The TON blockchain faced a nearly six-hour outage due to a surge in network traffic, particularly from the DOGS memecoin airdrop, disrupting transactions and market stability.
Despite the network instability, toncoin reclaimed some of its losses, indicating resilience as it rebounded 2% post-outage to trade around $5.51.
MakerDAO announced a rebranding to 'Sky' and plans to introduce new tokens, USDS and SKY, while retaining the old DAI and MKR tokens for holders.
The DOGS memecoin airdrop, carried out by the Ton Foundation to raise awareness about Telegram CEO Pavel Durov's arrest, contributed to the network outage.
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