The Open Community (TON) is going through one other block manufacturing halt after almost six hours of downtime skilled earlier in the present day.
In keeping 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 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 day by day energetic consumer depend in TON’s historical past.
Regardless of the outage of its blockchain, TON is down by only one% over the past 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 development
The TON ecosystem has proven important development in 2024. The entire worth locked (TVL) on the community peaked at $1.1 billion on July 1, in response to DefiLlama knowledge.
Regardless of the hunch in TVL registered in August, TON’s roughly $580 million in TVL remains to be 665% larger than it was on Jan. 1.
Furthermore, TON’s year-to-date exercise additionally grew considerably. DappRadar’s knowledge reveals 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 change Ston Fi, with over 476,000 UAW registered over the past 30 days, and the play-and-earn recreation Catizen, which has proven almost 463,000 UAW in the identical interval.
Notably, Catizen was chargeable for propelling TON to the spot of the eighth-largest blockchain by day by day common UAW, in response to DappRadar. TON reached 196,000 day by 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 enhance after reaching a peak of 250% development on June 14.
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