​ TON Foundation Pumps $24 Million into Fueling DeFi on Telegram-Linked Network The initiative will reward liquidity providers on two of TON's biggest DeFi protocols as the Telegram-aligned network attempts to attract traders. The organization that supports The Open Network, Telegram’s blockchain of choice, announced on Friday that it has contributed another $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program’s total value to over $75 million to date. The TON Foundation originally created the program in April to encourage users to engage with decentralized finance (DeFi) applications on TON—a network that has become prominently known for popular crypto-backed games on Telegram and corresponding airdrops. At launch, the program featured 11 million Toncoin in incentives, a sum currently worth nearly $53 million. The additional 5 million Toncoin added today has been specifically earmarked to reward liquidity providers in pools on STON.fi and DeDust, two of the largest automated market maker (AMM) DeFi protocols running on TON.