
In Kaia vs TON, the TON blockchain wins on scale, earning 15.1 times Kaia's chain fees in the 30 days to early October 2026. Kaia's transfers cost a sixteenth as much, and it holds more DeFi value per dollar of market value. For a trader who wants the bigger network and a listed perpetual, TON is the better pick.
TON's April 2026 move to 400-millisecond blocks multiplied its issuance, because every block still pays the old reward. A single day in early October 2026 created 571,850 GRAM, 5.98 times a day in March 2026, and that annualizes to 3.97% of total supply. Kaia's net new supply that day works out to 4.55% a year, so the two messenger chains dilute holders almost equally.
Kaia vs TON at a Glance
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Measure
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Kaia
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TON
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Block time
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About 1 second
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About 0.4 seconds
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Validators
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30
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385
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DeFi TVL (DefiLlama)
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About $8.2M
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About $52.2M
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Chain fees, 30 days
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$4,551
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$68,656
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Yearly supply growth
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4.55%
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3.97%
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Market value, early-October close
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$388M
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$4.10B
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On Phemex
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KAIA pairs delisted
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GRAM perpetual and spot listed
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What Is Kaia?
Kaia is the Layer 1 blockchain formed when Klaytn and Finschia merged, and its mainnet has run since 29 August 2024. Its reach comes from Mini Dapps that run inside LINE, a messenger that Kaia's Mini Dapp documentation says has over 200 million monthly users, mostly in Japan and three other Asian markets.
For anyone searching for a LINE blockchain, Kaia is the chain those Mini Dapps settle on.
Klaytn launched in 2019, and Phemex's older explainer on Klaytn's push toward mass adoption covers the chain as it ran before the merger.
What Is TON?
The Open Network (TON) is a Layer 1 that its website says Telegram developed with the open-source community, and Telegram's integration puts it in front of the messenger's 1B+ active users. Toncoin became Gram (GRAM) on 15 June 2026 after a community vote, while the network kept the TON name.
So Kaia vs Gram and Kaia vs TON ask the same question, because GRAM is the coin and TON is the chain it runs on.
Inside Telegram you can hold GRAM yourself or leave it with a custodian, and our guide to Gram Wallet and Telegram's custodial wallet sets out how the two differ.
Kaia vs TON Speed and Fees
The TON blockchain block time fell to about 400 milliseconds on 9 April 2026, down from about 2.5 seconds, when the Catchain 2.0 consensus upgrade reached mainnet. TON's sub-second finality guide sets the target for finality at about one second. On one day in early October 2026 the main chain produced 209,755 blocks, one every 0.412 seconds.
Kaia's consensus documentation promises one-second blocks with immediate finality, and the chain turned out 85,445 blocks on that same day, one every 1.011 seconds. Because a Kaia block is final the moment it lands, the wait you feel on either chain is close to a second.
Fees run the other way. A plain Kaia transfer uses 21,000 gas at the 27.5 gkei price the network quoted in early October 2026, which comes to 0.0005775 KAIA or about $0.000035 at the early-October close. TON's site puts a GRAM transfer at about 0.00039 GRAM with fixed fees, or about $0.00057 and roughly 16 times Kaia's cost.
Across the whole network the order flips back. DefiLlama counts $68,656 of TON chain fees over the 30 days to early October 2026 against $4,551 for Kaia, so the busier network collects far more in total.
How Decentralized Are Kaia and TON?
TON spreads block production much wider. Its validator set in early October 2026 held 385 validators, almost 13 times the 30 members of Kaia's Governance Council.
Kaia accepts that trade on purpose. Its consensus documentation says a randomly drawn committee from the council signs each block, which keeps message traffic low. That's how Kaia gets one-second blocks with immediate finality, and the docs say over 50 nodes can take part. The cost is concentration. A few dozen operators run the chain, so a coordinated decision needs far fewer parties than on TON.
For how block producers earn their place and what they check, Phemex's explainer on who blockchain validators arecovers the basics.
How Much DeFi Runs on Kaia vs TON?
TON holds the larger pool. DefiLlama put TON's DeFi TVL at about $52.2 million in early October 2026, against a Kaia TVL of about $8.2 million.
Both pools have shrunk hard. A year earlier the same tracker showed $130.4 million on TON and $29.4 million on Kaia, so TON lost 59.9% of its DeFi value and Kaia lost 72.1%.
Measured against market value, Kaia comes out ahead. Before its early-October spike, Kaia's DeFi deposits equalled 3.45% of its market value and TON's 1.34%, about 2.6 times more per dollar on Kaia. At the next close the edge was about 1.7 times, because the spike lifted Kaia's market value while its deposits stayed put.
The same lens drives our Sui vs NEAR comparison of TVL per dollar, and it tells you how much on-chain activity stands behind each dollar of the coin.
What Is the Toncoin Inflation Rate vs Kaia's?
Method: TON's network config pays 1.7 GRAM for each main-chain block and 1.0 GRAM for each block on its basechain, which ran as a single shard all day. Block counts at the start and end of a day therefore give the new supply.
On 1 March 2026, before the speed upgrade, TON created 95,647 GRAM in a day. On one day in early October 2026 it created 571,850 GRAM from 209,755 main-chain and 215,266 basechain blocks, 5.98 times as much.
