News

The Jio subscriber base in the fourth fiscal quarter was 524.4 million. Jio's ARPU in the fourth fiscal quarter was 214 rupees, while analysts expected 212.46 rupees.

The effective federal funds rate for the previous trading day was reported at 3.64%, unchanged from the previous day at 3.64%.

BlockBeats News, April 24th, The Open Network (TON) underwent a major update to its economic framework, confirming that the network-wide transaction fees will be reduced by sixfold, bringing the cost of a standard transaction down to around 0.00039 TON as a fixed fee, equivalent to approximately $0.0005. TON's new fee structure will remain strictly fixed and unaffected by network load. This adjustment is the second phase of Telegram founder Pavel Durov's ambitious "Make TON Great Again" (MTONGA) roadmap. Previously, on April 9th, Pavel Durov had announced that the TON blockchain had been upgraded, with a 10x increase in speed, a 6x increase in block generation speed, and transactions achieving instant, sub-second confirmation. In addition to this transaction fee reduction, Pavel Durov also outlined a long-term vision: to transition the TON blockchain to a structure where transactions for the majority of users are essentially feeless. The ultimate goal of this strategy is to cultivate an environment where microtransactions (such as content tipping, small-scale cross-border payments, and in-app purchases) can occur smoothly, eliminating the high cost barriers that typically plague decentralized protocols. By removing financial barriers to entry, the TON team aims to capture a larger share of the over one billion Telegram user base, thereby evolving into a global hub for decentralized digital commerce.