TON Network Recovers After Two Major Outages in 36 Hours

TON Network Faces 12 Hours of Downtime Amid DOGS Memecoin Surge

TON Network – The Open Network (TON) has successfully restored its services after experiencing two significant outages within 36 hours. The TON Community announced the network’s return to full functionality at around 1:00 am UTC on August 29 via the official TON Telegram group. The network had initially gone down at 7:17 pm on August 28. “TON network is fully operational!” the community chat declared, adding that withdrawals and deposits to TON wallets would be processed over the coming hours and days.

Surge in Activity Linked to DOGS Memecoin Causes Disruptions

The latest disruption lasted just over six hours, with TON attributing the issue to a surge in network activity due to the launch of a new TON-based memecoin, Dogs (DOGS). The network had first experienced an outage at approximately 11:00 pm UTC on August 27, halting block production for six hours before coming back online at around 5:30 am UTC on August 28. Both outages were linked to the DOGS memecoin by market observers and members of the TON Community, a claim later confirmed by official TON channels.

12 Hours of Downtime Sparks Concerns Over TON’s Reliability

In total, the TON network has experienced over 12 hours of downtime within the last 36 hours, a concerning statistic for the blockchain’s reliability. DOGS, officially introduced in July 2024 and launched on August 27, is a new memecoin on the TON blockchain, marketed as the “most Telegram-native memecoin.” Inspired by Spotty, the pet dog of Telegram founder and CEO Pavel Durov—who was arrested in France on August 24—the memecoin has generated significant network congestion. DOGS saw over $1.7 billion in trading volume within the first 10 hours of its launch.

Growing Interest in DOGS Despite Network Struggles

The official Dogs Telegram channel has amassed nearly 17 million subscribers in less than two months since the token was first proposed, illustrating the intense interest and activity surrounding the token. TON, the blockchain protocol integrated into the Telegram messaging platform, has stated that it will continue operating despite Durov’s arrest.

Toncoin Sees Modest Recovery Amid Market Uncertainty

Toncoin (TON), the native token of the TON network, has seen an 8% increase in value since the network came back online, with the token currently trading at $5.57 according to CoinGecko data. However, despite the brief rally following the restoration of network services, Toncoin has suffered a 17% drop in value over the past week, largely due to the negative impact of Durov’s arrest on market sentiment.

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