Telegram Records 714,844 New Self-Custodial Wallets in 48 Hours

Telegram recorded 714,844 new self-custodial crypto wallets in 48 hours, founder Pavel Durov said on November 9. A dashboard he shared on X showed 329,952 registrations that day. He credited the growth to a feature that activates wallets when users receive Gram tokens.

Telegram’s in-app wallet, Money, gives users direct control over their funds. It supports GRAM transfers and lets users pay for gifts and collectible usernames with the token.

How Telegram Wallet Expanded Access Through TON

The company announced the integration in July and began a limited rollout on August 31. It expanded access in October. Telegram reports more than one billion monthly users.

The wallet runs on The Open Network. In June, the network renamed Toncoin to Gram after 81.22% of votes backed the change. Existing balances, addresses, and staking positions carried over.

TON Wallet Activity and DeFi Liquidity Trends

The Gram blockchain explorer tracks Telegram registrations separately from active addresses. It requires an on-chain transaction to count a wallet as active.

In a November 6 analysis, market researcher Ismail Rustamov put active TON wallets at about 282,000 over 24 hours. He estimated the monthly count at 2.2 million. The network handled about 5 million transactions per day, he said.

Rustamov also put the value locked in TON’s decentralized finance apps at about $42.9 million. That figure stood at $92 million in May. He estimated daily trading on decentralized exchanges at $2.7 million.