The TON blockchain faced over three hours of downtime, likely due to the surge of transactions caused by the popular new memecoin DOGS, raising concerns about network stability.
TON's failure to produce blocks reflects significant issues, disrupting not only network stability but also leading to transaction delays and potential security risks due to very high network activity.
In comparison, Solana had a similar experience in February, where it failed to create blocks for over five hours, which resulted in sharp sell pressure on its native token.
Bybit decided to temporarily halt withdrawals and deposits due to TON's network issues, highlighting worsened transactions per second and the repercussions of its network's instability.
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