The Open Network processed 2,912,254 daily transactions in late June 2026, per TonStat’s on-chain indexer. Circulating Toncoin supply crossed 5,204,132,131 total tokens at a 1.373% annual inflation rate.
According to the TON Foundation, the native asset rebranded from Toncoin to Gram at a 1:1 display ratio after an 81.22% TON Vote referendum, a pure ticker change that left the underlying blockchain untouched. CoinGecko, Pantera Capital, and the SEC each supply pieces of the trajectory below. CoinLaw’s coverage of Telegram-adjacent chains shows this pattern: rebrands track distribution wins, not protocol pivots, and the data below is the cleanest read on which one TON is actually executing.
Key Takeaways
- Per the TON Foundation, approximately 0.4-second block time and approximately 0.6-second time to finality, with over 100,000 TPS verified in public testing.
- Live network counters track 3 million monthly active wallets, 2.8 million transactions in 24 hours, and 173.4 million smart contracts across the mainnet.
- Per TonStat, 55,322,294 on-chain activated wallets and 186,495,169 accounts now sit on the chain, a depth-vs-activity gap the inflation profile alone cannot explain.
- The validator set holds 402 active validators staking 630,547,245 TON across 33 countries per TonStat.
- GRAM traded at $1.55 per CoinGecko, with a market cap of approximately $4.19 billion and a 2.57 billion circulating supply as of June 25, 2026, a roughly 81% decline from the $8.25 all-time high set June 15, 2024.
- According to Pantera Capital’s blockchain letter, Telegram has 930 million monthly active users and adds almost 2.5 million users a day, with over 360 million users engaging with Mini Apps every month.
- Per the TON Foundation’s January 2025 announcement, Toncoin is the only cryptocurrency Telegram accepts for non-fiat payments across Stars, Premium, Ads and Gateway, reaching over 800 million active Telegram users.
Editor’s Choice
- Total Toncoin supply: 5,204,132,131 TON.
- Daily transactions: 2,912,254.
- On-chain activated wallets: 55,322,294, with 30,593 new wallets activated daily.
- Monthly active wallets: 4,738,537, against 102,856 daily actives.
- Toncoin in liquid staking: 110,667,811 TON.
- VC commitments: over $400 million of Toncoin purchased from early investors in March 2025, with named buyers including Sequoia Capital, Ribbit, Benchmark and SkyBridge.
- All-time high reference price: $8.25 set on June 15, 2024, two years to the day before the Gram rebrand went live.
TON Network Activity Statistics
- Block time published on the TON Foundation site: approximately 0.4 seconds.
- Time to finality: approximately 0.6 seconds.
- Public-test throughput ceiling: over 100,000 TPS.
- Peak mainnet wallet creation rate: over 700,000 new wallets per day during peak mainnet loads.
- Live 24-hour transaction counter: 2.8 million on ton.org.
- TonStat 24-hour transaction counter: 2,912,254.
- Smart contracts deployed on the network: 173.4 million.
- Monthly active wallets per the TON Foundation: 3 million.
- Accounts indexed by TonStat: 186,495,169.
| Metric | Value | Source |
|---|---|---|
| Block time | 0.4 seconds | TON Foundation |
| Time to finality | 0.6 seconds | TON Foundation |
| Public-test TPS | 100,000+ | TON Foundation |
| Peak wallet creation rate | 700,000+ per day | TON Foundation |
| Smart contracts | 173,400,000 | TON Foundation |
| Transactions (24h) | 2,912,254 | TonStat |
| Accounts | 186,495,169 | TonStat |
Source: TON Foundation and TonStat, June 27, 2026.
By the numbers: TonStat indexes 186,495,169 TON accounts, 55,322,294 activated wallets, and 2,912,254 daily transactions clearing at a 2,016 TON daily fee total. Sub-second finality is why Telegram chose TON as its exclusive payment rail.
