency, to create a financial pyramid targeting cryptocurrency users.

The price of Toncoin rose by 0.23% over the past 24 hours to $7.83 at the time of publication.