The Open Network (TON) blockchain is leading in transaction finalization speed, taking less than one second. This was stated by Telegram founder Pavel Durov.
The comparison was made in April 2026 among the top L1 networks according to CoinMarketCap. Layer-2 solutions and specialized trading blockchains like HyperEVM from Hyperliquid were not included in the analysis.
Block finalization in TON takes about 0.6 seconds. In comparison, Avalanche takes about one second, BNB approximately 1.125 seconds, Hedera requires 2-3 seconds, XRP Ledger takes 3-5 seconds, Ethereum takes about two epochs, and Bitcoin needs nearly six confirmations (around one hour).
TON Rally
In the last 24 hours, Toncoin has surged by 20.7%, and over the past week, it has increased by more than 102%.
At the time of writing, the asset is trading around $2.6, marking its highest level since July 2025.
Coin capitalization has surpassed $7 billion, placing TON back in the top 20 largest digital assets.
The rise of Toncoin has been supported by news from The Open Network ecosystem. In April, developers activated the Catchain 2.0 update, which reduced fees to “almost zero.” Later, Durov announced that Telegram would become the main developer and largest validator of the network.
Santiment analysts noted that on May 5, TON was mentioned 91 times on social media within four hours—about six times more than usual. This level of activity persisted for several hours.
TON is up ~69% after Pavel Durov announced Telegram will replace the TON Foundation, become the largest validator, and cut fees ~6x (Santiment MCP + Claude):
— Santiment Intelligence (@SantimentData) May 6, 2026
📈 Price: $1.30 (May 3) → $2.20 (now).
📊 Social mentions hit 91 in a single 4h window on May 5 — roughly 6x baseline,… pic.twitter.com/R3Ul3GLWcb
According to them, the asset gained attention amid the reorganization. Experts pointed out a contradiction: the freezing of Arbitrum funds stolen from Kelp caused a crisis of trust, while centralized support for TON from Telegram was perceived as a positive signal.
“The same model, opposite reaction. Is context more important than ideology?” — wrote Santiment.
Altseason?
Rapid growth is also seen in the anonymous cryptocurrency Zcash, which has increased by 70% since the beginning of May. On May 6, the coin's price rose above $585 for the first time since November 2025.
At the time of writing, ZEC is trading around $565 (-1% in 24 hours).
Last week, another private token, Dash, also showed similar dynamics, with prices rising nearly 60% to $52.1.
Additionally, Internet Computer, Cardano, Sui, Ondo, and Hyperliquid have also seen significant increases. Santiment referred to these developments as “subtle hints of an impending altseason.”
🤑 Some mild whispers of #altseason are beginning to emerge as altcoins like $TON, $ICP, $ADA, $SUI, $ONDO, and $HYPE have had nice starts to the week.
— Santiment Intelligence (@SantimentData) May 6, 2026
🔗 Bitcoin’s own emergence above $81.7K has allowed profits to begin trickling into long-dormant projects. Our screener is here… pic.twitter.com/ULvoWe5tiG
It’s worth noting that in May, analyst Darkfost also pointed out signs of stabilization in the altcoin sector. Meanwhile, BitMEX co-founder Arthur Hayes predicted the collapse of most coins.