TON Validators and Staking
| Validator Metric | Value | Source |
|---|---|---|
| Active validators | 402 | TonStat |
| Toncoin staked | 630,547,245 | TonStat |
| Toncoin in liquid staking | 110,667,811 | TonStat |
| Countries represented | 33 | TonStat |
| Daily wallet activations | 30,593 | TonStat |
| Annual inflation rate | 1.373% | TonStat |
Source: TonStat, June 27, 2026.
- Active validator count: 402, down 3 from the prior period.
- Total Toncoin staked across validators: 630,547,245 TON, a 0.08% decline.
- Liquid staking pool depth: 110,667,811 TON in liquid staking products.
- Validator geographic footprint: 33 countries.
- Daily wallet activation rate: 30,593 new wallets per day.
- Annual inflation rate: 1.373%, with 569,734 Toncoins minted daily and 1,008 burned daily.
Recent Developments
- 2026-06-27: TonStat’s live on-chain indexer logged 402 active validators, 630,547,245 TON staked, and 30,593 daily wallet activations in June 2026.
- 2026-06-25: Per CoinGecko, GRAM traded at $1.55 with a market cap of approximately $4.19 billion under the new ticker.
- 2026-06-15: Toncoin rebranded to Gram (GRAM) at a 1:1 display ratio following an 81.22% TON Vote referendum that opened June 1 and closed June 8.
- March 2025: TON Foundation confirmed over $400 million in Toncoin purchased from early investors by Sequoia Capital, Ribbit, Benchmark, SkyBridge and others.
- January 2025: TON Connect became the exclusive wallet-connect protocol for every Telegram Mini App using a blockchain following the expanded partnership announcement.
- Q3 2025: The Open Platform, the Telegram-native consumer-product holding company, reached a $1 billion valuation on over $70 million raised from Ribbit and Pantera.
Toncoin Supply and Tokenomics
- Total supply: 5,204,132,131 TON with no defined maximum cap.
- Circulating supply (CoinGecko aggregate, post-rebrand): approximately 2.57 billion TON.
- Circulating-to-total ratio: 50.0% of total supply is in circulation as of June 25, 2026.
- Daily mint: 569,734 TON paid as block subsidies to validators.
- Daily burn: 1,008 TON from network fees.
- Net daily issuance: 568,726 TON added to the circulating supply each day after burns.
- Daily fee total: 2,016 TON.
| Supply Metric | Value | Source |
|---|---|---|
| Total supply | 5,204,132,131 | TonStat |
| Circulating supply | 2,570,000,000 | CoinGecko |
| Daily mint | 569,734 | TonStat |
| Daily burn | 1,008 | TonStat |
| Daily fee total (TON) | 2,016 | TonStat |
| Annual inflation rate | 1.373% | TonStat |
Source: TonStat and CoinGecko, June 27, 2026.
Toncoin Market Performance
| Market Metric | Value | Source |
|---|---|---|
| Price (June 25, 2026) | $1.55 | CoinGecko |
| Market capitalization | $4,190,000,000 | CoinGecko |
| Circulating supply | 2,570,000,000 | CoinGecko |
| All-time high | $8.25 | CoinGecko |
| ATH date | June 15, 2024 | CoinGecko |
| Decline from ATH | 81% | CoinGecko |
| Market-cap rank (TON Foundation) | #21 | ton.org |
| 24h volume (TON Foundation) | $30,000,000 | ton.org |
Source: CoinGecko and TON Foundation, June 25, 2026.
- Spot price: $1.55 on June 25, 2026, under the rebranded GRAM ticker.
- Market capitalization: approximately $4.19 billion under the GRAM ticker.
- All-time high: $8.25 set on June 15, 2024.
- Drawdown from the all-time high: roughly 81% per CoinGecko market data.
- TON Foundation homepage shows market-cap rank of #21 on CoinMarketCap and $30 million in 24-hour volume.
- The published market cap aligns with the 2.57 billion circulating supply at a $1.55 spot price within standard rounding bands.
TON-Telegram Integration
- Active Telegram users with access to Toncoin payments: over 800 million.
- Telegram services where Toncoin is the only accepted non-fiat currency: Stars, Premium, Ads and Gateway.
