Decline of Total Value Locked in TON's Main Decentralized Exchanges Continues After Durov's Arrest
In a recent development, Pavel Durov, co-founder of Telegram, was arrested in France on August 24, 2024, facing multiple criminal charges related to illegal content on the messaging platform. However, a thorough search of the available information reveals no direct impact of Durov's arrest on the Total Value Locked (TVL) of the DeDust and STON.fi decentralized exchanges (DEXs) on the TON blockchain.
The focus of search results and media reports has been primarily on Durov's arrest, legal case, and its implications on Telegram and related social media platforms. There is no mention of DeDust, STON.fi, the TON blockchain, or their TVL metrics.
Despite the arrest, no publicly disclosed or reported correlation or causal link exists between Durov's legal situation and the financial metrics, such as TVL, of DeDust or STON.fi DEXs. These two are decentralized financial platforms operating on TON, and their performance appears not to have been covered in connection with Durov's arrest.
However, the crypto market has been experiencing a bearish sentiment, which may have contributed to the decline in TVL for both DeDust and STON.fi. Furthermore, the price decline of Toncoin, the native cryptocurrency of the TON blockchain, has significantly affected the TVL of both STON.fi and DeDust.
As of August 21, 2025, the TVL of DeDust on the TON chain has decreased by over 68% since July 21, leaving it with $111 million worth of crypto in its deposits. Similarly, STON.fi's TVL has decreased by over 60% since July 31, leaving it with $139 million in its pools.
The decline in TVL for TON's DeFi network is a significant loss for the ecosystem. As of the current date, the entire TON DeFi ecosystem has lost over 40% this week. TON's DeFi network is currently the worst performer among the top 100 blockchains in DeFi.
On Saturday, STON.fi's TVL was $233 million, and DeDust held $210 million. Since Saturday, Toncoin has been the most deposited crypto asset in both STON.fi and DeDust.
While Durov is closely associated with the TON ecosystem, it is essential to note that the decline in TVL for TON's DeFi network may not be solely attributed to Durov's arrest. The ongoing bearish sentiment in the crypto market and the price decline of Toncoin could also be contributing factors.
In conclusion, although Pavel Durov's arrest has triggered a 20% drop in the price of Toncoin, as of the current date, there is no evidence from the search results or known public sources that his arrest has directly affected DeDust or STON.fi’s TVL on the TON chain.
News reports have shown no direct correlation between Pavel Durov's arrest and the TVL (Total Value Locked) of finance platforms DeDust and STON.fi, which operate on the technology-driven TON blockchain. Despite the decline in Toncoin's price, the crypto market's bearish sentiment, and potential indirect effects, there is no evidence linking Durov's legal situation to the TVL metrics of these decentralized exchange platforms.
