Almost instantly, but with a nuance

TON Core has rolled out an upgrade that seems to technologically boost the blockchain, making blocks about six times faster and transactions nearly instantaneous.

However, with this acceleration, the number of blocks created has also increased significantly, leading to higher emissions. Previously, it was around 93k TON per day, but now it's approximately 560k. This results in about 4% annual inflation, up from the previous ~0.6%. Kiba from TON Tech has created a page that visually demonstrates this.

Currently, everyone is talking about the 20%+ APY in staking, but they often forget to mention that this 20% is merely a redistribution of emissions among stakers.

In reality, if you don't stake TON, you're diluted by about 4% annually. If you do stake, you earn around 20%, with the real profit after inflation remaining at about 16–17% (you can loop and increase it to 30%).

As a result, initiatives like the TON Believers Fund, which offer 5% annually, will now yield almost nothing and are essentially "frozen" TON.

The mythical "burning of fees" currently plays no significant role because there are no people, no volumes, no transactions. There's simply nothing to burn.

So, the network has been improved and accelerated, but those who don't hold or stake TON will bear the cost.

Off to stake... Now, even holding TON in projects like STORM is simply unprofitable; staking is the only option, meaning people will now start reducing the TVL of ecosystem projects to a minimum.

Time will tell where this leads. For now, it looks rather bleak.

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