Toncoin TVL falls, but staking activity surges – Is investor behavior shifting? – BitRss

• TON’s TVL has declined in recent months, possibly reflecting reduced network activity.
• TON’s netflows revealed a significant spike in aggregated exchange inflows around mid-February 2025.

The Toncoin [TON] blockchain has witnessed a decline in Total Value Locked (TVL) over recent months. Despite this, there has been a notable surge in staking participation, highlighting a shift in investor behavior.

Understanding the decline

AMBCrypto’s analysis of TON’s TVL from mid-2024 to early 2025 illustrated a significant drop. This decline could signal a slowdown in network activity or a withdrawal from decentralized finance (DeFi) protocols.