TON blockchain leads in transaction speed, with Toncoin surging over 20% in a day, reaching a market cap of $7 billion.
Pavel Durov, the founder of Telegram, has declared that The Open Network (TON) blockchain excels in transaction finalization speed, achieving this in under one second. This assertion comes from a comparison of major Layer 1 networks conducted in April 2026, excluding Layer-2 solutions and specialized trading blockchains.
According to Durov, TON's block finalization occurs in approximately 0.6 seconds, significantly faster than competitors such as Avalanche at one second, BNB at 1.125 seconds, and Ethereum, which takes about two epochs. Bitcoin requires nearly an hour for six confirmations.
Toncoin Surge
In a remarkable turn, Toncoin has surged by 20.7% in the last 24 hours and has more than doubled in value over the past week, trading around $2.6—its highest price since July 2025. The market capitalization of Toncoin has surpassed $7 billion, reinstating its position among the top 20 digital assets.
This surge follows the Catchain 2.0 update, which introduced nearly zero transaction fees, and Durov's announcement that Telegram would take a leading role as the primary developer and validator for the network.
Social media activity surrounding TON also spiked, with analysts noting 91 mentions in just four hours on May 5, indicating heightened interest.
“TON is up ~69% after Pavel Durov announced Telegram will replace the TON Foundation, become the largest validator, and cut fees ~6x,” reported Santiment Intelligence.
Interestingly, while centralized support from Telegram is viewed positively, the freezing of stolen funds from Arbitrum has led to trust issues elsewhere in the crypto market.
Market Trends
Other cryptocurrencies are also experiencing notable gains, with Zcash rising 70% since early May, reaching a price above $585 for the first time since November 2025. Dash has seen a nearly 60% increase, trading at $52.1.
Analysts from Santiment consider these developments as potential indicators of an upcoming altcoin season, particularly as Bitcoin's resurgence above $81,700 may be encouraging investment into previously dormant projects.
