TON Strategy reports may staking yield of 1.48% amid network upgrades

TON Strategy Company (NASDAQ: TONX) reported preliminary May staking performance showing gross yield of approximately 1.48%, up from 1.39% in April. The annualized gross staking yield for May reached approximately 17.80%, compared to 16.7% in the previous month.

As of May 31, the company held approximately 227.5 million TON tokens, with approximately 226.8 million staked. TON Strategy operates as a digital asset treasury company focused on The Open Network ecosystem.

The company voted in favor of network upgrades for The Open Network that took effect June 4. The approved configuration changes include the TVM 14 upgrade for smart contract improvements, full collated data generation optimizations, block sync overlay for validator communication, expanded validation capacity, validator infrastructure improvements, and network security controls.

"These network upgrades represent another important step as TON continues to develop for high-volume consumer applications tied to the Telegram ecosystem," said Kevin Wilson, CEO of TON Strategy Company. "By improving the way validators process and communicate activity, TON is continuing to make the network faster, more reliable and more usable as activity grows."

The upgrades are designed to improve network performance, throughput and scalability while maintaining existing staking mechanics. The approved configuration changes are not expected to affect validation rewards, according to the company.

TON Strategy continues to operate legacy business units including MARKET.live, a livestream shopping platform, and LyveCom, an AI-powered social commerce platform.

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