TON Network Outage: Impact on Toncoin (TON) Price

The outage reportedly led to a loss of consensus among validators, requiring them to restart the network to get it back up and running.

The recent outage on the TON blockchain network has had a noticeable impact on the Toncoin (TON) price and total volume. Here's a closer look at the latest updates:

After experiencing a brief network outage on Monday, TON has now restored operations. The outage reportedly led to a loss of consensus among validators, requiring them to restart the network to get it back up and running. By the time of the latest update, TON had resolved the issue and restored network operations.

The network downtime might shake user confidence, but TON's swift response and quick restoration could minimize any loss of trust. The quick resolution of the issue also lessens the perceived impact of the incident.

While networks like Solana (SOL) have also faced downtime in the past, TON has seen substantial growth, especially since late February. Daily transaction volumes peaked at $11.31 billion in July. Recently, the volume has averaged $7.81 billion as of Monday.

However, the recent outage appears to have significantly affected the total volume, which fell to $163.18 million in the past 24 hours.

Toncoin (TON) Price Today

Today, Toncoin (TON) is priced at $5.53, with a 24-hour trading volume of $2.51 billion. It has a market cap of $19.23 billion and a market dominance of 0.92%. In the past 24 hours, the price of TON has risen by 0.45%.

Toncoin reached its all-time high of $8.27 on June 15, 2024. Its all-time low was $0.523925 on September 21, 2021. Since its peak, the lowest price recorded was $4.86, and the highest price since then has been $7.25.

Currently, the sentiment for Toncoin's price prediction is bearish, and the Fear & Greed Index shows a score of 30 (Fear).

Toncoin (TON) Price Analysis

The circulating supply of Toncoin stands at 3.47 billion TON out of a maximum supply of 5 billion TON. The yearly inflation rate is 1.25%, indicating that 42.82 million TON were added to the supply in the last year.