Toncoin hits an all-time high, knocking Cardano out of the top 10.

There are new entrants to the top 10 cryptocurrencies by market capitalization, as follows: ToncoinThe recent surge in – and it’s flipped. Cardano Proceeding.

Toncoin (TON), the token of The Open Network, is currently the 10th most valuable cryptocurrency in the world. CoinGeckoUp 12% on the last day Current price $6.65. It is also up 32% in the last 7 days and 132% in the past month.

TON jumped even further to an all-time high of $7.06 early Tuesday. However, the growth of Telegram and closely related networks has pushed Cardano out of the top 10.

According to CoinGecko, TON’s current market capitalization is over $23 billion, making it the 10th most valuable cryptocurrency in the world. Cardano (ADA), on the other hand, fell to 11th place with just over $21 billion. Cardano is down 2.1% on the day, with a price of around $0.60.

Open Network was originally founded by messaging app giant Telegram in 2018 under the name Telegram Open Network, but the company I abandoned the project Subject to regulatory scrutiny by the U.S. Securities and Exchange Commission (SEC).

Community developers continued to build the network without any official involvement from Telegram. Gradually, Telegram has re-embraced the network, which could help fuel its rise over the past few months.

The self-storage TON wallet is Released for Telegram last fallAnd in February, Telegram said: Share half of advertising revenue Pay exclusively in TON with channel owners. Last week, Telegram said it would do just that. Accept payment for advertising fees Even in TON.

And there’s some buzz happening in the chain as well. Telegram-based game Notcoin We’ve reached 35 million players in the past few months. NOT token launch It will be posted on the chain around April 20th to reward users. The TON Foundation recently announced the following: Drive $115 million in compensation and incentives To attract users to the network.

On Tuesday, the TON Foundation announced a partnership with palm-based verification startup HumanCode to encourage adoption of its “personal proof” protocol. 1 million TON provided (currently worth about $6.5 million) incentives.