Telegram is stepping in as the main operator of The Open Network (TON), replacing the TON Foundation and becoming its largest validator. The move, announced by Telegram CEO Pavel Durov, sent Toncoin soaring 33% to an intraday high of $1.90. At the time of reporting, the token traded at $1.80, a 26% daily gain.
What the change means for the network
The shift puts Telegram in direct control of the TON blockchain's direction and security. As the largest validator, Telegram will now have a leading role in processing transactions and maintaining consensus. The TON Foundation, which previously oversaw development and governance, will step back from that responsibility. Durov's announcement signals a tighter integration between the messaging platform and the blockchain it originally launched in 2018 before facing regulatory pressure.
Market reaction to Telegram's deeper involvement
Investors cheered the news, pushing Toncoin's price up sharply. The 33% surge to $1.90 marked the token's highest level in weeks. The rally has extended into the current session, with Toncoin holding most of its gains near $1.80. Traders appear to view Telegram's direct stewardship as a bullish sign for the network's long-term viability and adoption.
Telegram hasn't outlined specific changes to the network's roadmap or technical upgrades. But with the messaging giant now in the validator seat, the TON ecosystem is likely to see faster integration with Telegram's features, such as payments, bots, and channels. The transition from the TON Foundation to Telegram is expected to be gradual, but no formal timeline has been released.
