Telegram's latest move has sparked interest in the crypto community as it takes direct control of the TON network. The messaging platform has become the largest validator of the blockchain, replacing the TON Foundation. This strategic shift positions TON as the exclusive blockchain for Telegram's vast ecosystem of mini-apps and AI agents.
The change follows a significant reduction in network fees, which have been lowered sixfold to approximately $0.0005 per transaction. This makes the TON blockchain more attractive for developers and users alike. The move is seen as a strategic step towards increasing the adoption and usability of the network.
As a result of Telegram's takeover, Toncoin has seen a surge in value, rising up to 28% in a single day. The total market capitalization of TON-based meme coins has exceeded $156 million. This development is closely watched by the broader crypto industry, which is keenly interested in how this balance between scale, usability, and decentralization will play out.