Telegram Activates 1M Self-Custodial Wallets in 48 Hours, Auto-Creating Accounts on Token Receipt

According to Pavel Durov, Telegram activated more than 1 million self-custodial wallets within 48 hours, with wallets automatically created when users receive Grams. The milestone demonstrates Telegram's distribution advantage: unlike standalone crypto applications, its wallet operates within a platform used by over one billion monthly users.

The Open Network (TON), the blockchain powering Telegram's wallet, averaged 4.06 million daily transactions in October and added approximately 2.73 million wallets throughout the month. Stablecoin daily users grew 23.44% to 37,693, indicating increasing activity beyond token speculation. TON's stablecoin supply reached $585 million.

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