It has transitioned from a strong uptrend to a correction phase following the blow-off top at 5,625. The strong decline indicates trend exhaustion, and currently, price is consolidating at 4,900, common during a distribution phase following a parabolic move.
The resistance levels are at 4,950-5,000 and 5,100+, while the major support is at 4,720; a break below will provide opportunities for a move to 4,540.
On January 31, multiple treasury and fee wallets of Step Finance were attacked by hackers, approximately 261,854 tokens $SOL {future}(SOLUSDT) were unstaked and transferred, worth about 30 million dollars. Step Finance's official statement said that an investigation into this attack is currently underway, and more information will be released later.
Bitroot's first high-performance parallel EVM AI public chain worldwide!
🎁 Gift Reminder! 🎁 Double tap ❤️, share 🔄, & forward! Help us reach 30K! 🎯 Type "8" in the comments to get your exclusive box – worth 500 $PEPE Don't forget to follow + like + share! Thank you! 🙌
1. Core Project Positioning and Technical Architecture
TON (The Open Network) is a Layer 1 blockchain primarily developed by Telegram, with a core positioning as a "decentralized internet infrastructure linking over a billion social users." Leveraging Telegram's base of over 1 billion monthly active users, it achieves seamless integration of social ecology and blockchain applications through low-threshold interactions and high-performance architecture, covering diverse scenarios such as payments, DeFi, NFT, and RWA tokenization.
1.1 Core Technical Features
- Performance and Consensus: Using the PoS consensus mechanism, the peak TPS reached 104,715 transactions per second in a public test verified by Certik in 2023, processing over 107 million transactions, making it one of the leading public chains in terms of performance; the number of validators is stable at 400 (distributed across 26 countries), requiring a stake of at least 30,000 TON to ensure network security while exhibiting slight centralization characteristics.