The altcoin Toncoin (TON), which is backed by Telegram, has been losing value against Bitcoin for the past six months. The coin's price remains bearish and its short-term outlook is uncertain. Toncoin's ecosystem has experienced slow growth and an outflow of coins from investors. However, there is potential for bullish momentum in memecoins on the TON network. The TON ecosystem has a growing DeFi ecosystem with a total value locked of $272 million and a stablecoins market cap of $1.4 billion. The TON core developers have released a roadmap for the first half of 2025, aiming to stimulate DeFi growth and enable scalability.



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