3 weeks ago
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The Open Network (TON) has announced that its network is back online and “producing blocks normally.”
On August 27, the TON blockchain halted block production amid massive congestion, with the distribution of meme coin Dogs (DOGS) largely seen as the cause.
The outage lasted several hours, with TON posting on X an update that indicated the team and validators were working on restoring operations.
TON outage due to ‘abnormal load’
As a network that’s boosted the web3 ecosystem on Telegram, TON blockchain has seen huge growth in recent months.
While the burst in digital footprint via tap-to-earn games and in-app developments saw TON and the native cryptocurrency Toncoin (TON) soar, the recent launch of DOGS has seen a major disruption.
Exchanges such as Binance and Bybit reported network issues in relation to the DOGS token on TON network.
This appears to have intensified on Tuesday to see The Open Network chain halt block production.
According to TON’s update, the outage resulted from an “abnormal load” that hit the network and impacted many validators.
“Several validators are unable to clean the database of old transactions, which has led to losing the consensus,” the platform posted on X.
With block production paused, TON Core urged validators to look at a potential restart around 4am UTC on Wednesday.
The latest announcement was that consensus had been reestablished and the network was working normally.
TON is now producing blocks normally! We are back online. dton.io
Toncoin dives alongside top altcoins
Amid the TON network outage and negative news around Telegram CEO Pavel Durov, the Toncoin (TON) token nosedived.
Most of the losses followed Durov’s arrest in France, with Toncoin diving more than 20% to hit lows of $5.30 on August 25. The altcoin changed hands above $6.80 a day earlier and above $7.15 in mid-August.
During this latest downturn, TON price dropped further as French prosecutors formally charged the Telegram founder.
Bears pushed Toncoin to under $5.09 before a slight recovery to $5.6 as Bitcoin and the broader crypto market recorded a brief bounce.
However, Toncoin dipped again as Bitcoin retraced to near $58k, a scenario that saw TON touch $5.15. These losses also coincided with the TON blockchain’s extended outage.
After the network returned online and BTC flipped above $59k, Toncoin recouped some of its earlier losses to trade around $5.52 at the time of writing.
Despite this, Toincoin remains more than 17% down in the past week.
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