TLDR
- Toncoin more than doubled in price from $1.37 to $2.80 after Telegram confirmed its expanded role in the network.
- Telegram became the largest validator on TON as part of Pavel Durov’s seven-step Make TON Great Again roadmap.
- The rally pushed Toncoin into the top 20 cryptocurrencies by market capitalization with a value near $7.5 billion.
- Toncoin recorded the strongest 24-hour gains among major crypto assets during the latest market session.
- Telegram announced it will replace the TON Foundation as the primary steward of the network.
- Durov stated that TON leads rival networks in finality time and plans to reduce transaction fees and block rates.
Toncoin surged past $2.80 after Pavel Durov advanced his seven-step Make TON Great Again roadmap. The token more than doubled from $1.37 overnight. Telegram also confirmed it became Toncoin’s largest validator.
Toncoin Price Jumps as Telegram Expands Role
Toncoin climbed sharply as markets reacted to Durov’s latest roadmap update. The price moved from $1.37 to $2.80 within hours, reflecting strong demand.
The rally pushed Toncoin into the top 20 crypto assets by market value. It now ranks 19th with a market capitalization near $7.5 billion.
Toncoin overtook Chainlink and Canton during the move. It also narrowed the gap with Monero as valuations adjusted.
Telegram confirmed it became the network’s largest validator. Durov said this step marks the third milestone in the MTONGA roadmap.
He stated that Telegram would replace the TON Foundation as primary steward. He said, “Telegram has become TON’s largest validator.”
Durov added that TON leads rivals in finality time. He also highlighted plans to reduce transaction fees and block rates.
The token recorded the highest 24-hour gains among major assets. Venice Token, Near Protocol, and MemeCore followed behind.
Market data showed rising trading volumes during the rally. The price held near $2.80 at press time.
Telegram Reclaims TON Network Stewardship
Telegram originally developed TON in 2018 under the name Telegram Open Network. However, regulatory action forced the company to halt the project.
The network later continued as The Open Network under independent community leadership. The TON Foundation assumed stewardship during that period.
The TON Foundation launched ecosystem initiatives to support network growth. These efforts included deeper Telegram integration and developer support programs.
It introduced the Open League incentive program to expand participation. It also built the TON Builders Portal to assist developers.
The foundation expanded TON into decentralized finance, payments, and NFTs. It also supported the growth of Telegram-based mini-app ecosystems.
Tap-to-earn mechanics drove early 2024 activity across TON applications. Notcoin pioneered the clicker model and drew mass participation.
Projects such as Hamster Kombat and Blum expanded the format. They developed virtual management games and exchange-based applications.
Durov said Telegram will now guide the next development phase. He confirmed the validator role aligns with the broader seven-step roadmap.
He stated that upcoming milestones include lower fees and faster block rates. Telegram’s validator status now stands as the most recent roadmap update.
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