Telegram's crypto wallet recorded more than 1 million new self-custodial wallet registrations within a 48-hour period. Founder Pavel Durov announced the milestone in an X post, attributing the growth to an automatic activation feature that creates wallets when users receive Grams without requiring manual setup. The rapid adoption demonstrates Telegram's distribution advantage in crypto: unlike standalone wallet applications that must acquire users from scratch, Telegram's native wallet operates inside a messaging platform with more than 1 billion monthly active users already engaged in crypto communities, trading groups, and blockchain project discussions.
Telegram Activates Wallets Automatically When Users Receive Grams
Pavel Durov reported the wallet growth in an X post accompanied by a dashboard showing registration figures across the 48-hour period. According to Durov, users do not need to manually create a wallet before receiving crypto — their wallets activate when someone sends them Grams. This mechanism removes several barriers to crypto adoption: new users do not need to understand seed phrases, download separate applications, or navigate an exchange before holding or transferring assets. The recipient can manage assets without leaving Telegram. One user sending tokens to another introduces the recipient to an on-chain wallet, creating a viral distribution mechanism within the messaging platform's existing social environment.
TON Blockchain 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 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.
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. TON's stablecoin supply stood at $585 million. The stablecoin activity indicates usage beyond token speculation, pointing toward payments and transfers that could integrate blockchain transactions into everyday digital interactions through Telegram's mini-app ecosystem and messaging features.
FAQ
What did Telegram announce about its crypto wallet growth?
Telegram founder Pavel Durov announced that more than 1 million new self-custodial wallets were created on the platform within a 48-hour period, with wallets activating automatically when users receive Grams without requiring manual setup.
How many daily transactions did TON blockchain process in October?
The Open Network (TON) averaged 4.06 million daily transactions during October and added approximately 2.73 million wallets throughout the month.
What was the stablecoin user growth on TON in October?
TON averaged 37,693 daily stablecoin users in October, a 23.44% increase from September, with total stablecoin supply reaching $585 million.
