According to Telegram founder Pavel Durov, more than 1 million self-custodial wallets were activated on the platform within 48 hours. Wallets launch automatically when users receive Grams, eliminating the need for manual setup or separate app downloads.

The Open Network (TON), which powers Telegram's wallet, recorded 4.06 million daily transactions in October and onboarded approximately 2.73 million wallets throughout the month. Stablecoin activity on TON grew 23.44% month-over-month in October, reaching an average of 37,693 daily users. TON's stablecoin supply currently stands at $585 million, while decentralized finance total value locked reached $44 million.

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