Telegram’s TON Blockchain Surpasses 1 Billion Total Transactions After DOGS Frenzy
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Telegram-linked blockchain The Open Network (TON) has surpassed 1 billion total transactions in the wake of a high-profile memecoin airdrop, which also caused two major network outages.
According to data from TON Scan, the network’s transaction volume has now exceeded 1.04 billion, with half of these transactions occurring in the past three months alone.
The rapid rise in the number of transactions indicates the growing engagement on the TON platform, supported by its integration with Telegram’s nearly 1 billion global users.
TON’s continued growth is largely attributed to recent developments, including the introduction of the W5 smart wallet standard.
The smart wallet standard, launched in collaboration with Tonkeeper, promises to deliver gasless transactions on TON blockchain.
In July, The Open Network Foundation also partnered with 1inch and Sign to launch the Web3 startup accelerator Triangle.
Subsequently, the TON Foundation introduced a Bitcoin bridge to solidify the platform’s vision of being a “blockchain of blockchains.”
In addition, Pantera Capital’s investment in The Open Network earlier this year has further fueled TON’s growth and development.
Despite this progress, the network faced challenges when the DOGS memecoin airdrop triggered two outages between August 27 and 29.
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