The Open Network (TON), the blockchain network associated with Telegram, has surpassed 1 billion transactions, according to the report facts from TON API and aggregated by CryptoQuant community analyst Maartunn.
This achievement comes less than a week after the network experienced two major outages caused by the airdrop of the DOGS memecoin.
1 billion transaction
TON’s transaction volume has now surpassed 1.02 billion, highlighting its critical role in the broader blockchain ecosystem. Remarkably, half of these transactions took place in the last three months, highlighting the platform’s rapid growth and increasing user engagement.
TON has grown significantly in recent months thanks to its strategic partnership with Telegram, the popular messaging app with almost a billion users worldwide.
The network has benefited heavily from this integration to reach approximately 280,000 daily active users and process an average of 800,000 daily transactions, making it one of the most widely used blockchain networks.
In a recent report, crypto exchange Bybit stated that Telegram’s TON integration has the potential to replicate WeChat’s success and become the world’s next SuperApp with the new addition of Web3 capabilities.
How DOGs caused TON failures
CryptoSlateusing CryptoQuant data, noted that the two recent outages on the TON network were caused by the massive demand generated by the DOGS token airdrop. This increase led to a massive increase in transaction volume, with TON processing as many as 20 million transactions between August 27 and 29.
During this period, DOGS transactions accounted for more than 30% of the network’s total transactions. According to Tonstat, the memecoin has also pushed average transaction fees on the network to a six-month high facts.
Ian Wittkopp, head of TON Ventures, noted that the DOGS memecoin token airdrop likely resulted in TON’s highest day of active users.
So, due to the intense network activity, several validators struggled to remove outdated transaction data from the database, leading to a loss of consensus among validators. This inability to maintain synchronized data inadvertently disrupted the processing of new transactions, blocking the blockchain network.
Meanwhile, crypto analyst Maarun noticed a new spike in activity on August 29, when the network was under heavy load. During this period, an average of 100 transactions per block were processed within seconds, with DOGS transactions accounting for approximately 35% of all transactions in some blocks.