The Open Network, a decentralized layer-1 blockchain, has come up as a leader in annual staking rewards among the 50 largest cryptocurrencies.
In an X post on Friday, Pavel Durov, the founder of Telegram, stated that TON currently offers the highest staking yields in its category. The post came as Toncoin saw significant price momentum, almost doubling over the last week.
TON has an 18.80% Annual Percentage Rate (APR) and ranks 15th by market capitalization. Following TON, other top 10 places are held by Bittensor, Canton Network, Avalanche, Solana, Polkadot, NEAR Protocol, Tron, Ethereum and Hyperliquid.
Staking allows TON holders to lock tokens with network validators, helping secure the blockchain and earning rewards in return. High-staking APYs (Annual Percentage Yields) make the asset appealing to long-term holders seeking passive income alongside potential price appreciation.
Durov’s statement highlights TON’s growing appeal within the broader crypto market. The network is closely attached to the Telegram messaging app and has around one billion users.
It has profited from recent technical upgrades, including faster block times, reduced transaction fees, and improved finality.
These advancements have resulted in increased network activity and validator participation. Other developments, including Telegram becoming the network’s largest validator, have also strengthened confidence in the infrastructure and governance.
Source: X.com
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