TON Blockchain Surges to 46 Million Transactions Amid DOGS Airdrop Hype

TON blockchain saw a remarkable 46 million transactions last week, spurred by the DOGS airdrop.

The TON blockchain witnessed an unprecedented surge in activity, processing over 46 million transactions within a week. This massive increase was primarily driven by the enthusiasm surrounding the DOGS airdrop, according to data from IntoTheBlock.

The TON blockchain processed over 46 million transactions last week, driven by the excitement surrounding the $DOGS airdrop. pic.twitter.com/Iu0yCKMkVX

— IntoTheBlock (@intotheblock) September 2, 2024

TON Blockchain Faces Challenges Amid Record Activity

TON’s ecosystem experienced a significant uptick in user engagement, as participants rushed to capitalize on the airdrop, pushing transaction volumes to new heights. However, this development came on the heels of two network outages, each lasting over 12 hours.
These disruptions were triggered by an unusual spike in transactions linked to the meme coin’s airdrop, which garnered widespread attention. The subsequent network overload led to a loss of consensus among validators.

For those unfamiliar with DOGS, the meme coin was inspired by Telegram founder Pavel Durov’s pet dog, Spotty. As part of the airdrop campaign, 440 billion tokens out of a total supply of 550 billion were distributed.

DOGS has been listed on several major crypto exchanges, including Binance, Bybit, OKX, Bitget, and Gate. Despite these listings, the token has experienced a decline of over 10% in the past 24 hours and is currently trading at $0.0011.

Interestingly, the listing of DOGS on these exchanges coincided with Durov’s recent arrest in Paris. A Paris court charged Durov with aiding in the spread of child sexual abuse images on Telegram, along with other alleged offenses.
While Durov managed to avoid jail by posting a €5 million ($5.5 million) bail, he has been required to surrender his three passports—French, Saint Kitts and Nevis, and Russian.

In response to growing criticisms from free-speech advocates, French President Emmanuel Macron clarified that he was unaware of Durov’s visit to France and emphasized that the arrest was an “independent decision” by the French judicial system.

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