The TON network sees explosive growth in DEX activity, signaling potential bullish momentum for Toncoin's price.
Toncoin has tapped a key support zone, suggesting potential further price increases if historical trends repeat., a Layer 1 smart contract platform specialized in financial applications, has been showing an interesting trend in its blockchain activity.
Toncoin has seen a modest price increase, rising by 2.2% over the past week and was trading at $5.62 at press time. However, beyond its price movements, a CryptoQuant analyst recentlyAccording to the CryptoQuant analyst, the number of addresses and transactions on these DEXes have skyrocketed, demonstrating growing interest from investors.
Notably, the increased activity on TON’s DEXs suggests that the platform is gaining momentum as a hub for decentralized finance .
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