Pavel Durov, the creator of Telegram, revealed that The Open Network (TON) can complete transactions in just 0.6 seconds. This makes TON the fastest Layer 1 blockchain, significantly quicker than Bitcoin, which typically takes around an hour to confirm transactions.
These figures come after the TON network’s recent upgrade, which made transactions faster than one second. Telegram has also increased its control over the network by becoming a major validator.
🏁 TON leads Layer-1 blockchains in finality time.
Sources:
— Pavel Durov (@durov) May 6, 2026
TON Tops Layer 1 Finality Rankings
Pavel Durov shared a report comparing how long it takes different Layer 1 blockchains to confirm transactions. Surprisingly, the blockchains with the fastest confirmation times weren’t the most well-known or highly-ranked ones.
It typically took about an hour for a Bitcoin transaction to become secure against changes to the blockchain. This is because the standard practice was to wait for six new blocks to be added, and each block took approximately ten minutes to create.
TON is approximately 6,000 times faster than Bitcoin. This significant difference means Bitcoin isn’t practical for situations requiring instant transactions.
Cardano (ADA) experienced a full day of delays before transactions were finalized. While Cardano has consistently highlighted its rigorously reviewed proof-of-stake technology, recent data shows its transaction speeds were slower than those of all other major competing blockchains.
Compared to other blockchains, some performed much faster. Avalanche, BNB Smart Chain, and Sui all processed transactions in less than two seconds. Hedera, XRP Ledger, and Stellar were slightly slower, completing transactions in under five seconds.
Transaction speeds varied significantly across different cryptocurrencies. Solana (SOL) was the fastest, completing transactions in just 13 seconds. TRON (TRX) took around a minute, while Ethereum (ETH) averaged 13 minutes. Litecoin (LTC) took 15 minutes, and Monero (XMR) took 20 minutes. Bitcoin and Cardano were the slowest to process transactions.
Following the recent Catchain 2.0 upgrade to TON, blocks are now created approximately every 400 milliseconds, and transactions are confirmed in under one second – a milestone reached on April 10th.
Telegram’s Validator Role Reshapes the Network
Durov also revealed that Telegram is now the biggest validator for TON. They’ve invested approximately 2.2 million TON, which was worth around $2.9 million when they did so.
He described the role as a way to balance power against other major companies. This system allows large entities to participate in securing the network without risking it becoming too controlled by a few players.
The high returns from staking (around 20%) are causing more of TON’s supply to be locked up in the validation process. This means there’s less TON available for trading, which is decreasing how easily it can be bought and sold.
Some experts are concerned that Telegram could control up to 25% of the network’s validation process. This level of control raises issues about how decisions are made, even though the network is handling more and more transactions.
As a crypto investor, I’ve been watching Toncoin closely, and it really jumped after Pavel Durov announced the validator update. It seems like the market interpreted that as a strong signal that Telegram is truly committed to the Toncoin blockchain – the one built around their messaging app. It’s a positive sign for the project, and I think that’s why we saw the price increase.
The latest data gives Pavel Durov new evidence supporting the technical strengths of the TON network. However, its continued success relies on whether people actually start using applications built on it at a rate that matches its increasing speed.
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2026-05-07 10:31