The TON blockchain stopped producing blocks in the morning on Wednesday.
The network resumed producing blocks in the early afternoon Hong Kong time after a nearly six-hour outage.
This downtime might have been a result of a new memecoin called DOGS crashing the network.
Toncoin (TON), the native token of the TON blockchain, has resumed producing new blocks after a nearly six-hour outage caused by a surge in network traffic.
A blockchain not producing blocks for an extended period of time is concerning because it disrupts network stability, potentially leading to security risks and transaction delays. These crashes are uncommon with blockchains, but do occur during times of high network activity.
In an earlier post on X, the official TON blockchain account had written that the “issue is occurring due to the abnormal load currently on TON.”
“Several validators are unable to clean the database of old transactions, which has led to losing the consensus,” the team explained.
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, and some observers pointed out that the network struggled to catch up to meet demand with its transactions per seconds (TPS) coming 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).
Bybit announced that as a result of TON’s network halting block production it was temporarily suspending withdrawals and deposits citing network instability, according to a post by Wu Blockchain.
Recently the CEO of Telegram, Pavel Durov, was arrested in France which caused the price of TON to plunge. 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.
UPDATE (August 28, 06:00 UTC): Updates as the TON blockchain has resumed operation.
