Telegram founder Pavel Durov reported that more than 1 million self-custodial crypto wallets were created on the messaging platform within a 48-hour period, according to an X post accompanied by dashboard data. The wallets activate automatically when users receive Grams, eliminating the need for manual wallet creation. This growth milestone highlights Telegram's distribution advantage in the crypto sector, as the platform operates wallets inside an application already used daily by more than 1 billion monthly users, removing traditional barriers such as downloading separate apps or navigating exchanges.
Durov Reports Automatic Wallet Activation Mechanism
Pavel Durov's X post showed dashboard data confirming more than 1 million wallet registrations across the 48-hour period. According to Durov, users do not need to manually create a wallet before receiving crypto. Wallets activate when someone sends them Grams. This creates a viral distribution mechanism where one user sends tokens to another, introducing the recipient to an on-chain wallet. The recipient can then hold or transfer assets without leaving Telegram. New users do not need to understand seed phrases, download separate applications, or navigate an exchange, as Telegram already provides the social environment where these transactions can begin.
TON Blockchain Records 4.06 Million Daily Transactions in October
The Open Network (TON), the blockchain powering Telegram's wallet, averaged 4.06 million daily transactions during October. The network added approximately 2.73 million wallets throughout the month, its strongest monthly addition since October 2024. TON's decentralized finance total value locked remained at approximately $44 million. The transaction volume and wallet additions indicate expanding activity across the TON blockchain beyond the wallet creation milestone.
Stablecoin Users Increase 23.44% on TON Network
TON averaged 37,693 daily stablecoin users in October, representing a 23.44% increase from September. TON's stablecoin supply stood at $585 million. The stablecoin activity points toward usage beyond token speculation, as payments and transfers provide practical applications for Telegram's crypto infrastructure. The stablecoin metrics indicate growing utility in everyday digital interactions on the platform.
FAQ
How many crypto wallets were created on Telegram in 48 hours?
More than 1 million self-custodial wallets were created on Telegram within a 48-hour period, according to Pavel Durov's X post and accompanying dashboard data.
How do Telegram crypto wallets activate?
Telegram crypto wallets activate automatically when users receive Grams, eliminating the need for manual wallet creation before receiving cryptocurrency.
What was TON's daily transaction volume in October?
The Open Network (TON) averaged 4.06 million daily transactions during October, and the network added approximately 2.73 million wallets throughout the month.
