Toncoin (TON) Price

$3.21

Toncoin (TON) Price Today

The live price of Toncoin is $3.21 USD. In the past 24 hours, the trading volume of Toncoin was $191.1M USD, with a change of +3.36%. The current live price of Toncoin has changed by -12.73% from its 7-day high of $3.68 USD and by +8.08% from its 7-day low of $2.97 USD. With a circulating supply of $5,131,560,048.61 TON, the market cap of Toncoin is currently $7.9B USD, marking a +0.87% change in the last 24 hours. Toncoin currently ranks 17 by market capitalization.

Toncoin (TON) Market Data

Market Cap

$7.9B

24h Volume

$191.1M

Circulating Supply

5.1B TON

Maximum Supply

Fully Diluted Market Cap

$16.5B

Liquidity Indicator

2.41%

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About Toncoin (TON)

What Is Toncoin (TON) and How Does It Work?

Toncoin (TON) is the native utility token of The Open Network (TON), a high-performance, layer-1 blockchain originally conceived by the Telegram team and now stewarded by the non-profit TON Foundation. TON employs a modified Proof-of-Stake (PoS) consensus with Byzantine fault tolerance, where validators are selected based on the amount of TON they stake. Its architecture features a masterchain, multiple workchains, and dynamically splitting shardchains to achieve horizontal scalability and support millions of transactions per second.

Toncoin has a maximum supply of 5 billion tokens, distributed across validator rewards, governance reserves, and ecosystem development funds, and is used to pay for transaction fees, execute smart contracts, and participate in on-chain governance.

When you send TON, the network routes your transaction through its sharded chains using a hypercube routing protocol, ensuring low-latency, high-throughput processing. Gas fees are dynamically calculated in Toncoin based on computation, memory, and storage usage. To secure the network, holders can either run a validator node or delegate their TON to earn staking rewards, with yields varying according to total network participation.

Beyond payments, Toncoin powers a growing ecosystem of decentralized services, such as TON Storage for file hosting, TON Proxy for privacy-focused routing, and TON DNS for human-readable domains, and integrates seamlessly with Telegram’s in-app wallet for user-friendly crypto interactions.

How Does The Open Network (TON) Work?

The Open Network (TON) is a next-generation, layer-1 blockchain originally conceived by the Telegram team and now maintained by the independent TON Foundation. It’s designed to support a broad spectrum of decentralized use cases, digital payments, smart contracts, on-chain governance, storage, and privacy services, while prioritizing scalability and efficiency. TON employs a Byzantine Fault Tolerant PoS consensus in which validators are selected based on the amount of TON they stake. This design enables secure, energy-efficient block production and governance proposals, with TON tokens used to pay transaction fees, execute contracts, and participate in voting.

Under the hood, TON uses a hierarchical, multi-chain architecture to achieve horizontal scalability. At the top sits the masterchain, which holds the global configuration, active validator set, and final states of all subordinate chains. Beneath it are up to 2³² workchains, each able to define its own rules (though today only the base workchain is active). Each workchain can further split into 2⁶⁰ shardchains, partitioning state and transaction load across multiple shards. A hypercube routing protocol then directs messages and transactions across these shards, enabling the network to process millions of transactions per second with near-instant finality. This sharded topology, combined with dynamically adjusted gas fees based on computation, memory, and storage usage, allows TON to deliver high throughput and low latency for global-scale decentralized applications.

When Was Toncoin Launched?

The Open Network (TON) traces its roots to Telegram’s own blockchain initiative, first announced in 2018 by Telegram co-founders Pavel Durov and Nikolai Durov. Back then, it was called the “Telegram Open Network,” and Telegram raised roughly US$1.7 billion in a private Gram token sale to fund development. After the U.S. SEC halted the Gram issuance and Telegram agreed in June 2020 to return US$1.2 billion to investors (plus a US$18.5 million penalty), active development by Telegram ceased. Independent developers and the newly formed TON Foundation then took over, launching Testnet 2 in November 2019, minting the full 5 billion-token supply and allocating 1.45 % to early testers and developers.

In May 2021, the community-run Testnet 2 was promoted to mainnet, rebranded from “Gram” to Toncoin (TON), and the network opened for real-world use, marking the official launch of The Open Network as a fully decentralized layer-1 blockchain.

Since then, TON has followed a clear roadmap:

1. June 2022: Expanded validator set and strengthened network security.

2. March 2025: Release of v2025.03, delivering performance optimizations across the masterchain, workchains, and shardchains.

