Toncoin Price History:
An Ultimate Guide on TON Price Changes
Time to read: 12 min
The future of Toncoin (TON) cryptocurrency looks bright — its own ecosystem with Web3 applications is growing rapidly, and its ties with Telegram are getting stronger each day. Toncoin started with a wallet, and now you can even pay with TON. Plans for the next year also look promising, including stablecoin tools and bridges between different blockchain networks.
It seems the project had a strong start, with the token rapidly reaching a leading spot in the cryptocurrency rankings. But was it really all smooth from the start? Today, we’ll explore the history of Toncoin’s rate, TON’s unique features, and promising plans for the future.
Toncoin (TON) Overview
TON Rate $6.81 Rate Change 24h +2.45% Rate Change 7d -2.28% Market Cap $17,128,166,517 Circulating Supply 2,516,647,231 Total Supply 5,109,808,841 Trading Volume $174,744,098 All-Time High (ATH) $8.24 All-Time Low (ATL) $0.3906
Technical Features of Toncoin (TON)
Toncoin is a cryptocurrency and blockchain built on the technology of Pavel Durov’s unreleased GRAM project. It is actively used in the Telegram messenger for various purposes. You can use the integrated TON wallet in Telegram to send tokens to other users or store them.
Currently, TON is a third-generation blockchain that supports new financial services and applications. The key services that make up this system include the following:
Toncoin Blockchain
TON Blockchain is a flexible, highly scalable platform with advanced smart contracts, micropayments, and other unique features like instant hypercube routing. This combination makes the blockchain fast, secure, and consistently stable.
P2P Network
TON P2P is a peer-to-peer network used to access the blockchain, update it, and propose transactions for confirmation. The network updates only the information relevant to the client and supports various distributed services.
Payments
TON Payments is a solution offering transparent and instant transactions with zero fees. The service is especially useful when regular transfers take too long (about 5 seconds) or when you make several transactions between the same users.
Storage
TON Storage is a decentralized file storage system that keeps data on user devices in a peer-to-peer network. Devices that provide storage space maintain the network and receive tokens as a reward. This makes it similar to a torrent network but with the opportunity to earn.
TON Proxy
TON Proxy is a tool that helps you hide your real IP address when using platform resources. This system was created by third-party developers and works on peer-to-peer network principles similar to those in the Tor network.
TON DHT
TON DHT, or Distributed Hash Table, plays a key role in the ecosystem. Its task is to find and store different values in a decentralized network. DHT is similar to a distributed torrent tracker and is used in Storage and Proxy services.
Services
TON Services is a platform for third-party developers, offering tools to display decentralized applications and smart contracts through an easy-to-use interface, much like how you view websites in a browser.
TON DNS
TON DNS, or Domain Name System, is a tool designed to offer easy-to-remember names for accounts, smart contracts, dApps, and network nodes in the TON ecosystem. It works like the usual DNS system on the Internet, allowing the use of human-readable names instead of long hashes or addresses.
Toncoin (TON) Use Cases
Toncoin was created based on Telegram’s vision to build a decentralized ecosystem with high transaction speed and scalability:
- Record speed of up to 1-2 million transactions per second in perspective;
- Very low transaction fees — less than $0.01;
- Almost instant transaction finality — only 2-3 seconds;
- High scalability and reliable network performance.
Today, Toncoin is used for network tasks, transactions, games, and collectibles on TON. It’s also suitable for making crypto payments, launching a decentralized application, and other uses that require high transaction speed and capacity.
Toncoin Price Chart
Toncoin (TON) Price History
Over the past year, the TON’s price has more than tripled. Currently, the circulating supply has reached 2,516,647,231 tokens, with a total market capitalization of $16.6 billion. This puts it in 9th place in the cryptocurrency rankings.
Let’s take a closer look at how the token price has changed from 2018 to 2024 to get a clearer picture of Toncoin’s trends and future prospects.
Toncoin (TON) in 2018
As mentioned earlier, Pavel Durov, the founder of Telegram, was initially behind the development of the TON coin. In 2018, he and his brother Nikolai Durov set out to launch their own blockchain-based platform for decentralized apps, aiming to address some of the monetization challenges of Telegram.
The native cryptocurrency for this project was intended to be the GRAM coin, which would be used to pay for apps and services, support creators, manage subscriptions, and more. The project captured significant public interest, securing $1.7 billion in investments, successfully conducting an ICO, and actively preparing for a major launch.
Toncoin (TON) in 2019
In 2019, the U.S. Securities and Exchange Commission (SEC) classified GRAM tokens as securities. This meant they had to be registered under securities laws to be issued legally. Ultimately, the SEC banned the network’s launch, and the start date was postponed.