That puts the Toncoin inflation rate at 3.97% of the 5.26 billion GRAM total supply a year, up from under 0.7% before the upgrade. Counted against the 2.82 billion GRAM that CoinMarketCap treats as circulating, the new coins add 7.4% a year.
Kaia's issuance is fixed per block. It mints 9.6 KAIA for every block and sends half to validators and the community and a quarter each to the Kaia Ecosystem Fund and the Kaia Infrastructure Fund.
Kaia's own supply counter shows 820,272 KAIA minted and 18,280 burned over the same day, a net 801,992 KAIA or 4.55% a year on a supply of 6.44 billion. Its circulating and total supply match, so that rate doesn't change with the count you use.
The burn was unusually large. It came from a fee spike, when Kaia earned $2,197 against an $81 daily average over the prior 29 days, and on a quiet day its rate runs nearer the 4.65% gross. TON burns half of every fee too, but about $2,800 of fees a day removes roughly 1,000 GRAM, a rounding error beside 571,850.
At early-October prices TON paid out about $831,000 of new GRAM that day, some 290 times its $2,844 of chain fees. Kaia's net new coins were worth about $48,000, 22 times its fees on its busiest day of the month.
A proposal to cut the rewards to 0.35 GRAM per main-chain block and 0.2 per basechain block went to a vote in April 2026 with a June deadline, and the config still pays 1.7 and 1.0. At early-October block rates the cut would bring daily creation down to about 116,000 GRAM, near 0.8% a year.
Is Kaia Better Than TON?
Kaia is better than TON on two narrow measures, transfer cost and DeFi value per dollar, and TON wins the rest. It has the wider validator set, a far larger fee base and a listed perpetual on Phemex, and one day of spiking Kaia fees barely dents TON's lead in the 30-day totals.
The one place the two meet is supply, where both dilute holders by about 4% a year. A buyer of either coin needs demand to grow at least that fast before the price gains anything.
Kaia vs TON Price Outlook
Kaia rose 62.60% on the early-October bar on CoinMarketCap, the day a new listing opened on South Korean won markets, while GRAM rose 5.31% and its Phemex perpetual 5.59%. That one bar cut TON's market-value lead from 16.3 times to 10.6 times.
Supply is the drag to watch on both. At early-October prices GRAM's daily issuance alone was worth about 17 times Kaia's, so TON's price needs far more fresh buying each day to stand still, and the reward-cut vote is the event that would change that.
The Gram price page on Phemex follows GRAM's price and market value day by day.
Where to Buy Kaia Crypto and GRAM
Kaia has no live perpetual on Phemex, which delisted its KAIA pairs. To hold KAIA yourself, you can swap for it on a decentralized exchange on the Kaia mainnet.
GRAM trades on Phemex as a perpetual with up to 20x leverage and funding every four hours, and as a spot pair. The guide on how to buy Gram on Phemex walks through a spot purchase. Futures use leverage, and a leveraged position is closed automatically if losses reach its margin. Check the ticker before you buy, since Gram Silver (GRAMS) and Datagram (DGRAM) are unrelated tokens.
What Are the Risks of Kaia vs TON?
Kaia's Risks
Kaia's DeFi base lost almost three quarters of its value in a year, so its per-dollar lead rests on a small and falling pool. Its fee income is thin as well, at $4,551 over 30 days, and a single day in early October 2026 produced almost half of it.
Half of every new KAIA goes to two ecosystem funds, and 30 council members run consensus. If you hold KAIA, you're trusting a small group to steer both the chain and its treasury.
TON's Risks
The validators who collect the higher block rewards are the same parties who vote on cutting them, and the proposal due by June hasn't reached the chain. Until it does, GRAM holders carry close to Kaia's dilution on total supply and more on the circulating float.
The rename adds a practical risk. The old TON markets on Phemex are delisted, and buyers searching for the coin under either name can land on a namesake.
Frequently Asked Questions
Is Gram crypto a good investment?
GRAM backs the larger of the two messenger chains, with 385 validators and a listed Phemex perpetual. Its supply grows 3.97% a year until a proposed reward cut takes effect, so any price gain has to outrun that dilution first.
Where can you buy Kaia?
Kaia trades on decentralized exchanges on the Kaia mainnet, where you can swap for it from a self-custody wallet. Phemex no longer lists KAIA pairs, so it offers no live KAIA perpetual. Make sure you receive the native KAIA coin and not a namesake token that shares its ticker.
Is Kaia faster than TON?
No. TON produces a block about every 0.4 seconds and Kaia about every second. Kaia finalizes each block at once and TON targets finality in about one second, so a transfer confirms in roughly the same time on both.
Is Toncoin the same as Gram?
Yes. Gram is Toncoin's name since a June 2026 community vote, and holders needed no swap because balances carried over one for one. The network itself is still called TON.
Bottom Line
TON bought its sub-second blocks with supply. Each faster block pays the full old reward, so the upgrade that made TON feel instant also lifted GRAM's dilution to Kaia's level, and the validators who earn that reward hold the vote on cutting it. A trader who picks TON for its scale and a live GRAM market pays for it in new coins every day the cut stays off the chain.
Disclaimer: This article is for informational purposes only and is not financial advice. Cryptocurrency trading involves substantial risk. Always do your own research before making investment decisions.






