Pavel Durov posted a chart this week that is worth looking at twice. According to Chainspect’s May 2026 data, TON sits at 0.6 seconds to finality, beating Avalanche (1 sec), BNB Smart Chain (1.1 sec), $SUI (1.5 sec), Hedera (2.5 sec), XRP Ledger (4 sec), and Solana (13 sec). Bitcoin and Ethereum do not even appear competitive on this metric, sitting at 1 hour and 13 minutes respectively.
Why Now
The timing of Durov’s post is not random. In April, TON deployed its Catchain 2.0 consensus upgrade, cutting block times from roughly 2.5 seconds down to 400 milliseconds and boosting throughput by an estimated 10x. Settlement times dropped from around 10 seconds to approximately 1 second.
Payment transactions now settle in about 1 second, trades settle in what TON describes as real time, and decentralized applications are now operating at speeds comparable to traditional apps. That last part is the more interesting claim. Consumer fintech lives and dies by perceived latency, and 0.6 seconds is approaching the threshold where users stop noticing the blockchain underneath.
blockchainreporter.net