The Open Community (TON) is going through one other block manufacturing halt after practically six hours of downtime skilled earlier in the present day.
Based on on-chain information, the most recent block was produced 4 hours in the past.
In an X put up, the official TON profile attributed the disruption to the minting of DOGS, a token distributed to Telegram customers as a reward. Moreover, the put up said 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 every day energetic person 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.
Vital year-to-date development
The TON ecosystem has proven important development in 2024. The full worth locked (TVL) on the community peaked at $1.1 billion on July 1, based on DefiLlama information.
Regardless of the stoop in TVL registered in August, TON’s roughly $580 million in TVL continues to be 665% larger than it was on Jan. 1.
Furthermore, TON’s year-to-date exercise additionally grew considerably. DappRadar’s information 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.
Probably 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 practically 463,000 UAW in the identical interval.
Notably, Catizen was accountable for propelling TON to the spot of the eighth-largest blockchain by every day common UAW, based on DappRadar. TON reached 196,000 every day common UAW final month.
These developments have 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 at the moment holds a 134% year-to-date improve after reaching a peak of 250% development on June 14.