Toncoin jumps 5% as TON blockchain upgrade cuts block time to 400ms, boosting speed and rewards.

Toncoin's price rose over 5% to about $1.30 following the deployment of Catchain 2.0, a major upgrade on the TON blockchain that reduced block creation time from 10 seconds to 400 milliseconds. This improvement enables near-instant transaction settlements and faster decentralized app performance. The upgrade is the first of seven planned phases, with the next aiming to slash transaction fees by six times. Increased block frequency will raise network inflation from 0.6% to 3.6% annually, while new partnerships and exchange listings, including Rakuten Wallet's upcoming TON spot trading, are expanding TON's market presence.