Telegram generated more than 1 million self-custodial crypto wallets within 48 hours, founder Pavel Durov announced in an X post. The wallets activate automatically when users receive Grams, removing manual setup barriers. This growth reflects Telegram's distribution advantage in crypto adoption: the wallet operates inside a messaging platform with more than 1 billion monthly users, eliminating the need for standalone app downloads that traditional crypto wallets require.
Telegram Wallets Activate Automatically When Users Receive Grams
Durov reported more than 1 million new self-custodial wallets over 48 hours in an X post. The dashboard accompanying his announcement showed more than 1 million registrations across the period. Users do not need to manually create a wallet before receiving crypto. Their wallets activate when someone sends them Grams. 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. This approach removes several barriers: new users do not need to understand seed phrases, download separate applications, or navigate an exchange. Telegram already provides the social environment where these transactions can begin.
TON Network Averaged 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 also 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 network's stablecoin supply stood at $585 million today.
Stablecoin Users on TON Increased 23.44% in October
TON averaged 37,693 daily stablecoin users in October, representing a 23.44% increase from September. The stablecoin figures point toward activity beyond token speculation. Payments and transfers could give Telegram crypto a more practical role in everyday digital interactions. Payments, stablecoin transfers, digital collectibles, and Telegram's mini-app ecosystem could provide reasons to return.
FAQ
How many Telegram crypto wallets were created in 48 hours?
More than 1 million self-custodial wallets appeared on Telegram within 48 hours, according to founder Pavel Durov's X post.
How do Telegram wallets activate?
Telegram wallets activate automatically when users receive Grams. Users do not need to manually create a wallet before receiving crypto.
What were TON's October network metrics?
TON averaged 4.06 million daily transactions in October, added approximately 2.73 million wallets, and averaged 37,693 daily stablecoin users (a 23.44% increase from September).
