Toncoin surges 36% as Telegram replaces TON Foundation and slashes fees
CoinDesk
Toncoin rallied 36% after Telegram announced it would replace the TON Foundation as the network's primary driver and significantly reduce transaction fees.Summary
Toncoin (TON) surged over 36% following an announcement by Telegram founder Pavel Durov that the messaging giant will replace the TON Foundation as the driving force behind the network. Telegram intends to become the ecosystem's largest validator, promising performance upgrades and new developer tools. Additionally, transaction fees have been reduced sixfold to near-zero, a strategic move designed to facilitate high-frequency, low-value retail transactions such as in-app games, tipping, and bot payments, bridging the gap between Telegram's vast user base and the blockchain's utility.
(Source：CoinDesk)