Telegram added more than 1 million self-custodial wallets within 48 hours, founder Pavel Durov announced in an X post. The wallets activate automatically when users receive Grams, eliminating the need for manual wallet creation. Telegram's integration of crypto wallets into its messaging platform—used by more than 1 billion monthly users—provides a distribution advantage over standalone crypto applications that require separate downloads and onboarding processes.
Telegram Activates Wallets Automatically Upon Receiving Grams
Pavel Durov reported more than 1 million new self-custodial wallets over 48 hours in an X post. According to Durov, users do not need to manually create a wallet before receiving crypto. Their wallets activate when someone sends them Grams. This creates a viral distribution mechanism where 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. The dashboard accompanying Durov's announcement showed more than 1 million registrations across the 48-hour period. This approach removes several barriers to crypto adoption—new users do not need to understand seed phrases, download separate applications, or navigate an exchange before receiving tokens.
TON Blockchain 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 October metrics indicate expanding activity across the network beyond the recent 48-hour wallet surge reported by Durov.
TON 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. TON's stablecoin supply stood at $585 million. The stablecoin figures point toward activity beyond token speculation, including payments and transfers. Stablecoin activity could give Telegram crypto a more practical role in everyday digital interactions, as payments, stablecoin transfers, digital collectibles, and Telegram's mini-app ecosystem provide reasons for users to return to the platform's blockchain features.
FAQ
How many crypto wallets did Telegram add in 48 hours?
Telegram added more than 1 million self-custodial wallets within 48 hours, according to founder Pavel Durov's X post.
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.
What were TON blockchain's October metrics?
TON averaged 4.06 million daily transactions during October and added approximately 2.73 million wallets throughout the month. TON averaged 37,693 daily stablecoin users in October, a 23.44% increase from September.
