The Open Community (TON) is going through one other block manufacturing halt after almost six hours of downtime skilled earlier right now.
In accordance with on-chain knowledge, the newest 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 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 every day lively 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 similar to 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 overall worth locked (TVL) on the community peaked at $1.1 billion on July 1, in accordance with DefiLlama knowledge.
Regardless of the stoop in TVL registered in August, TON’s roughly $580 million in TVL remains to be 665% greater 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 lively wallets (UAW) and 337,820 transactions on April 26 to 236,380 UAW and 497,910 transactions 4 months later.
Essentially the most lively 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 recreation 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 every day common UAW, in accordance with DappRadar. TON reached 196,000 every 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% development on June 14.
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