Crypto News
More than 1 million self-custodial Gram wallets were activated on Telegram in 48 hours, founder Pavel Durov said. Wallets activate automatically when users receive Grams, allowing recipients to hold or transfer assets within the messaging app. Durov also said GRAM rose 10% in 24 hours.
Why it matters
Telegram has more than 1 billion monthly users, giving its wallet access to an existing audience without requiring a separate app download. Sending Grams introduces recipients to an on-chain wallet through an interaction that begins in the messaging platform.
That distribution advantage is distinct from sustained adoption. Registrations show how quickly wallets can be created, but meaningful economic activity depends on whether recipients go on to use them.
Market impact
The Open Network, or TON, which powers Telegram's wallet, averaged 4.06 million daily transactions in October and added about 2.73 million wallets during the month, its strongest monthly increase since October 2024.
TON averaged 37,693 daily stablecoin users in October, up 23.44% from September. Stablecoin supply stood at $585 million, while decentralized finance total value locked was approximately $44 million. Those figures provide a measure of activity beyond wallet registrations.
Frequently asked questions
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How do Gram wallets activate on Telegram?
Pavel Durov said wallets activate automatically when users receive Grams. Recipients can then hold or transfer assets within Telegram.
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Why does Telegram have a wallet distribution advantage?
Telegram has more than 1 billion monthly users, and its wallet operates inside the messaging app rather than requiring a separate download.
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Do 1 million wallet activations establish sustained adoption?
No. Registrations show how quickly wallets can be created, but sustained adoption depends on whether recipients go on to use them.
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How active was TON in October?
TON averaged 4.06 million daily transactions and added approximately 2.73 million wallets in October, its strongest monthly wallet increase since October 2024.
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How did TON stablecoin activity change in October?
TON averaged 37,693 daily stablecoin users in October, up 23.44% from September. Its stablecoin supply stood at $585 million.
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