On October 31, 2023, The Open Network Foundation (TON) set a new world record by achieving an impressive high of 104,715 transactions per second, completing 107,652,545 transactions within 25 minutes during its first public performance test.
Monitored and confirmed by CertiKCommunity, this feat establishes TON as the world’s fastest and most scalable blockchain, outperforming the processing speeds of all L1 blockchains and famous centralized payment networks such as PayPal, Visa, and Mastercard.
The key to TON’s excellent performance is its unique composition using horizontal sharding. This design significantly increases transaction speed while also strengthening decentralization and security.
TON 7-day price chart Source: Finbold
With the news of a record-setting public test that provides users with the fastest transactions available, this blockchain technology and its founders are gathering attention from investors worldwide.
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