3. April 2025: Major TON v2025.04 update, launching TON Staking V2 for enhanced yields, the first RWA tokenized bond fund, and under-the-hood improvements to the TON Virtual Machine and storage engine.

Looking ahead, TON’s official roadmap outlines continued work on interoperability bridges (BTC, ETH), advanced sharding and multi-threading for million-TPS throughput, plus enhancements to TON Storage, TON Proxy, and TON DNS, further cementing TON’s mission to power Telegram’s billion-user ecosystem and a broad spectrum of Web3 applications.

What Are the Main Use Cases of Toncoin (TON)?

Toncoin’s core functions span both protocol-level operations and end-user services. It’s used to:

1. Pay network fees & fuel dApps: All transaction fees, gas for smart-contract execution, persistent storage payments (TON Storage), domain registrations (TON DNS), and proxy services (TON Proxy) are settled in TON.

2. Secure the network & govern: Holders stake TON, either by running validator nodes or via nominator pools, to earn rewards and participate in on-chain governance proposals.

3. Enable in-app payments & micropayments: Telegram’s Wallet (@wallet bot) and TON Connect protocol let users pay for services, dApp interactions, handle auctions, and premium subscriptions directly within chats, all with TON.

You can also trade TON on BingX’s spot market (e.g. TON/USDT), which offers deep liquidity, low fees, and advanced tools like grid trading and dual investment to help you optimize your entry and exit points.

How to Stake TON Tokens on The Open Network (TON) Blockchain

To stake Toncoin (TON) on The Open Network, follow these simple steps:

1. Set up a TON-compatible wallet: Choose and install a non-custodial TON wallet that supports staking, such as the official TON Wallet, MyTonWallet, or TonKeeper. Ensure you back up your seed phrase securely and that your wallet holds at least 1 TON plus a small buffer for gas fees.

2. Navigate to the staking (delegation) interface: In your wallet’s menu, select “Stake” or “Delegate”. You’ll see a list of validator or nominator pool addresses. These pools bundle smaller stakes together and simplify the staking process for users with any amount of TON.

3. Choose a validator or pool and enter your stake

i. Copy the pool/validator address and paste it into the recipient field in your wallet.

ii. Specify how many TON you want to stake. Remember: the network requires a minimum of 1 TON to participate.

iii. (Optional) Some wallets ask for a memo or comment; enter “Deposit” if required to signal a staking transaction.

4. Confirm and broadcast: Double-check the destination address, stake amount, and any memo. Then approve the transaction in your wallet. Your TON will be locked in the nominated pool, and you’ll begin earning staking rewards as soon as your delegation is confirmed on-chain.

5. Monitor and manage your stake: Use a TON block explorer (e.g., TonScan or TON Viewer) to verify your delegation status and track accrued rewards. When you wish to unstake, simply initiate a withdrawal transaction through the same wallet interface; unstaking usually takes several network epochs to complete.

If you prefer instant liquidity, consider a liquid-staking service like TONstakers or KTON, which issue transferable staking-derivative tokens in exchange for your locked TON. These platforms let you continue participating in DeFi while still earning staking yields (currently around 4–5% APY)

What Is Toncoin Tokenomics?

At genesis, Toncoin launched with a fixed supply of 5 billion TON, of which 1.45% (≈72.5 million TON) was allocated to the TON core team and early testers, and the remaining 98.55% (≈4.9275 billion TON) was distributed via a unique “giver” Proof-of-Work mining mechanism from July 2020 to June 2022, enabling a fair-launch model through community participation. As of May 2025, the circulating supply stands at roughly 2.48 billion TON, with all 5 billion tokens already minted at launch and no further genesis issuance.

Post-mining, Toncoin transitioned to a Proof-of-Stake model with a modest annual inflation rate of 0.6% (no hard cap on post-genesis issuance), which underwrites validator and delegator rewards. To counterbalance issuance and encourage long-term value capture, slashed stakes from misbehaving validators are burned, and the community votes to burn 50% of on-chain transaction fees, currently averaging 350-400 TON daily, reducing net circulating supply over time. These mechanisms together support network security, fund ecosystem development, and help align incentives across holders, stakers, and dApp builders.

How Fast Are Toncoin Transactions?

Toncoin transactions settle at near-instant speeds thanks to TON’s sharded architecture: in a November 2023 stress test, the network hit a peak of 104,715 TPS, and on a 256-validator testnet it recorded 108,409 TPS. Under its full multi-shard design, TON can theoretically scale to 1 million TPS, ensuring low-latency, high-throughput transfers even under heavy load

What Fees Are Involved in Toncoin Transactions?