Toncoin (TON) in 2020
After a tough fight with the U.S. regulator, the Durovs decided to shut down the project in May 2020. Telegram returned $1.2 billion, 70% of the invested funds, back to the investors and released the code to the public. Later, the work from the nearly completed project was handed over to the developer community.
Toncoin (TON) in 2021
- Open price: $0.4152
- Close price: $3.6898
The project has seen significant growth and development since 2021, led by an independent group of developers:
- 2021 Q2: Creation of a stable and completely secure blockchain with various services;
- 2021 Q3: Launch of the TON-ETH and TON-BSC bridge;
- 2021 Q4: Listing of TON on major exchanges like Coinbase, Binance, and Huobi;
- 2021 Q4: TON set a record by processing 55,000 transactions per second.
Toncoin (TON) in 2022
- Open price: $3.6862
- Close price: $2.1789
- Total supply: $53.7M
What was done in 2022:
- 2022 Q1: Launch of Developers Program, a tool for developers;
- 2022 Q2: Launch of Payments, a platform for accepting crypto payments;
- 2022 Q2: Launch of DNS;
- 2022 Q3: Launch of Sites, decentralized website hosting;
- 2022 Q3: Launch of Proxy;
- 2022 Q4: Launch of Storage.
Toncoin (TON) in 2023
- Open price: $2.1787
- Close price: $2.3100
- Total supply: $2.1B
What was done in 2023:
- 2023 Q1: Total market cap exceeded $5 billion;
- 2023 Q2: Launch of Toncoin Deflation Mechanism to maintain its value;
- 2023 Q3: Integration of TON Wallet into Telegram;
- 2023 Q3: Launch of TON Space, a Telegram-integrated self-custodial wallet.
Toncoin (TON) in 2024
- Open price: $2.3104
- Close price: $6.7330
- Total supply: $5.1B
Important upcoming updates in 2024:
- Launch of Stablecoin Toolkit;
- Release of Wallet 5.0;
- Launch of Jetton Bridge;
- Start of TON Teleport;
- Release of TON Browser.
Conclusion
TON stands out as a project with a remarkable history and significant impact. The developers are dedicated to transforming the traditional Internet by merging it with blockchain technology and providing users with an easy-to-use interface.
The team is consistently introducing new tools and expanding features while the community of users continues to grow. Everything seems in place for this promising project to succeed and for the coin to continue its upward trajectory.
FAQ
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The future of Toncoin (TON) cryptocurrency looks bright — its own ecosystem with Web3 applications is growing rapidly, and its ties with Telegram are getting stronger each day. Toncoin started with a wallet, and now you can even pay with TON. Plans for the next year also look promising, including stablecoin tools and bridges between different blockchain networks.
It seems the project had a strong start, with the token rapidly reaching a leading spot in the cryptocurrency rankings. But was it really all smooth from the start? Today, we’ll explore the history of Toncoin’s rate, TON’s unique features, and promising plans for the future.
Toncoin (TON) Overview
| TON Rate | $6.81 |
| Rate Change 24h | +2.45% |
| Rate Change 7d | -2.28% |
| Market Cap | $17,128,166,517 |
| Circulating Supply | 2,516,647,231 |
| Total Supply | 5,109,808,841 |
| Trading Volume | $174,744,098 |
| All-Time High (ATH) | $8.24 |
| All-Time Low (ATL) | $0.3906 |
Technical Features of Toncoin (TON)
Toncoin is a cryptocurrency and blockchain built on the technology of Pavel Durov’s unreleased GRAM project. It is actively used in the Telegram messenger for various purposes. You can use the integrated TON wallet in Telegram to send tokens to other users or store them.
Currently, TON is a third-generation blockchain that supports new financial services and applications. The key services that make up this system include the following:
Toncoin Blockchain
TON Blockchain is a flexible, highly scalable platform with advanced smart contracts, micropayments, and other unique features like instant hypercube routing. This combination makes the blockchain fast, secure, and consistently stable.
P2P Network
TON P2P is a peer-to-peer network used to access the blockchain, update it, and propose transactions for confirmation. The network updates only the information relevant to the client and supports various distributed services.
Payments
TON Payments is a solution offering transparent and instant transactions with zero fees. The service is especially useful when regular transfers take too long (about 5 seconds) or when you make several transactions between the same users.
Storage
TON Storage is a decentralized file storage system that keeps data on user devices in a peer-to-peer network. Devices that provide storage space maintain the network and receive tokens as a reward. This makes it similar to a torrent network but with the opportunity to earn.
TON Proxy
TON Proxy is a tool that helps you hide your real IP address when using platform resources. This system was created by third-party developers and works on peer-to-peer network principles similar to those in the Tor network.
TON DHT
TON DHT, or Distributed Hash Table, plays a key role in the ecosystem. Its task is to find and store different values in a decentralized network. DHT is similar to a distributed torrent tracker and is used in Storage and Proxy services.
