The Open Community (TON), the blockchain community related to Telegram, has surpassed 1 billion transactions, in accordance with information from TON API and aggregated by CryptoQuant group analyst Maartunn.
This achievement comes lower than per 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 exceeded 1.02 billion, emphasizing its crucial position within the broader blockchain ecosystem. Remarkably, half of those transactions occurred inside the final three months, highlighting the platform’s speedy development and rising person engagement.
TON has grown considerably in latest months due to its strategic partnership with Telegram, the favored messaging app with virtually one billion customers globally.
The community has closely capitalized on this integration to succeed in roughly 280,000 every day energetic customers and course of a median of 800,000 every day transactions, making it one of the crucial closely adopted blockchain networks.
In a latest report, crypto change Bybit acknowledged that Telegram’s TON integration has the potential to copy WeChat’s success and develop into the world’s subsequent SuperApp with the novel addition of Web3 capabilities.
How DOGs brought about TON outages
CryptoSlate, utilizing CryptoQuant information, noticed that the two latest outages on the TON community have been attributable to the large demand generated by the DOGS token airdrop. This surge led to an enormous enhance in transaction quantity, with TON processing an astonishing 20 million transactions between Aug. 27 and 29.
Throughout this era, DOGS transactions accounted for over 30% of the community’s whole transactions. The memecoin additionally drove the typical transaction payment on the community to a six-month excessive, in accordance with Tonstat information.
Ian Wittkopp, head of TON Ventures, famous that the DOGS memecoin token airdrop probably resulted in TON’s highest day of energetic customers.
So, the extreme community exercise left a number of validators struggling to wash outdated transaction information from the database, resulting in a lack of consensus amongst validators. This lack of ability to keep up synchronized information inadvertently disrupted the processing of recent transactions, bricking the blockchain community.
In the meantime, crypto analyst Maartun famous one other spike in exercise on Aug. 29, when the community confronted a heavy load. Throughout this era, a median of 100 transactions have been processed per block inside seconds, with DOGS transactions comprising round 35% of all transactions in some blocks.