Toncoin Network Locked Up! What's Happening? It Was Announced That This Altcoin Is The Reason!

The TON (The Open Network) blockchain has seen unprecedented activity since the DOGS community initiated the on-chain claim process.

According to a recent statement from TON, the current processing speed for these requests has reached 150,000 transactions per minute. The platform is preparing for a comprehensive stress test involving up to 10 million users trading simultaneously.

However, the surge in activity has not come without its challenges. Binance recently announced that its TON network upgrade took longer than expected, leading to the temporary suspension of TON token deposits and withdrawals.

Telegram Wallet has also reported complications following the DOGS token launch. The surge in transactions has led to service outages across several cryptocurrency exchanges and broken certain wallet functions. While the team is working to resolve these issues, the Wallet’s swap feature in particular is currently unavailable.

Popular crypto exchange Bybit also experienced outages. The platform noted that a surge in user activity temporarily affected its app, but services have since been fully restored.

Despite the clarifications from these platforms, users continue to voice their concerns online. One Reddit user expressed his disappointment: “I traded my DOGS for USDT about 4 hours ago and now all my DOGS are gone without any USDT. They said I would get my USDT in a while but it’s been a really long time. What’s going on?”

*This is not investment advice.