Toncoin's DeFi ecosystem, linked to Telegram, has experienced a significant spike in activity despite a general dip in the cryptocurrency market. In the past month, Toncoin's TVL rose over 60%, reaching an all-time high of $723 million on July 3. Only five of its 17 DeFi protocols saw a decline, with DeDust's TVL surging over 100%. Daily trading volume on its DEXes hit an all-time high of $97 million on July 5. However, TON's price fell to $7.25, trading below its 20-day EMA, indicating a bearish trend. Yet, a bullish shift could rally its price to $7.46.