Tron vs Gram (Formerly Toncoin): Speed, Fees, Users and Revenue
Tron vs Telegram's Gram, formerly Toncoin, compared on speed, fees, usage, supply and revenue, plus the risks on each side and who each coin suits.

Key takeaways
- According to the video's figures, Gram, formerly Toncoin, is faster and far cheaper to use than Tron.
- The video says Tron collected about $23 million in fees in the 30 days to mid-October 2026, while Gram charges almost nothing.
- Low fees help the person sending money, while fee revenue is what flows back to the network. The video argues one coin can't win both rounds.
- About a billion Gram, roughly a fifth of supply, was frozen in early 2023 for four years. On that timetable it unlocks in early 2027.
- In the host's view, Tron's main risk is its dependence on Tether. For Gram, he points to Telegram's control of the network, Durov's case in France and the 2027 unlock.
Tron and Gram, the coin formerly called Toncoin, split a five-round comparison in a Bullrunners video. Gram won on speed and transaction cost. Tron won on real usage, supply and fee revenue. The host scored it three rounds to two for Tron and stressed that the result describes trade-offs, not a prediction.
For anyone holding TRX or Gram, the comparison is a useful way to separate a coin’s story from its numbers. The video’s main point is that cheap fees for users and income for the network pull in opposite directions. Knowing which side of that trade your coin sits on tells you what you are actually betting on.
What is Gram, and how did it come back?
Gram is the native coin of the blockchain Telegram’s founders first built in 2018, and it has gone by several names. Pavel Durov and his brother designed the chain to plug into Telegram, the messaging app the video says has over a billion users. They raised about $1.7 billion for it.
The project never launched under Telegram. In a clip shown in the video, Durov says the team built the technology but could not release it because the SEC was unhappy with how the fundraise was run. In 2020, Telegram agreed to return about $1.2 billion to investors and walked away.
Open-source developers picked the project up, called it The Open Network (TON) and named the coin Toncoin. In 2026 Durov came back. In May he posted that Telegram was replacing the TON Foundation and becoming the network’s largest validator, one of the computers that keep the chain running. In June the coin took back its original name, Gram. The network itself is still called TON.
What is Tron used for?
According to the video, Tron is mainly a network for moving Tether (USDT), the dollar-pegged stablecoin, around the world. The video calls its story “less glamorous,” and that is the point: Tron’s case rests on one steady job. The video notes that its founder, Justin Sun, has been in the headlines for most of the chain’s life.
How Tron and Gram compare across the five rounds
The host scored each coin on five measures. The table summarises the video’s scorecard.
| Round | What it measures | Winner | Key figure from the video |
|---|---|---|---|
| 1. Speed | How long a transfer takes | Gram | Sub-second on Gram vs a 3-second block time on Tron |
| 2. Cost | Fee per transaction | Gram | About a seventh of a cent vs a rough 6.5-cent average |
| 3. Usage | Who is actually using it | Tron | About $2.2 trillion in stablecoins settled in Q3 2026 |
| 4. Supply | New coins diluting holders | Tron (split decision) | About a billion Gram frozen until early 2027 |
| 5. Revenue | Whether users pay to use it | Tron, by a wide margin | About $23 million in fees in 30 days |
Speed and cost
Gram won the first two rounds. Tron creates a block every 3 seconds. Durov posted in April 2026 that an upgrade made Gram’s chain 10 times faster, with transactions settling in under a second. The host admits that 3 seconds against under a second hardly matters for a small transfer. It matters more for Telegram’s goal, which is payments inside a chat app that feel as instant as sending a message.
On cost, the video says Gram’s fees were cut to a sixth of their earlier level around the start of May 2026. One outlet cited in the video put the cost of sending Tether on Gram at about a seventh of a cent.
Tron cut its fees by 60% in August 2025, and Cointelegraph reported that its daily revenue fell 64% within 10 days. The host then did a rough calculation:
- In the 30 days to mid-October 2026, Tron took about $23 million in fees, or roughly $780,000 a day.
- In the third quarter it handled about 12 million transactions a day.
- Dividing one by the other gives an average of about 6.5 cents per transaction, with free and paid transactions lumped together.
The host calls this a rough average, not a price list. Even so, it is well above the Gram figure.
