$TON

TON (The Open Network) is a blockchain platform originally developed by Telegram, designed to provide fast, scalable, and secure decentralized applications (dApps) and services. TON aims to improve the blockchain space by offering high throughput, low fees, and efficient transactions. It features a multi-layered architecture and a consensus mechanism called Proof-of-Stake (PoS). TON Coin (TON) serves as the native cryptocurrency, facilitating transactions and powering the network's ecosystem. Initially faced with regulatory challenges, the TON project has evolved into a community-driven open-source initiative, gaining attention for its potential to support decentralized finance (DeFi) and other blockchain innovations.