- TON Connect status: The mandated exclusive wallet-connect protocol for Mini Apps that use a blockchain.
- Mini App developer payouts: Toncoin is the only currency for earned Telegram Stars and ad revenue paid to developers and channel owners.
- Pantera-cited Wallet in Telegram footprint: 15 million users and growing.
- Pantera-cited Fragment marketplace volume: Over $350 million in sales of custom usernames and virtual phone numbers.
Why it matters: Telegram codified TON’s payment moat in January 2025: every Mini App that uses a blockchain must integrate TON Connect, and Toncoin is the only non-fiat currency the platform accepts across Stars, Premium, Ads and Gateway. That structure routes Mini App monetization through a single chain by contract, not by preference.
Telegram Mini App Ecosystem on TON
- TON projects counted by Pantera Capital: more than 300.
- Mini App monthly engagement (Pantera): over 360 million users per month.
- Stickers sent across Telegram (Pantera): more than 730 billion.
- StormTrade daily volume: over $10 million in trading volume daily.
- Fragment sales volume to date: over $350 million in custom-username and virtual-phone-number sales.
- TON-ecosystem account growth window: from approximately 4 million to 128 million accounts in roughly one year between mid-2023 and mid-2024.
TON DeFi Total Value Locked
- TON DeFi TVL peak per STON.fi analysis: approximately $650 million by mid-2024.
- DEX trading volume during that window: between $15 million and $25 million daily across STON.fi, DeDust and smaller venues.
- TON dApp footprint by mid-2025: over 650 decentralized applications.
- Ecosystem tokens by mid-2025: more than 200.
| TON DeFi Snapshot | Value | Period | Source |
|---|---|---|---|
| Peak TVL | ~$650 million | mid-2024 | STON.fi |
| Daily DEX volume | $15-25 million | mid-2024 | STON.fi |
| dApps on TON | 650+ | mid-2025 | The Block |
| Ecosystem tokens | 200+ | mid-2025 | The Block |
| Toncoin in liquid staking | 110,667,811 TON | June 27, 2026 | TonStat |
Source: STON.fi, The Block and TonStat, mid-2024 through June 2026.
TON Foundation Investors and Capital
- March 2025 VC purchase total: over $400 million in Toncoin from early investors.
- Named VC buyers (March 2025 round): Sequoia Capital, Ribbit Capital, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage.
- Pantera Capital position: the largest investment in Pantera’s history (size undisclosed).
- Pantera Fund V target: approximately $1 billion with a first closing in Q1 2025.
- The Open Platform raise: over $70 million from Ribbit Capital, Pantera Capital and other backers.
- The Open Platform valuation: $1 billion in 2025.
Toncoin Regulatory History
- Original 2018 Gram token sale: approximately $1.7 billion raised for 2.9 billion tokens from Telegram’s TON pre-sale.
- SEC enforcement: the U.S. Securities and Exchange Commission filed in October 2019 alleging an unregistered securities offering.
- June 2020 settlement: Telegram returned more than $1.2 billion to investors.
- Civil penalty: $18.5 million paid to the SEC.
- Project revival: an independent developer community revived the chain as “The Open Network” in 2021 under the Switzerland-based TON Foundation.
Worth noting: The 2020 SEC settlement returned over $1.2 billion to investors and assessed an $18.5 million civil penalty against Telegram; an independent developer community subsequently revived the chain as The Open Network in 2021 under the Switzerland-based TON Foundation. The 2026 Gram rebrand therefore sits at the token layer, not the protocol layer that the SEC’s 2020 settlement closed against the original Telegram entity.
Per the EU’s MiCA framework, native-asset rebrands of an already-listed token are treated narrowly, which is why no regulator demanded a new prospectus for the ticker change despite the high-profile billing of the Telegram-led vote.
Mini App Hits: Notcoin, Catizen and Hamster Kombat
- Notcoin reach: over 30 million users per Pantera Capital.
- Notcoin Q4 2024 burst: acquired 35 million users in three months in late 2024 with peak daily active users above 6 million.
- Catizen daily active users: over 700,000 users play daily.
