Toncoin Overtakes Polygon After $500M Telegram Deal

In a move that shocked the L2 space, Telegram announced a $500 million integration deal with Toncoin $TON , choosing it over Polygon $MATIC and Arbitrum $ARB . Telegram’s upcoming “Web3 super-app” will use TON for payments, tipping, and NFT marketplaces. As a result, TON surged 35%, overtaking MATIC in market cap. Polygon co-founder Sandeep Nailwal criticized the move as “short-sighted,” but investors clearly disagree. This could mark a new era of mainstream crypto adoption through messaging platforms. If successful, TON could lead the charge in social finance (SoFi) adoption.