Telegram Activates 1M Self-Custodial Wallets in 48 Hours, TON Daily Transactions Hit 4.06M

According to Telegram founder Pavel Durov, over 1 million self-custodial wallets activated on the messaging platform within 48 hours. Wallets are activated automatically when users receive Grams, eliminating the need for manual setup. The milestone demonstrates Telegram's distribution advantage: its native wallet operates inside an app with over 1 billion monthly users, removing adoption barriers like seed phrase management and separate application downloads.

TON blockchain activity expanded throughout October, averaging 4.06 million daily transactions and adding approximately 2.73 million wallets—the strongest monthly addition since October 2024. Stablecoin activity surged 23.44% to 37,693 daily users, suggesting growing payment utility beyond speculation. TON's stablecoin supply totaled $585 million, while decentralized finance total value locked stood at approximately $44 million.

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