TON blockchain transaction volume reaches record 46 million amid DOGS airdrop frenzy

In keeping with the newest information shared by IntoTheBlock, the TON blockchain processed greater than 46 million transactions final week, and the thrill caused by the DOGS airdrop drove the substantial development of this transaction quantity.

This spectacular exercise highlights the rising curiosity and engagement throughout the TON ecosystem, with customers dashing to take part within the airdrop, driving transaction volumes to report ranges.

newest develop Just some days in the past, the TON community suffered two outages that lasted a complete of greater than 12 hours. as report Earlier, the problem was brought on by an uncommon surge in transactions associated to the memecoin airdrop, which generated vital curiosity. Subsequent community overload triggered validators to lose consensus.

For the uninitiated, DOGS was impressed and launched in the marketplace by Telegram founder Pavel Durov’s pet canine Spotty. Throughout this occasion, a complete of 440 billion of the 550 billion tokens had been distributed.

DOGS is listed on a number of prime cryptocurrency exchanges, together with Binance, Bybit, OKX, Bitget, and Gate. Regardless of this, it has misplaced over 10% of its worth up to now 24 hours and is presently buying and selling at $0.0011.

Apparently, the change itemizing of DOGS passed off instantly after Durov’s itemizing. arrest Final week in Paris. On Wednesday, a Paris court docket accused Durov of facilitating the distribution of kid sexual abuse photos, amongst a number of different alleged crimes on Telegram.

Though the 39-year-old tech government prevented jail by posting 5 million euros ($5.5 million) bail, he was compelled to surrender three passports – French, St. Kitts and Nevis and Russian.

Following mounting criticism from free speech advocates, French President Emmanuel Macron clarified that he was unaware of the circumstances surrounding Durov’s journey to France, including that his arrest was an “unbiased determination” made by the nation’s judicial system ”.