Usage
Tron won the usage round clearly. A Bloomberg podcast clip in the video describes sending money home to family as one of Tether’s main uses, because it avoids the cut taken by Western Union or a traditional bank.
According to Tron’s own report for the third quarter of 2026, about $2.2 trillion of stablecoins settled on the network. The video cites trackers that put Tron at about 73% of all stablecoin transaction volume in September.
In October, Justin Sun said on stage in Singapore that Tron has over 400 million users, hosts around $100 billion and processes $20 to $30 billion a day. The host advises treating the user count with caution because it comes from the founder. The daily volume does match the quarterly report, though: $2.2 trillion over three months works out to about $24 billion a day.
For Gram, the video says Telegram began rolling out its wallet to users in September 2026 and widened access around October 10. Durov told Lex Fridman in October 2025, when the coin was still called Toncoin, that it is how you pay for things inside Telegram. Another clip in the video says it is the only way to buy ads on Telegram. The host’s point is that a billion people who could use the wallet are not a billion people who do. He says he could not find a daily user figure for Gram that he trusted.
Supply
Tron took the supply round on a split decision. Tron burns some TRX whenever fees are paid, which led many people to call it deflationary, meaning the number of coins shrinks. After the fee cut, less TRX is burned. According to the video, citing Tokenpost, TRX supply grew for 112 days straight up to October 20, 2026. The video adds that Canary’s staked TRX ETF, launched in the US in September, means more holders earn new coins by locking theirs up.
Gram’s supply issue has a date attached. In early 2023 the network froze about a billion coins in old miners’ wallets that had never moved, roughly a fifth of all coins. The freeze was set for four years, so on that timetable the coins unlock in early 2027, and nobody knows how many will be sold. The video also says a Nasdaq-listed company reported in August that it held about 230 million Gram. The host preferred Tron’s slow drip of new supply to a fifth of Gram’s supply with a release date. For a wider framework, see these three checks for spotting a weak altcoin.
Revenue
Tron won the revenue round by a wide margin. The video, citing bitcoin.com, says Tron’s $23 million in 30-day fees put it ahead of several other major chains combined. Gram charges almost nothing by design, and according to the video, Telegram’s wallet sends Gram with zero fees.
Why cheap fees and revenue are the same question
The video’s main argument is that the cost round and the revenue round measure the same money from opposite sides. Tron’s roughly $23 million a month is what users paid to move their dollars. Gram is cheap because Telegram chose not to charge.
In the host’s words, if you are sending money, Gram is the better deal, and if you are holding the coin, Tron is the one getting paid. A network that collects almost nothing from users has less flowing back to the token. The same question comes up elsewhere in crypto, for example in how Uniswap’s fee switch works for UNI holders.
What are the risks for Tron and Gram holders?
The video lists real risks for both coins.
Tron:
- Tron depends heavily on Tether. The video says one outlet pointed out in April 2026 that Tether’s own new wallet left Tron out.
- The Bloomberg podcast noted that the features that make USDT useful also make it popular for illicit transactions. That applies to Tether generally, but Tron carries a large share of it, so the host sees closer scrutiny from regulators as a risk. Bullrunners has covered why stablecoins carry freeze risk.
- Justin Sun has been at the centre of Tron throughout. An SEC case ended in March 2026 when a company tied to Tron agreed to pay $10 million, and the charges against Sun were dropped.
Gram:
- Telegram runs the largest validator, so a single company has outsized control.
- Durov’s case in France is ongoing. Investigators questioned him again in July 2026, nearly two years after his arrest.
- The frozen fifth of supply has an unlock date in early 2027.
- Prices can swing hard on Telegram news. Citing CoinMarketCap, the video says the coin was valued at about $3.5 billion on May 3, 2026 and about $7.25 billion on May 7. The video says that by May 23 more than half of that gain had gone.
Who each coin suits, according to the video
The host is clear that this is a description, not a recommendation. He says Tron suits someone who wants a coin tied to a dull job that pays its way, moving dollars, and who can accept Justin Sun’s role, the dependence on Tether and slowly growing supply. He says Gram suits someone betting that Telegram can turn a billion chat users into crypto users, and who can accept Telegram’s control, the 2027 unlock date and large price swings.
