Telegram founder Pavel Durov shared data showing The Open Network (TON) finalizes transactions in 0.6 seconds. That places TON first among Layer 1 blockchains, far ahead of Bitcoin (BTC), which takes about an hour to settle.
The numbers arrive weeks after TON’s mainnet upgrade dropped finality below one second. Telegram has also tightened its operational grip on the chain through a record validator stake.
TON Tops Layer 1 Finality Rankings
Durov circulated a report that ranked Layer 1 blockchains by finalization time. The standout numbers came from the bottom of the chart, not the top.
Bitcoin needed roughly one hour to harden a transaction against reorganization. The figure stems from its six-confirmation convention paired with 10-minute block intervals.
The spread between TON and Bitcoin works out to roughly 6,000x. That gap effectively rules Bitcoin out for any real-time settlement use case.
Cardano (ADA) finished last at a full day for finality. The chain has long marketed its peer-reviewed proof-of-stake design. The data placed it behind every Layer 1 it was built to compete against.
The middle of the field looked tame by comparison. Avalanche (AVAX), BNB Smart Chain (BNB), and Sui (SUI) all confirmed transactions in under two seconds. Hedera (HBAR), the XRP Ledger, and Stellar (XLM) cleared in under five.
Solana (SOL) registered 13 seconds, TRON (TRX) about a minute, and Ethereum (ETH) 13 minutes. Litecoin (LTC) needed 15 minutes and Monero (XMR) 20 before Bitcoin and Cardano closed out the list.
The benchmark follows TON’s Catchain 2.0 upgrade. Block times now run at roughly 400 milliseconds, and finality dropped below one second on April 10.
Telegram’s Validator Role Reshapes the Network
Durov also confirmed that Telegram now operates as TON’s largest validator. The company staked around 2.2 million TON, valued near $2.9 million at the time.
He framed the position as a counterweight to other large operators. The setup lets major players join the validator pool without tipping the network toward centralization.
Competition for the roughly 20% staking yield has lifted the share of supply locked in validation. That dynamic reduces circulating float and tightens TON’s available trading liquidity.
Critics have flagged that Telegram’s stake could approach a quarter of total validator power. The concentration raises governance questions even as transaction throughput climbs.
Toncoin climbed sharply after Durov posted the validator update. Markets read the move as a sign of deeper Telegram commitment to the chain it built around its messaging platform.
The comparison data gives Durov a fresh argument for TON’s technical position. Sustained adoption will depend on whether application activity keeps pace with the network’s headline speed gains.