Key Takeaways
- TON recorded over 1 billion transactions, half of which occurred within the final three months.
- The DOGS memecoin airdrop considerably elevated TON’s every day transactions and person exercise.
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The Open Community (TON), the blockchain related to Telegram, has surpassed 1 billion complete transactions in response to knowledge from TON Scan. This milestone comes lower than every week after the community skilled two main outages associated to a memecoin airdrop.
TON’s transaction quantity has now exceeded 1.02 billion, with half of these transactions occurring in simply the final three months. This speedy development reveals the speedy improve in person engagement on the platform, which has leveraged its integration with Telegram’s practically 1 billion world customers.
Final month, TON Core and Tonkeeper launched the W5 sensible pockets commonplace, facilitating gasless transactions on the TON blockchain with USDT as transaction charges.
Earlier in Might, Pantera Capital invested in The Open Community to spice up its potential for widespread crypto adoption through Telegram’s in depth person base.
The community presently sees round 280,000 every day energetic customers and processes a mean of 800,000 transactions per day. A latest report by crypto trade Bybit prompt TON’s Telegram integration might permit it to copy WeChat’s success and turn into a “SuperApp” with Web3 capabilities.
Nonetheless, TON just lately confronted challenges when the DOGS memecoin airdrop brought about two associated community outages. Between August 27-29, TON processed 20 million transactions, with DOGS accounting for over 30% of exercise. This surge drove common transaction charges to six-month highs and sure resulted in TON’s highest day of energetic customers in response to Ian Wittkopp, head of TON Ventures.
The extraordinary exercise overwhelmed some validators, disrupting transaction processing and consensus. Crypto analyst Maartun suggests that in peak intervals, DOGS transactions comprised round 35% of all transactions in some blocks, with the community processing a mean of 100 transactions (per ensuing block) inside seconds.
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