The Open Network (TON) network resumed block production after a seven-hour outage caused by the DOGS memecoin airdrop. The excessive transaction volume led to the network losing its consensus, and major exchanges temporarily halted transaction services. After the outage, TON requested validators to restart their nodes.
Main Cause of Outage
The Open Network (TON) network resumed block production after a seven-hour outage that started around 01:10 AM today. According to Tonscan data monitoring the network, transactions halted, and the network’s operation was completely disrupted during this outage. The primary cause of the outage was the DOGS memecoin airdrop. The DOGS airdrop overloaded the network and caused database cleanup issues for several validators. Consequently, the excessive load led to the network losing its consensus.
Urgent Call to Validators
To restart the TON network, validators were asked to restart their nodes. During this process, major cryptocurrency exchanges like Binance and Bybit temporarily halted deposit and withdrawal transactions related to the network.
Market Impact
The incident also caused a significant drop in Toncoin prices. After the Telegram CEO’s detention, Toncoin lost 18% of its value over the weekend, dropping to $5.11 during the outage and currently trading at $5.34. According to CoinMarketCap data, Toncoin has lost 20% of its value in the past week. The TON network experienced a major outage due to the excessive transaction volume triggered by the DOGS memecoin airdrop, negatively impacting both the network’s operation and Toncoin prices. While the network became active again with the intervention of validators, the market was significantly affected by this situation.
The Open Network (TON) faced a significant challenge due to the overload of transactions from the DOGS memecoin airdrop, negatively impacting both network operations and Toncoin’s value. Despite the network’s successful recovery, the market continues to feel the effects of this situation.
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