According to Telegram founder Pavel Durov, the messaging platform's native wallet gained more than 1 million self-custodial wallets within 48 hours. Wallets activate automatically when users receive Grams, eliminating the need for manual setup. Durov announced the milestone on X, emphasizing Telegram's distribution advantage: with over 1 billion monthly users, the wallet operates inside an app millions already use daily, unlike standalone crypto applications that take years to build comparable audiences.

The milestone reflects broader activity growth on The Open Network (TON), Telegram's underlying blockchain. TON averaged 4.06 million daily transactions in October and added approximately 2.73 million wallets throughout the month—its strongest monthly growth since October 2024. Stablecoin daily active users on TON increased 23.44% month-over-month to 37,693 in October, suggesting expanding utility beyond token speculation.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.