$96,904.00
3.08%$1,848.53
4.76%$2.24
3.57%$604.01
1.10%$152.96
7.37%$0.999907
-0.00%$0.181183
6.43%$0.705176
4.17%$0.248587
1.80%$1,847.20
4.82%$3.75
9.78%$96,938.00
3.36%$14.92
5.80%$21.34
2.25%$0.278931
2.65%$8.96
-1.13%$0.00001361
4.25%$0.189706
4.88%$3.20
0.99%$2,212.12
4.81%$1.00
0.01%$371.65
2.47%$20.51
12.50%$87.46
5.47%$4.18
2.19%$1,850.37
4.80%$1.00
0.07%$4.40
1.70%$275.29
1.32%$1.001
0.10%$0.610845
6.47%$29.38
1.21%$1,968.99
4.65%$96,981.00
3.16%$0.00000886
2.56%$5.53
5.11%$371.83
6.56%$5.38
3.51%$2.57
5.44%$51.75
0.82%$1.05
0.05%$0.923606
2.58%$1.00
0.00%$177.48
11.22%$21.62
0.09%$4.94
2.00%$13.03
3.29%$16.99
2.53%$31.77
1.73%$0.742262
1.92%$0.090209
4.21%$0.095047
10.63%$4.62
7.44%$0.02719062
4.26%$0.999905
-0.08%$0.243237
4.89%$1.17
0.05%$0.759867
8.55%$96,888.00
3.49%$4.39
2.57%$0.225715
2.97%$0.339965
7.84%$2.81
2.38%$4.29
0.22%$0.554997
13.31%$2.76
3.23%$0.341854
5.92%$4.18
3.77%$0.00001975
6.30%$0.999846
0.21%$96,825.00
3.24%$1.073
2.64%$10.80
0.76%$0.469182
4.96%$0.842058
5.89%$1,525.63
4.67%$160.19
7.58%$1.26
10.18%$1.25
3.51%$0.739381
0.39%$0.077477
-0.52%$0.224397
6.60%$1.74
30.55%$0.01793956
1.29%$77.36
4.62%$1,847.53
4.67%$4.09
2.42%$0.604237
8.45%$1.00
0.02%$1,925.42
4.96%$0.683312
2.43%$10.50
11.41%$0.748584
12.18%$0.099978
5.20%$1.00
-0.02%$0.999905
0.01%$603.60
1.04%$0.0000894
2.03%$2,088.95
4.48%$2.96
9.52%$0.01724026
6.26%$0.645021
19.24%$1.00
0.01%$3,233.83
-2.33%$0.212035
4.84%$0.78784
2.00%$169.03
7.43%$0.859979
5.36%$3,237.61
-2.27%$96,874.00
3.14%$0.766815
4.73%$0.0173329
4.41%$38.36
2.01%$13.23
-0.16%$197.04
7.34%$96,532.00
2.78%$96,281.00
3.18%$0.303569
4.24%$3.98
3.76%$0.00000071
1.87%$0.01111294
3.92%$1,966.74
4.84%$0.11732
4.14%$0.067955
14.68%$2.09
2.95%$0.411881
4.23%$0.997975
0.03%$0.646507
9.71%$3.00
-4.11%$18.96
8.01%$0.998599
0.01%$0.247752
3.11%$1.88
6.05%$0.01804641
0.10%$0.319933
1.74%$1.11
-0.59%$1,933.46
4.77%$0.567007
4.04%$0.717803
21.44%$3.56
6.54%$35.49
-0.10%$0.152893
4.02%$0.574357
7.07%$0.00923775
5.83%$0.448171
9.97%$0.20765
10.80%$0.0055806
9.04%$0.654303
3.24%$17.94
6.09%$1.43
8.79%$0.999452
0.14%$96,909.00
3.17%$0.069032
-3.06%$0.999906
-0.01%$1,931.45
4.66%$95,658.00
0.00%$0.444199
3.38%$0.999907
-0.01%$94,607.00
5.47%$0.18099
6.37%$7.06
6.44%$0.148656
3.14%$0.00877547
22.91%$0.477373
-1.00%$96,893.00
3.34%$0.00002235
2.11%$6.22
4.16%$1.58
3.23%$0.541124
2.43%$1,848.55
4.70%$3.54
0.63%$110.88
0.01%$1.70
10.63%$0.242994
4.82%$0.00000042
1.20%$0.080936
2.51%$0.090496
6.69%$2.56
5.04%$1.005
0.40%$1.085
0.00%$0.04230114
3.69%$1,848.25
4.76%$1,967.53
4.74%$0.391425
6.39%$0.191656
3.21%$0.03800195
3.98%$1,850.42
4.84%$0.388001
1.45%$1.38
17.41%$40.58
0.58%$1.002
0.19%$32.71
4.07%$0.563369
3.45%$1,847.21
4.92%$21.62
0.44%$0.00416786
2.47%$0.133223
1.12%$0.01788714
1.76%$0.310268
19.17%$0.755888
12.11%$1,883.64
4.54%$0.00006176
3.29%$0.8064
1.88%$1.001
0.07%$1.00
-0.14%$0.713609
2.31%$1.00
0.06%$1.00
0.02%$0.00455879
3.10%$2.81
2.41%$96,671.00
2.98%$20.58
12.74%$0.72766
1.85%$0.00299627
12.60%$0.242989
4.12%$0.00000145
-1.36%$1,840.81
5.00%$0.211863
4.56%$113.26
2.43%$0.140272
0.48%$0.499209
-2.04%$23.40
0.81%$3.51
-0.25%$96,944.00
4.48%$0.999536
0.03%$0.275659
12.26%$0.999836
0.04%$1,956.91
5.34%$0.272283
2.44%$0.00265026
0.00%$3,222.08
-2.43%$2.86
2.65%$0.03147508
2.30%$0.531796
1.11%$0.03810419
2.11%$0.993111
7.68%$0.00350882
7.84%$1,947.20
3.15%$15.85
5.01%$0.00290997
3.66%$0.110518
3.72%$0.01314314
5.07%$3.08
12.55%$1.098
0.18%$21.35
2.08%$2,027.24
4.81%$0.73023
3.67%$0.00000063
8.17%Reading
Toncoin (TON) is enjoying another bullish moment as the price of the token surged 8.4% overnight.
