Gram (prev. Toncoin)

TON was started by Telegram in 2019 and run by the community after Telegram withdrew in 2020 following an SEC case. In 2026 development sped up: Catchain 2.0 went live on 9 April 2026 after a validator vote and raised the block rate about sixfold, and fees were cut about sixfold in May. In May 2026 Telegram replaced the TON Foundation as the main force behind the network and said it would become its largest validator; the size of its stake was not disclosed. This brings resources but concentrates decisions in one company. The coin was renamed from Toncoin to Gram on 15 June 2026 after a community vote with 81.22%.

• The Open Network (TON): An Institutional Research Note (CoinShares)
• Telegram takes back TON: Inside the 2026 takeover (crypto.news)
• Toncoin Renamed Gram After TON Community Vote Passes With 81.22% Support (CoinCentral)
• Telegram to Return $1.2 Billion to Investors and Pay $18.5 Million Penalty to Settle SEC Charges (SEC press release 2020-146)

TON Strategy Company, listed on Nasdaq as TONX, acquired about 217.5 million TON through a $558 million private placement in August 2025 and had staked over 99% of its roughly 221.9 million holding by Q1 2026, per CoinShares. CoinShares also published an institutional research note on the network in June 2026. The coin is on the National Bank of Kazakhstan's list of authorised digital assets. No ETF data was found in the facts. A large block of about 1.08 billion coins sits in frozen early-miner wallets.

• The Open Network (TON): An Institutional Research Note (CoinShares)
• List of authorized unsecured digital assets (National Bank of Kazakhstan)

Gram has no maximum supply; CoinGecko showed about 5.256 billion total and 2.814 billion circulating on 27 September 2026. Block rewards stayed at 1.7 and 1 GRAM per block, but blocks now come about six times faster, so gross issuance rose from about 0.7% to about 4% of supply a year, by our estimate from on-chain data; half of fees are burned, but fees were also cut. A proposal to cut rewards had not taken effect on-chain. Staking yields rose to about 16.7% in April 2026, per CoinShares. About 1.08 billion coins in 171 inactive early-miner wallets, over a third of circulating supply, are frozen only until 21 February 2027.

• Gram (prev. Toncoin): CoinGecko API
• TON Center API v2: getConfigParam 14
• TON Center API v3: masterchain info
• The Open Network (TON): An Institutional Research Note (CoinShares)

About $735 million of dollar stablecoins, mostly USDT, circulated on TON on 27 September 2026. DeFi has shrunk: DefiLlama showed about $57.5 million of TVL, down from about $740 million in July 2024. CoinShares counted about 1.78 million monthly active wallets in May 2026, against about 1 billion Telegram users. Staking is spread out: about 647.5 million GRAM was staked with validators, and the largest validator address held about 0.46% of the stake, though one operator can run several validators.

• DefiLlama Stablecoins: chains
• DefiLlama: TON chain
• tonapi: current validators