On December 27th, according to the DWF Ventures data panel, TON hit a record high of $740 million in TVL in July this year, and is currently around $248 million. TON's growth is due to the explosion of mini applications and USDT native support, of which USDT supply has exceeded $1.43 billion, accounting for 25% of DEX trading volume. Daily active users are stable at around 1 million, and DeFi and memecoins trading activity continues to grow.