According to founder Pavel Durov, 1 million self-custodial wallets were activated on Telegram within 48 hours. Users' wallets automatically activate when they receive Grams, eliminating the need for manual wallet creation or separate app downloads. This mechanism creates a viral distribution model where one user sending tokens to another introduces the recipient to an on-chain wallet without leaving Telegram.
Activity across The Open Network (TON), Telegram's underlying blockchain, continued expanding in October. TON averaged 4.06 million daily transactions and added approximately 2.73 million wallets during the month—its strongest monthly growth since October 2024. Stablecoin daily users reached 37,693, up 23.44% from September, with total stablecoin supply at $585 million.