eCash

Klaytn

Azuki

DOGS

Hype around the DOGS airdrop seems to have been too much for the TON blockchain after the network stopped processing new blocks for more than 7 hours, prompting community members to question the network’s true transactions per second (TPS) rate.
The outage was the result of a “network overload” due to the high number of <a href="https://insidebitcoins.com/news/dogs-price-plummets-22-as-traders-shift-focus-to-this-base-meme-coin-with-time-running-out" rel="noopener noreferrer nofollow">DOGS</a> transactions, TRON Foundation member Justin said in an Aug. 28 X <a href="https://x.com/maverickqe/status/1828632344497885678" rel="noopener noreferrer nofollow">post</a>. He added that the validators on the network became overwhelmed, causing them to lose consensus. Validators were subsequently called upon to restart at 4:00 UTC to restore consensus.
<img decoding="async" src="https://www.vanticatrading.com/wp-content/uploads/2023/11/Ton-blockchain-1-transformed-1-1.jpg" alt="TON is the Fastest Blockchain">
<h2 id="span-style-font-weight-400-ton-blockchain-stalled-below-its-theoretical-tps-span">TON Blockchain Stalled Below Its Theoretical TPS</h2>
Although transaction processing has <a href="https://tonscan.org/blocks" rel="noopener noreferrer nofollow">resumed</a> on the TON blockchain, community members are questioning why an outage was triggered with a transaction count far below TON’s claimed theoretical TPS rate of 55,000 transactions.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Looks like <a href="https://twitter.com/ton_blockchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ton_blockchain</a> failed stress test, as infrastructure crashes in DOGS airdrop.
 Only max of 280 TPS (transactions per second) reached. This is far less than earlier claimed theoretical 55,000 TPS. <a href="https://t.co/GrXb8OQWZo" rel="noopener noreferrer nofollow">https://t.co/GrXb8OQWZo</a> <a href="https://t.co/mMTELqRnMM" rel="noopener noreferrer nofollow">pic.twitter.com/mMTELqRnMM</a>
 — Mikko Ohtamaa (@moo9000) <a href="https://twitter.com/moo9000/status/1828115904225243302?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Mikko Ohtamaa said in an Aug. 28 X post that the TON blockchain “failed” its stress test. He pointed out that the network crashed when it reached 280 TPS. This, according to Ohtamaa, is “far less” than the 55,000 TPS the chain’s development team claimed the network could handle.
<h2 id="span-style-font-weight-400-dogs-makes-its-way-into-top-100-list-after-major-cex-listings-span">DOGS Makes Its Way Into Top 100 List After Major CEX Listings</h2>
The <a href="https://insidebitcoins.com/news/new-cryptocurrency-releases-listings-presales-today-devve-izumi-finance-dogs" rel="noopener noreferrer nofollow">DOGS</a> meme coin was launched on the TON blockchain on Aug. 27, and very quickly scored listings on major centralized exchanges including Binance and OKX. During its first day of trading, the meme coin was able to break into the top 100 cryptos list. It is currently ranked as the 91st biggest crypto in terms of <a href="https://coinmarketcap.com/currencies/dogs/" rel="noopener noreferrer nofollow">market cap</a>, with a total valuation of more than $630 million.
<img decoding="async" class="alignnone wp-image-569814" src="https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-28-080939-300x157.png" alt="DOGS" width="736" height="385" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-28-080939-300x157.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-28-080939-768x401.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-28-080939.png 792w" sizes="(max-width: 736px) 100vw, 736px">
DOGS in the top 100 cryptos list (Source: <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
Despite a more than 4% drop in price throughout the past 24 hours, the meme coin is still ranked above eCash (XEC) and below Klaytn (KLAY) in terms of market cap.
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TON Blockchain Stalls As DOGS Airdrop Overwhelms Network

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