2 weeks ago
The Open Network (TON), the blockchain web associated with Telegram, has surpassed 1 cardinal transactions, according to data from TON API and aggregated by CryptoQuant assemblage expert Maartunn.
This accomplishment comes little than a week aft the web experienced 2 large outages caused by the airdrop of the DOGS memecoin.
1 cardinal transaction
TON’s transaction measurement has present exceeded 1.02 billion, emphasizing its captious relation successful the broader blockchain ecosystem. Remarkably, fractional of these transactions occurred wrong the past 3 months, highlighting the platform’s accelerated maturation and expanding idiosyncratic engagement.
TON has grown substantially successful caller months acknowledgment to its strategical partnership with Telegram, the fashionable messaging app with astir 1 cardinal users globally.
The web has heavy capitalized connected this integration to scope astir 280,000 regular progressive users and process an mean of 800,000 regular transactions, making it 1 of the astir heavy adopted blockchain networks.
In a caller report, crypto speech Bybit stated that Telegram’s TON integration has the imaginable to replicate WeChat’s occurrence and go the world’s adjacent SuperApp with the caller summation of Web3 capabilities.
How DOGs caused TON outages
CryptoSlate, utilizing CryptoQuant data, observed that the two caller outages connected the TON network were caused by the immense request generated by the DOGS token airdrop. This surge led to a monolithic summation successful transaction volume, with TON processing an astonishing 20 cardinal transactions betwixt Aug. 27 and 29.
During this period, DOGS transactions accounted for implicit 30% of the network’s full transactions. The memecoin besides drove the mean transaction interest connected the web to a six-month high, according to Tonstat data.
DOGS Percentage of TON Transactions During Outage (Source: CryptoQuant)Ian Wittkopp, caput of TON Ventures, noted that the DOGS memecoin token airdrop apt resulted successful TON’s highest time of progressive users.
So, the aggravated web enactment near respective validators struggling to cleanable outdated transaction information from the database, starring to a nonaccomplishment of statement among validators. This inability to support synchronized records inadvertently disrupted the processing of caller transactions, bricking the blockchain network.
DOGS TON Transactions (Source: CryptoQuant)Meanwhile, crypto expert Maartun noted different spike successful enactment connected Aug. 29, erstwhile the web faced a dense load. During this period, an mean of 100 transactions were processed per artifact wrong seconds, with DOGS transactions comprising astir 35% of each transactions successful immoderate blocks.
The station Telegram’s TON blockchain hits 1 cardinal transactions aft memecoin chaos appeared archetypal connected CryptoSlate.
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