Telegram founder Pavel Durov announced that more than 1 million self-custodial wallets were created on the messaging platform within a 48-hour period. The growth resulted from an auto-activation feature that creates wallets automatically when users receive Grams, Telegram's native cryptocurrency. The milestone demonstrates Telegram's distribution advantage in the crypto sector, as the wallet operates within an application already used daily by more than 1 billion monthly users, eliminating the need for separate app downloads or manual wallet setup processes that traditional crypto platforms require.
Telegram Wallets Auto-Activate When Users Receive Grams
Durov reported the wallet milestone in an X post accompanied by a dashboard showing more than 1 million registrations across the 48-hour period. According to Durov, users do not need to manually create a wallet before receiving crypto. Their wallets activate automatically when someone sends them Grams. This mechanism creates a viral distribution model where one user sending tokens to another introduces the recipient to an on-chain wallet. The recipient can then hold or transfer assets without leaving Telegram. The approach removes barriers including seed phrase management, separate application downloads, and exchange navigation that typically confront new crypto users.
TON Network Records 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 stood at approximately $44 million. The transaction volume and wallet growth figures indicate expanding activity beyond the initial wallet registration milestone Durov announced.
Stablecoin Users Increase 23.44% From September to October
TON averaged 37,693 daily stablecoin users in October, representing a 23.44% increase from September. The network's stablecoin supply stood at $585 million. The stablecoin activity metrics point toward utility beyond token speculation, as payments and transfers provide practical applications for Telegram's crypto integration. The stablecoin user growth occurred alongside the broader wallet expansion across the TON network during October.
FAQ
How many crypto wallets did Telegram add in 48 hours?
Telegram added more than 1 million self-custodial wallets within a 48-hour period, as announced by founder Pavel Durov.
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 cryptocurrency.
What were TON's daily transaction volumes in October?
The Open Network (TON) averaged 4.06 million daily transactions during October, with approximately 2.73 million wallets added throughout the month.
