Durov Claims TON Leads L1 Networks in Transaction Finalization Speed

TON blockchain leads in transaction finalization speed, achieving this in less than one second.

The Open Network (TON) blockchain leads in transaction finalization speed, achieving this in less than one second, according to Telegram founder Pavel Durov.

The comparison was conducted in April 2026 among leading L1 networks ranked by CoinMarketCap. Second-layer solutions and specialized trading blockchains like HyperEVM by Hyperliquid were not included in the sample.

Finalizing a block in TON takes approximately 0.6 seconds. For Avalanche, it is about one second, BNB takes roughly 1.125 seconds. Hedera requires 2-3 seconds, XRP Ledger 3-5 seconds, Ethereum about two epochs, and Bitcoin nearly six confirmations (approximately one hour).

TON Rally

In the past 24 hours, Toncoin has risen by 20.7%, and over the week, it has increased by more than 102%.

At the time of writing, the asset is trading around $2.6 — the highest level since July 2025.

The coin’s market capitalization exceeded $7 billion, bringing TON back into the top 20 largest digital assets.

The rise of Toncoin was supported by news from The Open Network ecosystem. In April, developers activated the Catchain 2.0 update, which reduced fees “almost to zero.” Later, Durov announced that Telegram would become the main developer and largest validator of the network.

Santiment analysts recorded that on May 5, TON was mentioned 91 times on social media in four hours — about six times more than usual. This level of activity persisted for several hours.

TON is up ~69% after Pavel Durov announced Telegram will replace the TON Foundation, become the largest validator, and cut fees ~6x (Santiment MCP + Claude):
📈 Price: $1.30 (May 3) → $2.20 (now).
📊 Social mentions hit 91 in a single 4h window on May 5 — roughly 6x baseline,… pic.twitter.com/R3Ul3GLWcb

— Santiment Intelligence (@SantimentData) May 6, 2026

According to them, the asset attracted attention amid the reorganization. Experts pointed out a contradiction: the freezing of Arbitrum stolen funds from Kelp caused a trust crisis, while the centralized support of TON by Telegram was perceived by the market as a positive signal.

“Same model, opposite reaction. Is context more important than ideology?” wrote Santiment.

Altseason?

The rapid growth is also shown by the anonymous cryptocurrency Zcash — since the beginning of May, the asset has risen by 70%. On May 6, the coin’s price rose above $585 for the first time since November 2025.

At the time of writing, ZEC is trading around $565 (-1% for the day).

Last week, another private token — Dash — showed similar dynamics: quotes rose by almost 60% to $52.1.

Besides them, Internet Computer, Cardano, Sui, Ondo, and Hyperliquid have also grown significantly. Santiment called the developments “mild whispers of the start of altseason.”

🤑 Some mild whispers of #altseason are beginning to emerge as altcoins like $TON, $ICP, $ADA, $SUI, $ONDO, and $HYPE have had nice starts to the week.

🔗 Bitcoin’s own emergence above $81.7K has allowed profits to begin trickling into long-dormant projects. Our screener is here… pic.twitter.com/ULvoWe5tiG

— Santiment Intelligence (@SantimentData) May 6, 2026

Earlier in May, an analyst under the pseudonym Darkfost also noted signs of stabilization in the altcoin sector. Meanwhile, BitMEX co-founder Arthur Hayes predicted the collapse of most coins.