Telegram wallet announces TON network is fully operational after second outage
Telegram Wallet has announced in a recent post that the TON network is now up and running after the second outage that caused TON blockchain transactions to be paused.
TON network is seemingly under stress due to the overwhelming stress from DOGS transactions. The network stopped processing transactions for almost four hours yesterday. Exchanges like Bybit even suspended deposits and withdrawals via the TON network because of this.
The TON Foundation dev tweeted that the outage was caused by network overload due to DOGS transactions. Following the first outage, the network faced a second outage a few hours ago. Telegram Wallet announced that TON blockchain transactions were paused.
TON network is now fully operational
After nearly five hours since the network outage announcement, Telegram put out another post that the TON network is now fully operational. âTON-based asset withdrawals and deposits in Wallet will be credited in due course,â the announcement reads.
Interestingly, while the overall crypto market is bleeding, Toncoin is showing positive momentum. Even though Pavel Durovâs arrest caused the price of TON to plummet, the price seems to be recovering slowly.
TONâs price dropped to the $5.15 level yesterday after the first network outage. However, TON is back above $5.60 as the network has resumed transactions after its second outage. CoinGecko data shows that TON is up by over 7% in the last 24 hours.
Toncoin recorded an all time high of $8.25 in June. The network was showing great progression, mainly due to the rising popularity of Notcoin, Hamster Kombat and now DOGS. TON foundation dev Justin tweeted that âChain being stress tested just means there that much activity on it. Onwards and upwards.â
Different meaning of "we're so back" đ https://t.co/i03loRXjkl
Chain being stress tested just means there that much activity on it. Onwards and upwards.
Durov freed by tonight?
â Justin (@maverickqe)Â August 28, 2024
DOGS price pumps.
