#TONRally

TON (The Open Network) is a decentralized layer 1 blockchain, originally developed by Telegram. Its cryptocurrency, Toncoin, is used for transactions within the Telegram ecosystem.

Currently, Toncoin is worth $3.46 USD, with a trading volume of $770M in the last 24 hours. Telegram has reported earnings of $1.3B in Toncoin and an increase in revenue to $525M in 2024.

However, in August 2024, Pavel Durov was arrested in France on charges related to criminal activities on Telegram, raising uncertainty about the future of the project