Services
TON Services is a platform for third-party developers, offering tools to display decentralized applications and smart contracts through an easy-to-use interface, much like how you view websites in a browser.
TON DNS
TON DNS, or Domain Name System, is a tool designed to offer easy-to-remember names for accounts, smart contracts, dApps, and network nodes in the TON ecosystem. It works like the usual DNS system on the Internet, allowing the use of human-readable names instead of long hashes or addresses.
Toncoin (TON) Use Cases
Toncoin was created based on Telegram’s vision to build a decentralized ecosystem with high transaction speed and scalability:
- Record speed of up to 1-2 million transactions per second in perspective;
- Very low transaction fees — less than $0.01;
- Almost instant transaction finality — only 2-3 seconds;
- High scalability and reliable network performance.
Today, Toncoin is used for network tasks, transactions, games, and collectibles on TON. It’s also suitable for making crypto payments, launching a decentralized application, and other uses that require high transaction speed and capacity.
Toncoin Price Chart
Toncoin (TON) Price History
Over the past year, the TON’s price has more than tripled. Currently, the circulating supply has reached 2,516,647,231 tokens, with a total market capitalization of $16.6 billion. This puts it in 9th place in the cryptocurrency rankings.
Let’s take a closer look at how the token price has changed from 2018 to 2024 to get a clearer picture of Toncoin’s trends and future prospects.
Toncoin (TON) in 2018
As mentioned earlier, Pavel Durov, the founder of Telegram, was initially behind the development of the TON coin. In 2018, he and his brother Nikolai Durov set out to launch their own blockchain-based platform for decentralized apps, aiming to address some of the monetization challenges of Telegram.
The native cryptocurrency for this project was intended to be the GRAM coin, which would be used to pay for apps and services, support creators, manage subscriptions, and more. The project captured significant public interest, securing $1.7 billion in investments, successfully conducting an ICO, and actively preparing for a major launch.
Toncoin (TON) in 2019
In 2019, the U.S. Securities and Exchange Commission (SEC) classified GRAM tokens as securities. This meant they had to be registered under securities laws to be issued legally. Ultimately, the SEC banned the network’s launch, and the start date was postponed.
Toncoin (TON) in 2020
After a tough fight with the U.S. regulator, the Durovs decided to shut down the project in May 2020. Telegram returned $1.2 billion, 70% of the invested funds, back to the investors and released the code to the public. Later, the work from the nearly completed project was handed over to the developer community.
Toncoin (TON) in 2021
- Open price: $0.4152
- Close price: $3.6898
The project has seen significant growth and development since 2021, led by an independent group of developers:
- 2021 Q2: Creation of a stable and completely secure blockchain with various services;
- 2021 Q3: Launch of the TON-ETH and TON-BSC bridge;
- 2021 Q4: Listing of TON on major exchanges like Coinbase, Binance, and Huobi;
- 2021 Q4: TON set a record by processing 55,000 transactions per second.
Toncoin (TON) in 2022
- Open price: $3.6862
- Close price: $2.1789
- Total supply: $53.7M
What was done in 2022:
- 2022 Q1: Launch of Developers Program, a tool for developers;
- 2022 Q2: Launch of Payments, a platform for accepting crypto payments;
- 2022 Q2: Launch of DNS;
- 2022 Q3: Launch of Sites, decentralized website hosting;
- 2022 Q3: Launch of Proxy;
- 2022 Q4: Launch of Storage.
Toncoin (TON) in 2023
- Open price: $2.1787
- Close price: $2.3100
- Total supply: $2.1B
What was done in 2023:
- 2023 Q1: Total market cap exceeded $5 billion;
- 2023 Q2: Launch of Toncoin Deflation Mechanism to maintain its value;
- 2023 Q3: Integration of TON Wallet into Telegram;
- 2023 Q3: Launch of TON Space, a Telegram-integrated self-custodial wallet.
Toncoin (TON) in 2024
- Open price: $2.3104
- Close price: $6.7330
- Total supply: $5.1B
Important upcoming updates in 2024:
- Launch of Stablecoin Toolkit;
- Release of Wallet 5.0;
- Launch of Jetton Bridge;
- Start of TON Teleport;
- Release of TON Browser.
Conclusion
TON stands out as a project with a remarkable history and significant impact. The developers are dedicated to transforming the traditional Internet by merging it with blockchain technology and providing users with an easy-to-use interface.
The team is consistently introducing new tools and expanding features while the community of users continues to grow. Everything seems in place for this promising project to succeed and for the coin to continue its upward trajectory.
FAQ
Similar guides
What Is Toncoin (TON): A Step-by-Step Guide on TON
Darina Perepelitza
Toncoin Price Prediction: TON Price Forecast
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How to Buy Cryptocurrency for Beginners: An Ultimate Guide
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