The launch of the NOTCOIN (DOGS) token on The Open Network (TON) has led to unprecedented network congestion, causing transaction delays and temporary service suspensions across multiple major cryptocurrency exchanges and wallet services.
Network Congestion and Performance Impact
TON community channels reported that the on-chain claiming process for DOGS tokens initiated a massive surge in network activity. The network is currently processing approximately 150,000 requests per minute, with expectations that this rate could increase further. This event is effectively stress-testing the TON network's capacity, pushing it toward handling transactions for up to 10 million simultaneous users. As a result, users may experience slightly longer than usual transaction processing times.
Exchange and Wallet Service Disruptions
The network strain has had a ripple effect, impacting services that rely on the TON blockchain.
Leading global cryptocurrency exchange Binance issued an announcement stating that the upgrade process for the TON network is taking longer than initially anticipated. Consequently, deposit and withdrawal services for TON tokens remain temporarily suspended. The exchange has assured users that its technical team is working diligently to restore full functionality.
Similarly, Telegram Wallet, a popular integrated service, notified its users that the high demand from the DOGS release has caused performance issues. The wallet's exchange (swap) feature is currently unavailable. Their development team is prioritizing the restoration of normal trading and peer-to-peer (P2P) functionalities and has promised to notify users once services are fully resumed.
Other platforms like Bybit also experienced temporary interruptions to their application and web platform due to a massive spike in user activity during the token launch event. The exchange confirmed that its systems are now fully operational and advised users to refresh their apps or browsers if they encounter any access difficulties.
This incident highlights the challenges blockchain networks can face when hosting highly anticipated token launches or airdrops, where sudden, massive user engagement can test the limits of network scalability.
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Frequently Asked Questions
What caused the TON network to become overloaded?
The primary cause was the launch and on-chain claiming process for the DOGS token. This event generated an enormous volume of transactions—reaching 150,000 per minute—which exceeded the network's typical processing capacity, leading to congestion and delays.
Which services were affected by this network congestion?
The congestion had a widespread impact. Major crypto exchanges like Binance and Bybit temporarily suspended TON deposits and withdrawals. Wallet services, specifically Telegram Wallet, also faced disruptions, with its exchange functionality becoming temporarily unavailable.
Is my funds safe during this network congestion?
Network congestion primarily affects transaction speed and processing times, not the security of the underlying blockchain. Funds remain secure in your wallet. However, always ensure you are using official websites and applications to avoid phishing scams that often emerge during such high-profile events.
How long will it take for services to return to normal?
The estimated time for full normalization varies. While some platforms like Bybit have reported a full recovery, others are still working on solutions. Users should monitor official announcements from their respective exchanges and wallet providers for the most accurate and timely updates.
What can I do if my transaction is stuck?
If a transaction is delayed due to network congestion, the best course of action is usually to wait patiently. The network will process it once congestion eases. Avoid attempting to resend the transaction multiple times, as this can exacerbate the problem. Check the blockchain explorer for your transaction status.
Can this happen again with other token launches?
Yes, similar network congestion can occur during any highly anticipated event on a blockchain, such as a major token launch, airdrop, or NFT mint. It is a common scalability challenge that networks continuously work to improve through upgrades and optimizations.