- Catizen lifetime users (Pantera): over 4 million users total.
- Catizen alternate reach (The Block): 20 million users in four months, with in-game transaction volume above $300 million.
- TON network account expansion attributable to Mini Apps: from approximately 4 million to 128 million accounts in roughly one year.
The Catizen NFTs collected during seasonal events seeded a secondary trading layer, which is part of why the broader market for branded NFT collections trended through 2024 even as floor prices on Ethereum collections compressed.
The Gram Rebrand: What Changed and What Did Not
- Effective date: June 15, 2026.
- Governance vehicle: TON Vote referendum opened June 1, 2026 and closed June 8, 2026.
- Voter approval: 81.22% in favor.
- Display change: a balance of 10 TON now displays as 10 GRAM at a 1:1 ratio.
- Contract changes: no new contract, no token swap, no bridge, no migration step.
- Brand provenance: the new name reverts to “Gram,” the label Telegram chose in its 2018 TON whitepaper.
- Rollout target: the ecosystem is targeting full consistency by June 22, 2026.
Methodology
The data spine draws on three primary surfaces. The TON Foundation’s public homepage counters at ton.org supply network throughput and live wallet figures (extraction date June 27, 2026). The TonStat on-chain indexer at tonstat.com supplies supply, wallet, validator, and fee data (extraction date June 27, 2026). CoinGecko’s GRAM market page supplies spot price, market cap, and circulating-supply figures (extraction date June 25, 2026).
Pantera Capital’s blockchain letter “TON, Our Largest Investment Ever” supplies primary-disclosed Telegram and Mini App user counts. SEC settlement language is sourced from the agency’s 2020 press release. Live network counters refresh continuously; figures here reflect the snapshot captured during research.
How many people use the TON blockchain?
The TON Foundation’s homepage reports 3 million monthly active wallets, while TonStat’s on-chain indexer counts 4,738,537 active wallets monthly and 102,856 active wallets daily. The two figures differ because each platform uses a slightly different definition of “active.” Pantera Capital separately notes over 800 million Telegram users have access to Toncoin payments via the exclusive integration, though access does not equal on-chain activity. The cleanest read is to treat TonStat’s daily-active number as the on-chain ceiling and the TON Foundation’s monthly figure as a deduped wallet count.
Why did Toncoin rebrand to Gram?
A TON Vote referendum opened June 1, 2026, and closed June 8, 2026, with 81.22% of votes in favor; the change went live on June 15, 2026, and the new name reverts to “Gram,” the label Telegram chose in its 2018 TON whitepaper. No new contract was deployed, no token swap occurred, and no bridge was required; balances of 10 TON simply display as 10 GRAM at a 1:1 ratio. The Open Network blockchain itself retains the TON abbreviation; only the asset ticker changed.
How does Toncoin compare to other large blockchain ecosystems?
TON’s combination of over 100,000 TPS in public testing and 402 active validators sits at a different design point than the largest layer-1 settlement venues, which typically clear hundreds of millions in daily volume on Ethereum or Solana rather than on a Telegram-bundled chain. The major exchanges that list TON also list assets with far deeper liquidity, yet TON’s exclusive integration with over 800 million Telegram users gives it a distribution surface no other layer-1 has matched.
Conclusion
Toncoin closed June 2026 with 5,204,132,131 tokens outstanding, 55,322,294 activated wallets, 2,912,254 daily transactions, and 402 validators across 33 countries. The asset traded at $1.55 for a market cap of approximately $4.19 billion as GRAM, roughly 81% below the June 2024 all-time high.
The exclusivity terms announced in January 2025 made Toncoin the only non-fiat currency Telegram accepts across Stars, Premium, Ads and Gateway, routing over 800 million users through a single chain by contract. CoinLaw’s coverage of distribution-first crypto plays shows the next twelve months for TON hinge less on price action than on how many of those 800 million Telegram users translate into the on-chain ceiling TonStat already tracks at the daily level. The Gram rebrand was a marketing reset; the validator decline and the 49% circulating-of-total ratio are the structural numbers worth watching.