According to Pavel Durov, Telegram's native wallet reached 1 million self-custodial wallet registrations within 48 hours. The wallets activate automatically when users receive Grams, requiring no manual setup or seed phrase management. This auto-activation mechanism creates a viral distribution channel: when one user sends tokens to another, the recipient's wallet activates without additional steps, keeping all transactions within Telegram.

The milestone reflects broader growth across TON, the blockchain powering Telegram's wallet. In October, TON averaged 4.06 million daily transactions and added approximately 2.73 million wallets—its strongest monthly addition since October 2024. Stablecoin activity on TON increased 23.44% month-over-month, averaging 37,693 daily users.

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.