TON Strategy staking rewards rise as May haul tops 3.3 million TON

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TON Strategy staking rewards May

Highlights

TON Strategy generated 3.3 million TON in May staking rewards, worth over $5.6 million, as gross yield rose to approximately 1.48%.
TON governance proposals implemented last week improved smart contract execution, block synchronization, and validation capacity without significantly altering staking rewards.
TON Strategy (TONX) shares rose 1.3% to $3.15 on Monday, aided by ecosystem rebranding efforts and Telegram's broader 'Make TON Great Again' initiative.

May staking performance and network changes

As reported by The Block, TON Strategy in a Monday release said the company generated an estimated 3.3 million TON in staking rewards in May, worth more than $5.6 million based on the figures cited in the update. The company says that result is derived from 226.8 million staked TON held at the end of May and reflects an increase in preliminary gross staking yield from 1.39% in April to roughly 1.48% in May.

TON Strategy also backs a set of TON governance proposals that took effect last week. The changes are aimed at improving network performance, throughput and scalability while leaving staking rewards mostly unchanged, and include smart contract execution improvements, block synchronization enhancements and higher validation capacity for increased transaction throughput.

Chief executive Kevin Wilson says in a statement that the upgrades mark another step in TON's development for high-volume consumer applications tied to the Telegram ecosystem.

Market reaction and broader TON push

Shares of TON Strategy, which trade under the ticker TONX, were up about 1.3% on Monday at $3.15, extending the stock's year-to-date gain to about 31%. TON was trading near $1.72 and remains mostly flat this year, according to The Block crypto price data.

The company, formerly Verb Technology, adopted its TON-focused strategy in August last year and has become one of the network's largest holders and validators. The latest update also comes as Telegram chief executive Pavel Durov pushes a broader overhaul of the TON ecosystem under his "Make TON Great Again" initiative.

Earlier this month, Durov announced that TON's native cryptocurrency would be renamed Gram, reviving branding from Telegram's original white paper. That rebrand forms part of a wider set of changes that also includes fee reductions, network upgrades and plans for Telegram to take a larger stewardship role across the ecosystem.

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