According to founder Pavel Durov, Telegram activated more than 1 million self-custodial wallets within 48 hours. Users' wallets automatically activate when they receive Grams, eliminating the need to manually create accounts or understand seed phrases before transacting on-chain. This mechanism removes traditional barriers to crypto adoption.

Telegram's native wallet benefits from the platform's 1 billion monthly users, giving it a distribution advantage standalone crypto applications must spend years building. Data from October showed The Open Network (TON), the blockchain powering Telegram's wallet, averaged 4.06 million daily transactions and added approximately 2.73 million wallets. Stablecoin daily active users rose 23.44% to 37,693 in October, suggesting growing payment utility beyond token speculation.

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