ICYMI: $TON ran +115% this past week while most of the market stayed flat. Here’s the 30s breakdown, with 3 main reasons: ❶ @telegram Took Operational Control → May 4: @durov announced Telegram is now @ton_blockchain’s largest validator → Staked ~2.2M TON, funding additional validators → Replaces the TON Foundation as the network’s operational steward → “Make TON Great Again” (MTONGA) roadmap, with a renewed focus on blockchain distribution to 1B+ users - ❷ The ~400 ms Block Times + Sub-cent Fees ▸ Catchain 2.0 → Block times: ~2.5s → ~400ms → Throughput: ~10x increase → Finality: ~1 second ▸ Fee cut ~6x → Transaction cost: ~0.00039 TON → ~$0.0005 → Micropayments, tips, and mini-app loops become practical at scale - ❸ Staking & Ecosystem Momentum ▸ Staking APR pushed past 20% in some validator sets ▸ More TON locked → less circulating supply → potential supply shock ▸ New tooling and performance upgrades in ~2–3 weeks (per Durov) ▸ SCRYPT integration for stablecoin access (USDT on TON) → already live ▸ TON Teleport BTC bridge → targeted for later this year ▸ Ongoing mini-app and TON Connect expansion - TON now has three things L1s almost never get, plus massive distribution, but there are some concerns on my end "1B+ users" is a top-of-funnel number, not a TON-user number → TON wallet activations are still a small slice of Telegram's user base. → Mini-app DAU is the metric that matters. It hasn't increased significantly alongside the price. → Distribution access ≠ distribution conversion. So, what do you think? Are we about to see TON become the leading L1?

JUST IN: 🇺🇸 US Senate Banking Committee releases crypto Clarity Act draft bill.

Our protocol wasn't hacked. But our users were hurt. That's enough for us. CoW DAO is making affected users whole after the April 14 DNS hijack. Here's how. 🧵