TON blockchain speeds up 10x and aims to cut fees, competing with Solana and BNB Chain.

The TON blockchain has upgraded its speed by 10 times and plans to reduce transaction fees by six times as part of its Make TON Great Again (MTONGA) framework. This upgrade makes TON's transactions almost instant and places it among the fastest blockchains, rivaling Solana and BNB Chain. Currently, TON's transaction fees are slightly higher than Solana's, but the planned fee cuts could make TON significantly cheaper, boosting its competitiveness especially for stablecoin transfers. Despite recent declines in activity and liquidity due to broader market trends, these improvements aim to attract more users and increase TON's market share in the blockchain space.