TON Coin Faces Network Congestion as DOGS Airdrop Overwhelms Blockchain

• TON Coin’s value rises with the expanding ecosystem and upcoming Hamster Kombat airdrop.
• Telegram’s integration with TON blockchain bridges Web2 and Web3 for 700M monthly users.
• TON faces network congestion due to DOGS airdrop, prompting a review to enhance stability.

TON Coin, the native cryptocurrency of The Open Network (TON) blockchain, is garnering significant attention within the crypto community. A key driver behind this interest is the rapid expansion of the TON ecosystem, including the launch of tap-to-earn games that are captivating users. 

Notably, the DOGS project recently executed a large-scale airdrop, and another major airdrop from Hamster Kombat is on the horizon. These developments highlight the potential for substantial growth in the value of TON Coin as its blockchain ecosystem continues to evolve.

Originating from Telegram, the widely-used encrypted messaging app, TON Coin is more than just a cryptocurrency; it is integral to the broader TON ecosystem. Serving as the native token for The Open Network blockchain, TON Coin plays a crucial role in facilitating transactions and operations within the network. 

With Telegram boasting approximately 700 million monthly users, the integration of the TON wallet into its mini app is helping to bridge the gap between Web2 and Web3. This integration is further evidenced by the launch of notable tokens like Notcoin and DOGS on the TON blockchain. 

Additionally, the upcoming token generation event for the Hamster Kombat game is poised to further solidify TON’s position in the market.

As of now, TON Coin has achieved a prominent position in the cryptocurrency market, ranking 9th in terms of market capitalization.

With a market cap of $13.9 billion, the coin is currently trading at $5.49, reflecting a 2.15% decrease from the previous day’s price. The trading volume has also seen a significant drop of around 76% in the last 24 hours, largely attributed to network congestion issues.

The TON Blockchain recently faced a rare challenge due to an unexpected surge in on-chain activity. This spike, driven by the DOGS airdrop, led to a temporary lag in the network, with over 67,000 transactions per second overwhelming the system and causing a six-hour halt. 

In response, the TON Blockchain’s official account on X (formerly Twitter) requested validators to submit data to assess the network’s capacity to handle such loads in the future. 

This initiative aims to enhance the performance and stability of the blockchain, ensuring its readiness for continued growth.