The TON ecosystem has been experiencing extreme growth since the beginning of this year. The project has set a new record surpassing $300 million in TVL, a sign of high activity on the network.
Meanwhile, the number of users on the Arbitrum and KangaMoon ecosystem is on the rise. While 10,000 new users joined the Arbitrum network, KangaMoon now boasts over 32,000 users, making them the best DeFi projects in the market.
Contents
KangaMoon (KANG) Aiming To Onboard 40K Users Before Launch
KangaMoon (KANG) has been gaining momentum in the market after its practice exploded on the charts. Although it is a memecoin, it is different. It adds the Play-to-Earn (P2E) and Social-Fi model to its features, making it a memecoin with utility.
The price of the memecoin has gone up by 400% from $0.005 to $0.025. On top of that, KangaMoon is riding well with over 32,000 users. Also, it has raised almost 7.5 million from its presale to date. Analysts are projecting a figure of $8 million before the end of the month, further showing massive demand among investors.
The potential of the project, its token utility, and its great performance in the presale make it stand out above other memecoins. The memecoin has a circulating supply of just 1 billion KANG tokens. Also, it is the native token of an upcoming P2E Game. In this gaming community, KANG holders have access to different games and challenges where they can have an exciting experience and win rewards.
This is one feature that makes KangaMoon a top DeFi project to join. In addition to the rewards, KangaMoon is planning something big for its community this year. It wants to launch a metaverse world and an NFT marketplace where players can buy NFTs and other collectibles.
Toncoin (TON) TVL Crosses $300 Million
The Toncoin (TON) blockchain has managed to pass above $300 million in TVL. This is a staggering 10x-plus growth in value since early March and puts TON as a top DeFi project. It also makes Toncoin a good cryptocurrency to buy, given the price of Toncoin has increased by 180% YTD.
The reasons for this colossal increase in TVL are named as different DEX participants involved in DeFi spaces, with projects like ston.fi and dedust, and, certainly, liquid staking ones like Tonstakers or Bemo, among them, which attract users and lock value within the TON blockchain ecosystem.
10,000 New Users Join Arbitrum (ARB), Price Surge
Data from Santiment shows that about 10,000 new users joined the Arbitrum (ARB) network between May 20th and 25th. These new users could increase the demand for ARB tokens soon. Meanwhile, Arbitrum has been trying to move up above the overhead resistance at $1.27 for the past few days, but the bears have other ideas.
The only minor positive for the bulls is that they have not allowed the price to slip below the 20-day EMA, which increases the probability of a breakout. If that transpires, it may help the Arbitrum price pick up some momentum and thrust to $1.60 and ultimately to $1.75.
Conclusion
As the best DeFi projects in the market, more users are expected to join KangaMoon and Arbitrum in the coming weeks. Also, TON’s TVL will continue to increase as more projects join the network. In other news, KangaMoon will be listed on BitMart soon. Analysts have predicted a 50x price surge to follow this listing. This makes KangaMoon a good cryptocurrency to buy for gains.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.