According to an X post by Pavel Durov, Telegram's self-custodial wallets surpassed 1 million registrations within 48 hours. Wallets activate automatically when users receive Grams, eliminating the need for manual setup. This viral distribution mechanism allows one user to introduce another to on-chain wallets through simple token transfers.

Activity across The Open Network (TON), which powers Telegram's wallet, expanded in October with 4.06 million daily transactions and approximately 2.73 million new wallets added throughout the month. Stablecoin daily users reached 37,693, up 23.44% from September, while TON's stablecoin supply stood at $585 million.

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