TON Blockchain Grinds to a Standstill With No Blocks Produced for Over 3 Hours

The network has gone to the DOGS as it struggles to catch up with the popularity of a new TON memcoin.

The TON blockchain has ground to a standstill with no blocks being produced for over 3 hours, as the network struggles to keep up with the demand following a recent airdrop of the DOGS memecoin.

According to on-chain data, TONcoin (TON), the native token of the TON blockchain, is trading down 5% late Wednesday, with the protocol failing to produce a block in the last three hours.

A blockchain not producing blocks for an extended period of time is concerning, as it disrupts network stability, which could lead to potential security risks and transaction delays. These crashes are uncommon with blockchains, but do occur during times of high network activity.

For TON, a recent airdrop of the DOGS memecoin might have been the culprit, as the popularity of the token caused a surge in transactions on the network. Some observers pointed out that the network was struggling to keep up with the demand, with its transactions per second (TPS) coming in well under what was expected.

Solana experienced something similar in February when the chain failed to produce new blocks for over 5 hours, leading to significant sell pressure on its native token (SOL).

According to a post by Wu Blockchain, Bybit has announced that it was temporarily suspending withdrawals and deposits on TON due to the network halting block production, citing network instability.

Recently, Telegram CEO Pavel Durov was arrested in France, which caused the price of TON to drop. Telegram and TON are separate entities, even though one is often used with the other.

Before the blockchain froze, TON's price had bucked a broader market trend, trading up over the past 24 hours while other major cryptocurrencies fell 4% or more.

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