The TON blockchain, built to support transactions and mini-apps within Telegram, is set to dramatically reduce fees within a week. Founder Pavel Durov stated transaction costs will drop to approximately $0.0005 and soon become entirely feeless for most users. This follows a recent network upgrade that slashed transaction finality time from around ten seconds to roughly one second.
Telegram founder Pavel Durov announced that transaction fees on the TON blockchain will be reduced sixfold within a week. The new fixed fee will be 0.00039 TON, or about $0.0005, per transaction regardless of network load.
Durov noted that most transactions are expected to become fully feeless shortly after this reduction. He stated, “Soon after most transactions go fully feeless. Zero commission. MTONGA!”
The TON blockchain, which handles transactions for Telegram’s ecosystem, recently implemented a major network upgrade. This change reduced transaction finality time from around ten seconds to approximately one second.
The update introduced a revised consensus mechanism called Catchain 2.0. This modification allows for blocks to be produced every 400 milliseconds, enabling faster confirmation times.
The shorter finality period means payments now settle in about one second. This upgrade also increases block generation, which raises validator rewards and is expected to increase TON’s annual inflation rate from roughly 0.6% to about 3.6%.
Earlier this year, the Kraken-owned platform xStocks expanded to the TON blockchain. This integration brought tokenized U.S. equities, including stocks from Tesla Inc. and NVIDIA Corporation, to the ecosystem.
The launch enabled TON-based wallets to support the buying, holding, and transferring of these tokenized assets. This move was facilitated through support for Telegram’s non-custodial Wallet within the app.
