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#DeFiLossesTop600MInApril
Telegram Becomes the Largest Validator, TON Ecosystem Turns Green
Telegram founder, Pavel Durov, officially announced Telegram's new role as the largest validator on the The Open Network (TON) network. This strategic move is claimed to not only strengthen decentralization but also trigger asset locking competition to pursue yields of over 20%+ APR. To accelerate adoption, Telegram also cut transaction fees by up to six times to support the efficiency of thousands of decentralized applications in its ecosystem.
This structural change has triggered a massive rally in several assets on the TON network over the past week. Based on the latest market data on Wednesday (5/6) early morning, UTYA tokens recorded the highest increase of 274.2%, followed by Resistance Dog (REDO), which surged 212.8%. Popular tokens DOGS also showed strong performance with a price growth of 90.1% over the past 7 days.
The network's main asset, Toncoin (TON), also appreciated by 39.1% as daily trading volume increased to over $472 million. The combination of increased validator security and transaction cost efficiency has become the main drivers of the overall green movement in the TON ecosystem. The increasingly close integration with Telegram reinforces TON's position as one of the most active blockchain networks today.