What to watch next
For Gram holders, the key items are the early-2027 end of the four-year freeze, any reliable daily user figures for Telegram’s wallet, and developments in Durov’s French case. The video also flags the Blockchain Life event in Dubai on December 1 and 2, 2026, noting that Durov used the last Dubai edition to launch a new project.
For TRX holders, watch whether supply keeps growing after the fee cut, whether Tron holds its share of stablecoin volume, and how regulators treat Tether. Whichever coin you hold, the video suggests scoring it on numbers like these rather than on loyalty to the story.
Frequently asked questions
Is Toncoin now called Gram?
Yes. According to the video, the coin known as Toncoin took back its original name, Gram, in June 2026. This followed Telegram's announcement in May 2026 that it was replacing the TON Foundation and becoming the network's largest validator.
Is Gram faster than Tron?
According to the video, Tron produces a new block every 3 seconds. Pavel Durov said in April 2026 that an upgrade made Gram's chain 10 times faster, with sub-second transactions.
How much does a Tron transaction cost compared with Gram?
The video estimates that Tron averaged roughly 6.5 cents per transaction, with free and paid transactions counted together. That figure comes from about $23 million in fees over 30 days spread across about 12 million transactions a day. One outlet cited in the video put the cost of sending Tether on Gram at about a seventh of a cent.
Is TRX still deflationary?
Not recently, according to the video. Tron burns TRX when fees are paid, but less gets burned after its August 2025 fee cut. The video, citing Tokenpost, says TRX supply grew for 112 days in a row up to October 20, 2026.
When do the frozen Gram coins unlock?
According to the video, about a billion coins in old miners' wallets that had never moved were frozen for four years in early 2023. On that timetable they unlock in early 2027, and nobody knows how many will be sold.
Full video transcript
From the video's captions, lightly formatted. Captions can mishear names and numbers, so check figures against the article above.
In the red corner, ball runners, we've got a coin the SEC stopped before it even launched back in 2020. It came back from the dead and in June 2026, it took back its original name, Gram. And in the blue corner, we've got the chain a huge chunk of the world's digital dollars moves on, Tron, founded by one of the loudest men in crypto, Justin Sun. So, if you own Ton Coin, it's called Gram now and I want to show you how it really stacks up against Tron because Tron holders. Telegram's Gram goes toe-to-toe with your coin and I've scored it like a proper boxing match.
There are five rounds, which are speed, cost, who's actually using it, new coins coming in, and real money coming out. And one of those rounds was a route. So, attention TRX and Gram holders, it's five rounds, real numbers, and only one coin wins on points. And I'll tell you which and who each one actually suits. Keep your own scorecard in your head as we go, by the way, because I want to know at the end whether your card matches mine.
And there's a link in the description and I'll come back to it before the first bell for anyone who'd like their own coin scored this honestly. My name's Rory. I've been trading crypto and forex since 2020 and it's given me a full-time income and the freedom to travel the world while I do it. And it's taught me the best story isn't always the best coin. So, we're scoring on numbers.
So, who's the challenger? Well, Telegram's a messaging app, right? Over a billion people use it and back in 2018, its founder, Pavel Durov and his brother built a blockchain to plug straight into it. They raised about 1.7 billion dollars for it and then this happened. In Durov's own words,
Building that, we ended up succeeding in developing that technology, but we couldn't release it because the SEC, the Securities and Exchanges Commission in the United States, was unhappy with the way the fund raise for TON was conducted.
And in 2020, Telegram agreed to hand about 1.2 billion dollars back to its investors and walked away. So, the open-source crowd picked it up, called it the open network, TON for short, and the coin became TON Coin. Then, in 2026, Durov came back for it. In May, he posted that Telegram was replacing the TON Foundation and becoming the network's largest validator, which is basically one of the computers that keeps it running. And in June, the coin got its old name back.
And Tron? Well, Tron's story is a lot less glamorous, and that's sort of the point. It's a chain people use to move Tether, the digital dollar, around the world. And And Justin Sun's been in the headlines the whole way. So, that's a fight.
The flashy challenger with a billion possible fans against the dull champion with the money. Let's see who's standing after five rounds. Like if you're bullish, let's run it.
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Able runners, welcome back. Now, most of us pick up coins the way we'd pick a football team, don't we? The story gets under our skin, and after that, we stop scoring it and just support it, even when the numbers stop backing it. Am I telling you to buy Tron or Gram? Well, no.
