by TON Foundation
Quick Fact
Though development was halted by the SEC in 2020, TON rebounded under community stewardship and launched mainnet in 2021. It now processes over 1.2 million daily transactions, boasts 349 validators across 25+ countries, and supports millions of Telegram users via built-in wallets, messaging bots, stablecoins, and DeFi tools.
TON was designed from inception for scale, speed, and utility. After regulatory setbacks, the chain was handed off to the independent TON Foundation, which preserved the multi‑chain architecture and launched a fully decentralized ecosystem. TON is no longer a corporate project—it’s a community-driven Layer 1, blending decentralization with Telegram-native UX.
TON is best understood as an entire network of blockchains designed for horizontal scalability and seamless messaging:
Masterchain configures network parameters and security.
Workchains operate with independent state and VM logic.
Dynamic shardchains branch and merge based on workload.
This architecture supports theoretically millions of TPS and ensures nearly instant finality, while retaining the ability to host smart contracts via its Ton Virtual Machine (TVM) and languages like FunC, Fift, and Tact.
TON uses a specialized Proof-of-Stake (BPoS) consensus, combining validator stake with Byzantine fault tolerance. The network self-heals, adapts shards in real-time, and supports over 300 independent validators globally, ensuring decentralization and performance.
The ecosystem includes:
Toncoin (TON): Native token for gas, staking, governance, and services.
Mini Apps and Telegram integration: Millions interact via in-chat wallets and bots.
Domain, storage, and proxy layers: .ton domains, decentralized file hosting, and privacy routing.
DeFi primitives: Including AMMs, liquid staking, stablecoins, micropayment channels, and cross-rollup atomic swaps.
TON serves as the Web3 backbone of Telegram, enabling:
Peer-to-peer transfers directly inside chats.
Mini Apps reaching hundreds of millions monthly.
Native stablecoins like USDT for instant payments.
Content, tipping, and commerce without leaving the app.
Beyond Telegram, TON hosts NFT platforms, gaming apps, and micropayment networks—tapping into a user base of over 6 million active wallets and 100 million+ Toncoin holders.
TON is not monolithic—it bridges and federates across blockchains:
Multi-shard messaging ensures native cross-chain calls.
Wrapped assets and bridges connect to Ethereum and other EVM ecosystems.
Atomic swap infrastructure enables trustless, direct swaps with Bitcoin and UTXO chains.
Built-in storage and proxy layers give TON the flexibility and autonomy to run apps completely on-chain.