According to founder Pavel Durov, more than 1 million self-custodial wallets were created on Telegram within 48 hours. Users do not need to manually set up wallets; they activate automatically when someone sends them Grams. This mechanism removes traditional barriers to crypto adoption, such as managing seed phrases or downloading separate applications.

The milestone reflects Telegram's existing distribution advantage with over 1 billion monthly users. The Open Network (TON), which powers Telegram's wallet, averaged 4.06 million daily transactions in October. Stablecoin activity also expanded, with TON recording 37,693 daily stablecoin users in October, up 23.44% from September.

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