There may be better opportunities for your situation. But every fighter's got someone in the corner telling them straight how the fight's going. And that's what the team at Altcoin Pro does with people on a free call. They go through what you actually hold. And if some of it's just sitting there, they'll show you how it can do a bit of work for you without the guesswork.
And members get weekly calls with the research team, too. So, click the first link in the description, watch the short video, and hit the button underneath it. Fill in the short form and book your free 15-minute call with someone on the team. If you're watching on your phone, just tap more under the video, and it's the first link you'll see. It's meant for people holding $50,000 or more in crypto that's just sitting there.
And if you're already well set up, they'll tell you that, too. And Blockchain Life is on in Dubai on the 1st and 2nd of December 2026. And the last time it was in Dubai, Durov used it to launch a whole new project. So, Gram could be all over the headlines that week. I'd get your call booked before then.
Right, ding ding. Round one is speed. So, how long you wait before your money's actually moved. Tron makes a new block, which is basically a new page in its records book, every 3 seconds. And for most people, that's plenty quick.
But in April 2026, Durov posted that Gram's chain had been upgraded. It was 10 times faster, and transactions were sub-second, which means under a second. Now, 3 seconds against under a second won't change your life if you're sending your sister 50 bucks, will it? But Telegram wants this inside a chat app, where you tap send and expect it gone like a message. So, round one goes to Gram.
19 on my card. Round two is cost. Gram's fees were cut to a sixth of what they were around the start of May 2026. And BSCN had sending Tether on it about a seventh of a cent per transfer. And Tron?
Well, Tron's not free. Back in August 2025, it cut its fees by 60%. And Cointelegraph reported its daily revenue dropped 64% within 10 days, which tells you how much people had been paying before. So, here's a rough sum. In the 30 days to mid-October 2026, Tron took about $23 million in fees, which is about $780,000 a day.
And in the third quarter, it handled about 12 million transactions a day. Spread one over the other, and it's roughly 6 and a half cents a transaction, free ones and paid ones lumped together. That's a rough average, not a price list. But against a seventh of a cent, it's not close. So, round two goes to Gram as well.
And the challenge is two rounds up. Round three, and this is where the champion starts swinging. Think about why anybody uses Tether at all. Bloomberg's big take podcast put it really simply back in April.
Remit payments. For instance, one of the main use cases that Tether has is for people, for instance, who might live in the US who want to send money home to their family and don't want a Western Union or a traditional bank to take a huge cut of that. Tether allows you to
And a big share of that Tether moves on Tron. Tron's own report for the third quarter of 2026 had about 2.2 trillion dollars of stablecoins settled on it, which is just digital dollars changing hands in 3 months. Trackers had Tron at about 73% of all stablecoin transaction volume in September. And here's how Justin Sun put it on stage in Singapore in early October.
That's why today people might see we have over 400 million users globally. So today we are host around 100 billion US dollars on the protocol and the process around 20 to 30 billion dollars every day.
Now, that's a founder talking up his own chain, so take the user number with a pinch of salt. But the 20 to 30 billion a day does line up with quarterly report because 2.2 trillion over 3 months works out at about 24 billion a day. And Gram? Well, well, Telegram started rolling its wallet out to its billion plus users at the start of September 2026. And around the 10th of October, it opened it up to more of them under the name money.
And Durov told Lex Friedman back in October 2025 that it's how you pay for things inside Telegram. But a billion people who could use it isn't a billion people who do, and I couldn't find a solid daily user number for Gram that I'd actually trust. So, round three goes to Tron, and that's the first big punch.
It's also the only way to transact on Telegram, for example, if you want to buy ads on Telegram, you you should use Ton.
Round four is supply. So, how many new coins keep turning up to share the pie with yours? And this one actually surprised me. Tron burns a bit of TRX every time fees get paid. So, for years people called it deflationary, which just means the number of coins shrink.
But, after that fee cut, less gets burned. And Tokenpost reported TRX supply had grown for 112 days in a row up to the 20th of October 2026. Adding the Canary stake TRX ETFs that launched in America in September, and you've got more people earning new coins for locking theirs up. Gram's problem is bigger now, and it's frozen. Back in early 2023, the network froze about a billion coins sitting in old miners' wallets that had never moved.
