Real-Time TON Price Overview
Toncoin (TON) is currently priced at $2.80**, with a 24-hour trading volume of **$51,039,664. Over the past day, the price has decreased by 3.27%, while the weekly change shows a decline of 1.04%. The current market capitalization of Toncoin stands at $6,911,826,183, supported by a circulating supply of 2,468,332,403 TON tokens. Toncoin is ranked #22 in the global cryptocurrency market.
Notably, the current price is 66.00% below its all-time high but remains 1,188.81% above its historical low.
All data and prices are updated in real time to provide accurate market insights.
What Is Toncoin (TON)?
Toncoin is the native cryptocurrency of The Open Network (TON), a decentralized layer-1 blockchain initially developed by Telegram. Designed for mass adoption, TON aims to offer ultra-fast transactions, low fees, a user-friendly interface, and environmental sustainability.
The TON project was first announced in 2018 by the Durov brothers, the founders of Telegram. However, it wasn’t until 2022 that TON evolved into a fully functional open network. The blockchain features a built-in TON Wallet, enabling users to store assets and execute quick, secure peer-to-peer transactions without intermediaries.
TON operates on a Proof-of-Stake (PoS) consensus mechanism. This allows TON holders to stake their coins, participate in block validation, operate validator nodes, and contribute to network security. The annual inflation rate for TON is currently set at 0.6%, which is used to reward validators and maintain network operations.
Use Cases of Toncoin
Toncoin serves multiple functions within the TON ecosystem:
- Transaction Fees: TON is used to pay for transaction processing on the network.
- Staking and Security: Users can stake TON to help secure the network, earn rewards, and gain voting rights.
- Governance: Token holders can participate in decision-making processes regarding network upgrades and changes.
- Smart Contracts: TON is used to pay commissions for executing smart contracts and on-chain transactions.
- dApp Services: It acts as a medium of exchange for services offered by decentralized applications on the platform.
- Network Development: TON can be used to fund the creation of new subnets and currencies within the ecosystem.
As the TON blockchain continues to evolve, additional use cases are expected to emerge.
Due to the inherent volatility of cryptocurrency markets, it is essential to monitor real-time price movements before making investment decisions. 👉 Explore real-time market tools
Recent Market Performance
TON's 24-hour trading volume of $51,039,664 reflects active market participation. Price fluctuations are influenced by broader market trends, investor sentiment, and technological developments within the TON ecosystem.
Frequently Asked Questions
What was the highest price ever reached by Toncoin?
Toncoin achieved its all-time high of $8.24 on June 15, 2024.
What was the lowest recorded price of Toncoin?
The all-time low for Toncoin was $0.2173, recorded on December 11, 2022.
How can users securely store Toncoin?
Hardware wallets are widely recommended for securing cryptocurrencies like TON. They provide offline storage, reducing the risk of online threats.
What factors influence Toncoin’s price volatility?
TON’s price is affected by market sentiment, adoption rates, technological updates, and overall trends in the cryptocurrency industry.
Can users earn rewards with Toncoin?
Yes, users can earn staking rewards by participating in network validation. This also contributes to the security and decentralization of the TON blockchain.
Is Toncoin environmentally friendly?
Due to its Proof-of-Stake mechanism, TON consumes significantly less energy compared to proof-of-work blockchains, making it a more sustainable option.
Final Thoughts
Toncoin represents an ambitious project aimed at combining scalability, security, and user-friendliness. While its price remains volatile, its underlying technology and growing ecosystem make it a noteworthy cryptocurrency. For those interested in the market, staying informed through real-time data is crucial. 👉 Access advanced market insights