Toncoin jumps 5% after Telegram CEO unveils major TON blockchain upgrade boosting speed and cutting fees.

Toncoin's price surged over 5% to $1.30 following Telegram founder Pavel Durov's announcement of the Catchain 2.0 upgrade on the TON blockchain. This upgrade increases block generation speed by six times and enables sub-second transaction confirmations, aiming to improve network performance and reduce transaction fees significantly. The upgrade is the first step in Durov's "Make TON Great Again" plan, with future phases targeting even lower fees and expanded ecosystem partnerships, including new market entries and institutional support. These improvements could enhance TON's competitiveness and user adoption in both retail and enterprise sectors.