TON activity halted twice in a single day, surpassing ten-hour downtime
TON notify halted twice in a single day, surpassing ten-hour downtime TON notify halted twice in a single day, surpassing ten-hour downtime
Following a nearly six-hour downtime, TON stopped producing blocks over four hours ago due to the overload of community notify.
Quilt work/illustration through CryptoSlate. Image involves blended yelp which can additionally contain AI-generated yelp.
The Launch Network (TON) is facing one more block manufacturing cease after nearly six hours of downtime skilled earlier as of late.
In accordance to on-chain data, the most recent block changed into once produced four hours ago.
In an X post, the reliable TON profile attributed the disruption to the minting of DOGS, a token distributed to Telegram customers as a reward. Additionally, the post acknowledged that customers’ funds weren't in worry.
TON Ventures head Ian Wittkopp shared on social media that over $550 million in DOGS changed into once distributed to Telegram customers, ensuing in the largest day to day intelligent client depend in TONâs historical previous.
No topic the outage of its blockchain, TON is down by most efficient 1% over the final 24 hours. Meanwhile, other predominant crypto equivalent to Bitcoin (BTC) and Ethereum (ETH) are tanking with 4.4% and 2.1% corrections in the comparable length, respectively.
Principal year-to-date boost
The TON ecosystem has proven important boost in 2024. The total price locked (TVL) on the community peaked at $1.1 billion on July 1, consistent with DefiLlama data.
No topic the ride in TVL registered in August, TON’s roughly $580 million in TVL is composed 665% greater than it changed into once on Jan. 1.
Moreover, TON’s year-to-date notify additionally grew vastly. DappRadarâs data reveals that the community jumped from 95,770 uncommon intelligent wallets (UAW) and 337,820 transactions on April 26 to 236,380 UAW and 497,910 transactions four months later.
Essentially the most intelligent capabilities on the community are the decentralized alternate Ston Fi, with over 476,000 UAW registered over the final 30 days, and the play-and-variety game Catizen, which has proven nearly 463,000 UAW in the comparable length.
Particularly, Catizen changed into once to blame for propelling TON to the distance of the eighth-biggest blockchain by day to day reasonable UAW, consistent with DappRadar. TON reached 196,000 day to day reasonable UAW final month.
These trends had been reflected in TON’s year-to-date trace efficiency. No topic the 17% break over the previous seven days, the native token of The Launch Network currently holds a 134% year-to-date lift after reaching a top of 250% boost on June 14.
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Gino Matos
Gino Matos is a regulation college graduate and a seasoned journalist with six years of abilities in the crypto exchange. His abilities primarily specializes in the Brazilian blockchain ecosystem and trends in decentralized finance (DeFi).
Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. That specialize in financial journalism, he now specializes in crypto reporting.
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