The Open Community (TON) is going through one other block manufacturing halt after almost six hours of downtime skilled earlier in the present day.
In keeping with on-chain information, the most recent block was produced 4 hours in the past.
In an X submit, the official TON profile attributed the disruption to the minting of DOGS, a token distributed to Telegram customers as a reward. Moreover, the submit acknowledged that customers’ funds weren’t in danger.
TON Ventures head Ian Wittkopp shared on social media that over $550 million in DOGS was distributed to Telegram customers, ensuing within the largest each day energetic consumer rely in TON’s historical past.
Regardless of the outage of its blockchain, TON is down by only one% during the last 24 hours. In the meantime, different main crypto reminiscent of Bitcoin (BTC) and Ethereum (ETH) are tanking with 4.4% and a pair of.1% corrections in the identical interval, respectively.
Important year-to-date progress
The TON ecosystem has proven important progress in 2024. The whole worth locked (TVL) on the community peaked at $1.1 billion on July 1, in line with DefiLlama information.
Regardless of the droop in TVL registered in August, TON’s roughly $580 million in TVL remains to be 665% increased than it was on Jan. 1.
Furthermore, TON’s year-to-date exercise additionally grew considerably. DappRadar’s information reveals that the community jumped from 95,770 distinctive energetic wallets (UAW) and 337,820 transactions on April 26 to 236,380 UAW and 497,910 transactions 4 months later.
Essentially the most energetic functions on the community are the decentralized change Ston Fi, with over 476,000 UAW registered during the last 30 days, and the play-and-earn sport Catizen, which has proven almost 463,000 UAW in the identical interval.
Notably, Catizen was accountable for propelling TON to the spot of the eighth-largest blockchain by each day common UAW, in line with DappRadar. TON reached 196,000 each day common UAW final month.
These developments had been mirrored in TON’s year-to-date value efficiency. Regardless of the 17% crash over the previous seven days, the native token of The Open Community presently holds a 134% year-to-date improve after reaching a peak of 250% progress on June 14.
