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The Toncoin (TON) network has been subject to increased drama over the past few weeks. Over the past month alone, TON dipped by 2%. This is a fairly dainty drop, considering Telegram’s Pavel Durov was arrested. It looks like this arrest did not bother the cryptocurrency community, which continued showing interest in the TON network through its price change and network activity. Also Read: 3.5 Million Weddings in India Could Push Gold Prices Higher in Nov-Dec Toncoin’s Recent Performance And Future Predictions Like the rest of the market, the altcoin surged nearly 3% over the last seven days. Following a slight setback at press time, TON was trading at $5.59. Source Increased Network Activity According to data from IntoTheBlock, the Toncoin network was recording increased activity. The total number of addresses in the network witnessed a major spike over the last couple of weeks, which was noticed during Durov’s arrest. Source Also Read: Q4 Price Analysis – Bitcoin, Et...

The Open Network (TON), formerly known as Telegram Open Network, has suffered a significant slowdown following a surge in activity that some have attributed to the launch of ‘inscriptions’ on TON. The TON Foundation released a ‘Technical Incident Report,’ which attempts to describe what occurred, attributing the slowdown to “over 3 million new transactions.”  TonStat, a website that provides TON data, currently shows approximately 2 million transactions on December 5 and an additional 800k on December 6. This was a significant increase from the approximately 266k transactions on December 4. The TON20 inscription similar to BRC20 caused the TON blockchain to generate more than 2 million transactions in half an hour, and the network usage increased by 61x. The TON network was severely congested and verification was delayed. Major wallets have temporarily suspended the… — Wu Blockchain (@WuBlockchain) December 7, 2023 Read more: Luke Dashjr ...

Base Network’s TLV takes a hit, falling to $445 million, as zkSync Era gains momentum, fueled by dynamics in USDC and market competition. Base Network’s Total Value Locked (TVL) has fallen dramatically by 16.92%, bottoming out at $445 million over the previous week. Base’s position has been ceded by layer-2 protocol zkSync Era, which now boasts a TVL of $477 million. L2Beat statistics revealed that a major contributing factor to the erosion in Base’s TVL was a sharp decrease in its USDC holdings, which plunged from 160 million to just 29.84 million on Sept. 29, as indicated by Dune Analytics data. However, Base Network has shown signs of resilience despite the drawbacks. In under a month, it not only recovered but outperformed Solana (SOL), another noteworthy player in the crypto space, by amassing a TVL close to $400 million. Concurrently, data from DeFi Llama suggests Solana’s TVL is also in decline, further emphasizing Base Network’s comeback. Yo...

According to a report by Polygon, they have harnessed the same robust infrastructure that powers YouTube and Gmail to fortify their network security. On September 29, Polygon Labs made a significant announcement – Google Cloud has officially joined the Polygon proof-of-stake network as a validator. Google Cloud is now part of an elite group of over 100 validator s, all engaged in verifying transactions within its layer-2 Ethereum network . Polygon Labs made the partnership official through a post on the X platform (formerly known as Twitter), stating: “The formidable infrastructure that underpins @YouTube and @gmail is now instrumental in enhancing the security and efficiency of the Ethereum-for-all Polygon protocol.” Validators within the Polygon network play a pivotal role in safeguarding its integrity. They achieve this by operating nodes, staking MATIC, and actively participating in proof-of-stake consensus mechanisms. The Google Cloud Singapore division confirmed...

The integration is built on DSNP, a protocol created by Project Liberty. Social network MeWe will integrate with the Frequency Blockchain network , a parachain of Polkadot, according to an April 26 announcement at Consensus 2023. The announcement added that the company will begin moving its users ’ accounts over to the network during this quarter. Just in from #Consensus 2023 - Polkadot parachain @one_frequency has announced a major partnership with social networking app @mewe to connect its 20 million users to Polkadot and the Social Web, giving each of them a social identity and full control over their own data. pic.twitter.com/O39RNtEhDy — Polkadot @ Consensus 2023 (@Polkadot) April 26, 2023 MeWe was launched in 2012 and has been touted as a “Facebook alternative” with allegedly better privacy protections. An Axios report in September stated that the network had over 20 million users. Frequency launched as a Polkadot parachain in November. At a Consensus 2023 panel calle...