Toncoin transactions incur network “gas” fees paid in TON, covering five components - StorageFees, InFwdFees, ComputationFees, ActionFees, and OutFwdFees, dynamically calculated per transaction based on its size and complexity. Today, a simple TON transfer costs around 0.0025 TON (≈$0.01), while more complex operations like smart-contract calls or token swaps can range up to 0.05 TON to account for higher computation and storage requirements. Wallets often recommend including a small buffer (e.g. 1 TON) to cover unexpected variations, automatically refunding any surplus post-execution, and 50% of collected fees are burned via governance to help reduce net supply over time.

What Wallets Support Toncoin?

Toncoin can be stored in a variety of purpose-built, non-custodial wallets that give you full control over your private keys. The most popular native TON options include Tonkeeper, MyTonWallet, Wallet.tg, and Tonhub, each offering seamless support for Toncoin, jettons, staking, and dApp integrations. You’ll also find multichain wallets such as Trust Wallet, Gem Wallet, Coin Wallet, and Atomic Wallet that support TON alongside a broad range of other assets, plus hardware-wallet compatibility via Ledger and SafePal for offline key storage.

If you prefer the convenience of custodial custody, leading centralized exchanges, including BingX, offer built-in TON wallets. On BingX, your TON spot wallet is instantly accessible via web or mobile, backed by institutional-grade security, insurance safeguards, and 24/7 support. Trading pairs like TON/USDT let you seamlessly move between storage and markets, while advanced features (grid trading, dual investment) help you optimize your position without ever leaving the platform.

What Makes Toncoin a Good Investment?

Toncoin’s robust architecture and deep Telegram integration set it apart as a layer-1 blockchain with real adoption potential. Its sharded, multi-chain design, comprising a masterchain, customizable workchains, and dynamically splitting shardchains, delivers sub-second finality and has demonstrated throughput of over 100,000 TPS in stress tests, with theoretical scaling up to one million TPS. Coupled with seamless in-app payments via Telegram’s built-in Wallet and the TON Connect protocol, reaching nearly a billion monthly users, Toncoin benefits from organic network effects and developer support, as evidenced by VC investments surpassing $400 million and rapid validator upgrades following recent protocol releases.

On the financial side, TON’s broad exchange listings (including BingX spot and derivatives markets) ensure deep liquidity and competitive spreads, while on-chain staking yields of 4-6 % APY reward long-term holders. Liquid-staking derivatives further enhance capital flexibility, letting users earn yield without locking up tokens indefinitely. That said, market volatility, regulatory shifts, and Layer-1 competition remain key risks, so maintaining prudent position sizing and staying abreast of network developments are essential for any investor.

How Is Toncoin Related to the Telegram Messaging App?

Toncoin’s origins and primary utility are deeply intertwined with Telegram. Initially conceived as the “Gram” token by Telegram’s founders, TON evolved into The Open Network after open-source continuation, but its core integration with Telegram remains intact. The Telegram Wallet, accessible via the @wallet bot, lets users send, receive, and manage Toncoin directly within chats, offering commission-free transfers and seamless on-ramp into crypto without leaving the messaging app.

Moreover, TON Connect has become the exclusive protocol for all third-party wallets and mini-apps on Telegram, making Toncoin the sole cryptocurrency natively supported for in-app payments, dApp interactions, handle auctions, ad purchases, and premium subscriptions. This partnership positions TON as the dedicated blockchain infrastructure behind Telegram’s mini-app ecosystem, now serving nearly a billion monthly users, and cements Toncoin as the primary medium of value and governance within the platform.

Information source

Official Website

Whitepaper

Toncoin (TON) Price Converter

TON to USD

1 TON = $ 3.21

TON to VND

1 TON = ₫ 83,865.79

TON to EUR

1 TON = € 2.81

TON to TWD

1 TON = NT$ 96.48

TON to IDR

1 TON = Rp 52,492.40

TON to PLN

1 TON = zł 12.00

TON to UZS

1 TON = so'm 41,061.48

TON to JPY

1 TON = ￥ 460.52

TON to RUB

1 TON = ₽ 254.10

TON to TRY

1 TON = ₺ 126.12

TON to THB

1 TON = ฿ 104.82

TON to UAH

1 TON = ₴ 133.81

TON to SAR

1 TON = ر.س 12.07

Toncoin Price Converter

How to Buy Toncoin (TON)

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By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.