At the time of this writing, TON is changing hands at $2.61, a level last seen in February 2022, as the latest price action also saw the asset’s market cap soar over $10.5 billion and briefly reclaim the 10th spot in the rankings at the expense of Dogecoin (DOGE).
TON, a blockchain system based on the proof-of-stakeproof-of-stake model, originated as Gram, a cryptocurrency created by the popular messaging app Telegram as the native token of the Telegram Open Network. However, due to a lawsuit from the SEC alleging that Telegram's $1.7 billion ICOICO in 2018 violated securities regulations, the project was abandoned.
Subsequently, the TON Foundation assumed control of the project, enabling users to make commission-free crypto transfers to fellow Telegram users. The Open Network also offers additional features, such as TON Storage and TON Proxy, which functions as a decentralized VPN service.
According to data from CoinGecko, TON is also up 24.5% over the week, and as much as 22% in the past 30 days.
The Open Network (TON) Blockchain’s native token TON surged 12.6% overnight, per CoinGecko data, after Telegram endorsed the blockchain platform as its choice for Web3 endeavours. Telegram’s Chief Investment Officer, John Hyman, along with the TON Blockchain team, announced that the TON Web3 wallet has been officially integrated with Telegram at the Token2049 conference in Singapore on Tuesday. The token’s price reached a three-month high of $1.97 after the announcement. TON was last trading at...
TON climbed to the top 10 in September on the back of news that TON Space, a self-custodial digital wallet, had launched on Telegram, allowing users to buy, sell, and trade cryptocurrencies directly via the messaging app.
The token's rally last week came after the TON Foundation announced it performed a live performance test of the TON blockchain “to achieve the highest transaction speed for a blockchain in the world,” claiming to bypass all Layer-1 blockchains and centralized payment networks such as PayPal, Visa, and Mastercard.
🚀 #TON is now officially the fastest #blockchain in the world, hitting 104,715 transactions per second! ⚡️
Validated and confirmed by @CertiK @CertiKCommunity ✅ pic.twitter.com/V8Q3RUAt5I
— TON 💎 (@ton_blockchain) October 31, 2023
According to the TON Foundation, which took over the project after it was abandoned by Telegram following an SEC ruling, the TON testnet was launched on 256 validators, achieving a speed of 104,715 transactions per second (TPS) under heavy load. The data generated by this test has also been verified by The Open Network’s security partner, Web3 smart contract auditor CertiK.
CertiK’s audit additionally showed the TON blockchain reaching an average of 78,134TPS.
The Open Network Foundation (TON Foundation) announced Wednesday that messaging app Telegram will add a self-custodial crypto wallet for the chat platform’s users, taking The Open Network (TON) closer to its spiritual roots. The TON Foundation said that a self-custodial digital wallet, TON Space, has launched on Telegram and is now available to the chat platform’s approximately 800 million users. In addition, the Foundation said that projects built on TON will get priority access to the messagin...
To put it into perspective, established cryptocurrencies like Bitcoin and Ethereum have faced persistent challenges related to transaction speed. Bitcoin’s transaction rate ranges from 5 to 7 TPS, while Ethereum performs slightly better at 15 TPS. Even Solana (SOL), which is often referred to as one of the fastest blockchains, has reportedly reached 50,000 TPS during testing, but is currently handling an average of 4,000 TPS.
Adding to the momentum, the Dubai International Financial Centre (DIFC) last week recognized TON, along with Ripple's XRP, for use within its special economic zone, allowing more than 4,000 financial institutions and companies to use these two digital assets for transactions and services.
In the most recent development, Telegram founder Pavel Durov earlier this week announced plans to give away 10,000 premium subscriptions to random subscribers to his channel. According to Durov, he purchased the subscriptions for $200,000 worth of Toncoin.
Edited by Liam Kelly. Updated on November 9 to reflect the origins and current stewardship of Toncoin.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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El Salvador may have reached a deal with the International Monetary Fund that will see the tiny country scale back its Bitcoin law—but it’s still going to “HODL.” And it might even step up its BTC buys. That’s according to Stacy Herbert, the head of El Salvador’s National Bitcoin Office, who wrote on X (formerly known as Twitter) Thursday that the country may even continue buying the cryptocurrency at an “accelerated pace” going forward. El Salvador in 2021 made Bitcoin legal tender along with...
