According to Pavel Durov, Telegram's native wallet reached over 1 million self-custodial wallets within 48 hours, with users automatically activating wallets when receiving Grams. The feature eliminates manual wallet creation steps, creating a viral distribution mechanism as token transfers introduce recipients to on-chain assets without leaving the messaging app.
The Open Network (TON) powering Telegram's wallet averaged 4.06 million daily transactions in October and added approximately 2.73 million wallets throughout the month. Stablecoin activity surged, with TON averaging 37,693 daily stablecoin users in October, up 23.44% from September, indicating growing utility beyond speculation.