The move from $3.6 billion to $7.3 billion came as Telegram increased its control over The Open Network (TON blockchain linked to Telegram), according to the provided statement.
TON’s market capitalization rose from $3.6 billion to $7.3 billion over four days, according to the provided statement. The increase coincided with Telegram strengthening its control over The Open Network (TON blockchain linked to Telegram). Market capitalization measures the total value of a crypto asset’s circulating supply, and a rapid change of this size signals a sharp reassessment of the network’s valuation during the period mentioned.