Roughly a fifth of all the coins there are. And the freeze was set for 4 years. So, on that timetable, the ice melts in early 2027, and nobody knows how much of it gets sold. And a Nasdaq-listed company called Tron Strategies said in August that it held about 230 million Gram on its own. So, round four is a split decision, but I give it to Tron because a slow drip worries me less than a fifth of the supply with a date on it.
Round five is real revenue. So, is anybody actually paying to use a thing? And those $23 million of fees in 30 days put Tron ahead of Ethereum-based Solana and six more chains put together, according to bitcoin.com. And Gram? Well, by design, it charges almost nothing, and Telegram's wallet sends Gram with zero fees.
So, round five's the route. Tron by a mile. But, here's the twist, and it took me a while to see it. Round two and round five are the same money. Tron's 23 million a month is what its users paid to move their dollars.
And Gram's cheap because Telegram chose not to charge them. So, if you're the one sending money, Gram's a better deal. And if you're the one holding the coin, Tron's the one getting paid. You can't have both, which is exactly why these two look so different on the card. So, let's add it up.
Gram won speed and cost. Tron won users supply on a split decision and revenue by a mile. That's three rounds to two and Tron wins on points. But, a points win isn't a clean fight. So, here's the honest downside on both.
Tron lives and dies on Tether. And back in April 2026, BSM pointed out that Tether's own new wallet left Tron out all together. And that Bloomberg podcast didn't pull his punches either.
popular.
But, those same reasons, the stable value, the ability to store it and send it without involving banks, have also made USDT a popular way for people to conduct illicit transactions.
That's Tether in general, not Tron on its own. But, Tron carries a big slice of it. So, regulators looking hard at that is a real risk. And for years, Justin Sun's been one man at the center of all of it, including an SEC case that only ended in March 2026, when a company tied to Tron agreed to pay $10 million. And the charges against Sun were dropped.
Gram's risks are just as real though, right? Telegram runs the biggest validator, so one company's calling the shots. Durov's French case hasn't gone away either. Investigators questioned him again in July 2026, nearly 2 years after his arrest in France. And that frozen fifth has an unlock date on it.
And look how fast the market can get carried away with Telegram news. CoinMarketCap had the whole coin worth about three and a half billion dollars on the 3rd of May 2026, and about seven and a quarter billion on the 7th. So, more than doubled in 4 days. By the 23rd, more than half of that jump had gone again. Now, I know how this feels if you've been loyal to one of these.
You've backed it. You've stuck up for it. And then, somebody like me turns up with a scorecard and says it's lost three rounds. That stings, and it's not a judgment on you. Round five was really a question of which coin collects the rent.
And funnily enough, that's the word one of our members reached for. His name's John. He's 69 years old and his retirement plans had blown up on him. He'd moved some crypto and thought about $25,000 of it was gone for good. And he got it back.
Then he took XRP that was just sitting there and put it into two DeFi liquidity pools, which he says earning him about $23 a day. In his own words, it's like buying a house and collecting rent on it. John's result is typical and nobody can promise you the same. What stuck with me is that his coins went from sitting there to paying him, which is round five all over again. If you've got 50 grand or more in crypto doing nothing, the free calls behind the first link in the description and I book it before Blockchain Life on the 1st of December.
So, who's each coin actually for? Tron suits someone who wants a coin tied to a boring job that pays its way. Moving dollars. And who can live with Justin Sun? Tether and supply that's been creeping up.
Gram suits someone who's betting Telegram turns a billion chat users into crypto users and who can live with Telegram calling the shots. That 2027 date and some big swings. Neither of those is a prediction. It's just what the card says each one is. So, score it for me in the comments.
What's your card? Tron, Gram, or a draw? And which round would you have given the other way? And look, none of this is financial advice, guys. It's just my take after a lot of digging.
Crypto carries risk and what's happened before is no guarantee of what comes next. So, stick with me, subscribe, and there's a new one every day. Thanks for watching, guys. Keep your head, stack with purpose, and I'll keep you posted.
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Education and commentary only, not financial advice. Crypto is volatile and you can lose money. Do your own research and speak to a qualified advisor before making investment decisions. Figures and quotes are as reported in the video on November 1, 2026 and may have changed since.


