The Rise of TON Blockchain: Telegram Journey from Controversy to Crypto Success

Starting from a halted ICO in 2018, Telegram crypto network TON is now a decentralized powerhouse. Today, TON has reached mainstream adoption with in-app payments, play-to-earn games, and a massive user base.

The TON blockchain, initially known as “Telegram Open Network,” has seen a meteoric rise from controversy to success. Telegram’s foray into the crypto sector began in 2017, when founders Pavel and Nikolai Durov sought to integrate blockchain into their platform. By 2018, they had launched an ICO for the GRAM token, planning to leverage funds to enhance platform infrastructure. However, a 2020 SEC injunction ended the ICO, with Telegram paying an $18.5 million fine and returning $1.7 billion to investors.

Despite this setback, TON found a new life as an open-source project, now decentralized and managed by the community under the rebranded token, Toncoin. Telegram’s network offers high-speed scalability, dynamic sharding, and the Catchain Consensus for reliability, proving itself capable of supporting a massive user load within Telegram.

The TON blockchain reached significant milestones in 2024, drawing global attention. Telegram’s decision to share ad revenue with channel owners through TON payments brought the token to the forefront. Furthermore, popular games like Notcoin and Hamster Kombat have driven extensive user engagement, breaking records for blockchain traffic and driving TON to the top 20 chains by Total Value Locked (TVL).

With its rapid growth and continuous innovation, TON is emerging as one of the most promising blockchain ecosystems, with the potential for widespread adoption.

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