Toncoin Surges 36 Percent as Telegram Takes Over TON Ecosystem and Slashes Fees

Messaging app Telegram has announced it will replace the TON Foundation and directly take over management of the TON blockchain ecosystem, while significantly cutting onchain fees.

Following the announcement, Toncoin surged 36 percent in a single day. The market is repricing TON as a Telegram-led ecosystem rather than a foundation-independent blockchain.

This change may signal Telegram committing more resources to its native blockchain project. TON has a massive base of Telegram users as a potential onboarding channel, and market expectations for its future growth are rising.