Overview
- Toncoin jumped from roughly $1.3 to about $2.8–$2.9, following Monday’s pledge by Pavel Durov that Telegram would lead The Open Network.
- Telegram became the network’s largest validator and said it will replace the TON Foundation under a seven-step MTONGA plan.
- Fees were cut about sixfold to near zero and the recent Catchain 2.0 upgrade shortened block times to roughly 400 milliseconds.
- Staking deposits climbed, with about $191.83 million flowing in on a single day, the most in nearly four months.
- Trading heat intensified, with daily volume around $3.31 billion and futures open interest near $569 million, while the 14-day RSI near 88–90 flagged overbought conditions.