TON Blockchain recorded over 46 million transactions last week, fueled by the DOGS airdrop hype, according to IntoTheBlock.
The surge in activity highlighted the interest in the TON ecosystem as users rushed to participate in the airdrop, resulting in record transaction volumes.
The TON network recently experienced two outages lasting over 12 hours, caused by a surge in transactions related to the meme coin airdrop.
DOGS was inspired by Telegram founder Pavel Durov’s dog and was released to the market. The campaign distributed 440 billion tokens out of a total of 550 billion.
DOGS was listed on several major crypto exchanges, including Binance, Bybit, OKX, Bitget, and Gate. However, its value has fallen over 10% in the last 24 hours to $0.0011.
These events followed Durov's arrest in Paris, where he was accused of helping to distribute child sexual abuse images via Telegram. Durov avoided jail time by posting €5 million bail, but was forced to surrender his passports.
French President Emmanuel Macron said he was unaware of Durov's trip and that his arrest was an independent decision by the country's judicial system.