Telegram replaces TON Foundation as largest validator

Telegram has replaced the TON Foundation as the largest validator on the TON network, a governance milestone shifting operational control to Telegram-linked infrastructure. The pivot to tech-driven governance could accelerate protocol upgrades, boost developer-led adoption and strengthen Telegram‑linked crypto credibility. It also concentrates validator power, raising decentralization and security concerns that could influence DeFi integrations, CEX listings and market perception.