Telegram takes control of TON blockchain, boosting Toncoin 36% to a four-month high

Telegram founder Pavel Durov announced that Telegram will become the largest validator of The Open Network (TON) blockchain, reversing its 2020 exit from the project. This move led to a 36% surge in Toncoin's price and a 324% increase in trading volume. Telegram's direct involvement means lower transaction fees and stronger integration between the app and the blockchain, reducing previous uncertainties. Investors should watch for growth in daily active addresses, transactions, and developer activity as indicators of the network's progress.