Telegram’s TON blockchain hits 1 billion transactions after DOGS memecoin chaos

The Open Community (TON), the blockchain community related to Telegram, has surpassed 1 billion transactions, in keeping with the report facts from TON API and aggregated by CryptoQuant group analyst Maartunn.

This achievement comes lower than every week after the community skilled two main outages attributable to the airdrop of the DOGS memecoin.

1 billion transaction

TON’s transaction quantity has now surpassed 1.02 billion, highlighting its essential position within the broader blockchain ecosystem. Remarkably, half of those transactions happened within the final three months, highlighting the platform’s speedy progress and growing person engagement.

TON has grown considerably in current months due to its strategic partnership with Telegram, the favored messaging app with nearly a billion customers worldwide.

The community has benefited closely from this integration to achieve roughly 280,000 every day energetic customers and course of a mean of 800,000 every day transactions, making it probably the most broadly used blockchain networks.

In a current report, crypto trade Bybit acknowledged that Telegram’s TON integration has the potential to copy WeChat’s success and change into the world’s subsequent SuperApp with the brand new addition of Web3 capabilities.

How DOGs triggered TON failures

CryptoSlateutilizing CryptoQuant knowledge, famous that the 2 current outages on the TON community have been attributable to the huge demand generated by the DOGS token airdrop. This improve led to an enormous improve in transaction quantity, with TON processing a whopping 20 million transactions between August 27 and 29.

Throughout this era, DOGS transactions accounted for greater than 30% of the community’s whole transactions. In line with Tonstat, the memecoin has additionally pushed common transaction charges on the community to a six-month excessive facts.

Ian Wittkopp, head of TON Ventures, famous that the DOGS memecoin token airdrop doubtless resulted in TON’s highest day of energetic customers.

So, as a result of intense community exercise, a number of validators struggled to take away outdated transaction knowledge from the database, resulting in a lack of consensus amongst validators. This incapability to keep up synchronized knowledge inadvertently disrupted the processing of latest transactions, blocking the blockchain community.

In the meantime, crypto analyst Maarun seen one other spike in exercise on August 29, when the community was underneath heavy load. Throughout this era, a mean of 100 transactions per block have been processed inside seconds, with DOGS transactions accounting for roughly 35% of all transactions in some blocks.

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