• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
TON memecoins show growth amid overall cryptocurrency market stagnation

TON memecoins show growth amid overall cryptocurrency market stagnation

user avatar

by Eve Adams

a year ago


According to Coingecko, memecoins issued on the TON blockchain have shown growth over the past day, despite wider stagnation in the cryptocurrency market. The market capitalization of memecoins increased by 19% in a day, reaching $151 million.

TON network memecoins such as Resistance Dog (REDO), The Resistance Cat (RECA), and Ton Inu (TINU) have grown by 49%, 120%, and 23% respectively over the past week.

In comparison, the overall cryptocurrency market capitalization decreased by 0.1% to $2.54 trillion, with Bitcoin and Ether down by 0.2%.

Large-cap memecoins are also losing value following Bitcoin's decline: The Block GMCI Meme Index, which includes leading memecoins by market capitalization, fell by 2.88% over the past day to 284.96.

TON is a blockchain platform originally developed by the team behind the popular messaging app Telegram, led by the Durov brothers. It was created to integrate cryptocurrency and blockchain features into the Telegram ecosystem. The native token of the TON ecosystem, Toncoin, has dropped by 0.4% over the past 24 hours to $7.78.

According to DefiLlama, the total value locked (TVL) in the TON blockchain grew to $609.78 million on Monday. Just three months ago, this figure was $300 million. Meanwhile, the top 10 TON protocols have shown growth over the past seven days.

Leading the way is DeDust, a decentralized exchange (DEX) aggregator in the TON ecosystem, which grew by 53% last week, reaching nearly $300 million. Smaller protocols also show double-digit growth: Tradoor by 95%, EVAA Protocol by 83%, and STON.fi by 18%.

Bitfinex analysts have identified specific factors that could trigger the next crypto winter.

Regulatory measures are the main factor that could trigger a crypto winter, as increased regulatory scrutiny and stricter rules could reduce investor confidence and lead to market sell-offs, Bitfinex analysts told The Block.

Analysts also pointed to macroeconomic factors that could lead to prolonged sell-offs in the cryptocurrency market.

A significant downturn in the global economy or a major financial crisis could lead to a large-scale sell-off of crypto assets, they added.

Bitfinex analysts also noted that market saturation could be a potential trigger for a crypto winter. As prices reach unsustainable levels, a natural correction is expected due to profit-taking and market saturation. Historical patterns show that significant corrections often follow initial bullish phases after halving events.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

How AI is Changing Creative Professions: Rights and Opportunities for Authors

chest

Discussion of the research findings on the impact of AI on creative professions and the potential of decentralized AI.

user avatarGiorgi Kostiuk

Robinhood Launches Staking for Ethereum and Solana on Its U.S. Platform

chest

Robinhood launches staking for Ethereum and Solana, making cryptocurrencies more accessible to retail investors.

user avatarGiorgi Kostiuk

Make Brand: Revolutionizing Early-Stage Brand Financing

chest

Make Brand is a decentralized crowdfunding platform on Solana offering a new approach to startup financing.

user avatarGiorgi Kostiuk

Investments in Bitcoin and Ether ETFs Reach Historic Records

chest

Investors in Bitcoin and Ether ETFs marked their second-largest daily inflows in history.

user avatarGiorgi Kostiuk

Puerto Rico: Open Doors for Cryptocurrency with Favorable Tax Regulations

chest

Puerto Rico emerges as a haven for crypto enthusiasts due to its tax laws, facilitating cryptocurrency business operations.

user avatarGiorgi Kostiuk

PEPESCAPE Launches $PESC Token Presale Amid Crypto Market Surge

chest

The presale of the $PESC token by PEPESCAPE has officially commenced, introducing a new DeFi platform on Ethereum.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.