Telegram added more than 1 million self-custodial crypto wallets within 48 hours, founder Pavel Durov announced in an X post. The wallets activate automatically when users receive Grams, eliminating manual setup requirements. The growth demonstrates Telegram's distribution advantage in crypto: its native wallet operates inside a messaging application with more than 1 billion monthly users, providing immediate access to an existing audience of crypto traders, project founders, and blockchain communities.
Telegram Wallets Activate Automatically When Users Receive Grams
Pavel Durov reported more than 1 million new self-custodial wallets over 48 hours in an X post. The dashboard accompanying his announcement showed more than 1 million registrations across the period. According to Durov, users do not need to manually create a wallet before receiving crypto. Their wallets activate when someone sends them Grams. One user sends tokens to another, introducing the recipient to an on-chain wallet. The recipient can then hold or transfer assets without leaving Telegram. This approach removes barriers including seed phrase management, separate application downloads, and exchange navigation. Telegram already provides the social environment where these transactions can begin.
TON Network Averaged 4.06 Million Daily Transactions in October
The Open Network (TON), the blockchain powering Telegram's wallet, averaged 4.06 million daily transactions during October. The network also added approximately 2.73 million wallets throughout the month, its strongest monthly addition since October 2024. TON's decentralized finance total value locked remained at approximately $44 million. The network's stablecoin supply stood at $585 million today.
Stablecoin Users Increased 23.44% From September to October
TON averaged 37,693 daily stablecoin users in October, representing a 23.44% increase from September. The stablecoin activity indicates utility beyond token speculation. Payments, stablecoin transfers, digital collectibles, and Telegram's mini-app ecosystem provide transaction use cases within the messaging platform.
FAQ
How do Telegram crypto wallets activate?
Telegram wallets activate automatically when users receive Grams. Users do not need to manually create a wallet before receiving crypto — the wallet appears when someone sends them tokens.
How many wallets did TON add in October?
TON added approximately 2.73 million wallets throughout October, its strongest monthly addition since October 2024. The network averaged 4.06 million daily transactions during the same month.
