The Open Community (TON) is dealing with one other block manufacturing halt after practically six hours of downtime skilled earlier at this time.
In accordance with on-chain knowledge, 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 day by day energetic consumer depend in TON’s historical past.
Regardless of the outage of its blockchain, TON is down by just one% during the last 24 hours. In the meantime, different main crypto resembling Bitcoin (BTC) and Ethereum (ETH) are tanking with 4.4% and a couple of.1% corrections in the identical interval, respectively.
Important year-to-date progress
The TON ecosystem has proven important progress in 2024. The full worth locked (TVL) on the community peaked at $1.1 billion on July 1, in keeping with DefiLlama knowledge.
Regardless of the hunch 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 knowledge exhibits 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 purposes on the community are the decentralized trade Ston Fi, with over 476,000 UAW registered during the last 30 days, and the play-and-earn recreation Catizen, which has proven practically 463,000 UAW in the identical interval.
Notably, Catizen was accountable for propelling TON to the spot of the eighth-largest blockchain by day by day common UAW, in keeping with DappRadar. TON reached 196,000 day by day common UAW final month.
These developments had been mirrored in TON’s year-to-date worth efficiency. Regardless of the 17% crash over the previous seven days, the native token of The Open Community at the moment holds a 134% year-to-date improve after reaching a peak of 250% progress on June 14.
