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Toncoin saw a dramatic rise following an announcement by Pavel Durov, founder of Telegram, who declared that the messaging app would now spearhead the development of The Open Network (TON). Serving as its chief validator, this strategic move by Telegram ignited a significant lift in Toncoin’s market value.
How Will Telegram Drive TON Forward?
In a statement, Durov highlighted a substantial reduction in transaction fees on TON, nearly six times lower, thus nearing zero. He underscored that the next stages will focus on elevating the network’s technical performance. Central to this initiative, Telegram will introduce new tools and performance upgrades targeting rollouts within weeks.
Previously, the TON Foundation coordinated the network operations. However, Telegram’s recent investment of $2.88 million presents a major leap in its commitment, allowing it to take on roles in product development, technical system upgrades, and becoming one of the network’s validators.
“TON fees have fallen by around six times and are now almost negligible. We will leverage the Telegram community’s immense size to accelerate technical upgrades.”
What Impact Will Network Upgrades Have on Performance?
The transition in leadership has catalyzed a series of technical advancements, notably the Catchain 2.0 upgrade, released on April 9. This update significantly cut block production times to 400 milliseconds. Along with enhancements to Telegram Mini Apps and payment platforms, it marks a significant uplift in user interaction.
Additionally, a new fee structure was implemented. By May 1, the base transaction fee was reduced to a nominal 0.00039 TON. This substantial decrease is expected to enhance the framework for microtransactions and frequent use activities throughout the Telegram ecosystem.
Could This Affect Toncoin’s Trajectory?
Toncoin’s value is climbing, with a recent daily increase of about 7.5 percent. The token surpassed its 20-day moving average and approached its Bollinger Band’s upper limit. Key resistance ranges are between $1.47 and $1.50, and sustaining beyond this threshold could push it to $1.55 or $1.60, while $1.35 stands as a vital support level.
Technical momentum remains robust with the Relative Strength Index (RSI) at 66.8. A reading above 70 could suggest short-term overbought conditions.
The TON ecosystem’s user base is expanding rapidly. Wallets have grown from 2.9 million to over 32 million in the past year. Enhanced infrastructure, including the Streaming API v2, has made decentralized app response times comparable to traditional apps at 30–100 milliseconds.
Upcoming developments in the network’s roadmap include a crucial 2026 validator vote. Due to swifter block times from Catchain 2.0, inflation rates increased to 3.6 percent. Potential measures aim to balance token supply by reducing block rewards, considering significant cuts in main chain and mainnet rewards per block.
Investment circles suggest a sustained Toncoin price above $1.50 is critical for ongoing momentum, alongside maintaining $1.35 as a key support.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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