Durov Says Crypto Revolution Is Strong as Telegram Adds 700,000 Wallets

Telegram crypto wallets
Table of Contents

TL;DR:

  • Telegram registered over 700,000 self-custodial wallet activations in a 48-hour period, as reported by its founder Pavel Durov.
  • The adoption mechanism operates automatically at the moment users receive Gram token transfers within the platform.
  • Daily figures reached a peak of more than 330,000 created addresses in a single day, framed within the rollout of The Open Network ecosystem.

Pavel Durov, CEO of Telegram, stated that digital asset adoption maintains a solid pace, after the massive activation of over 700,000 self-custodial wallets was recorded within a 48-hour span. The Telegram founder used his official channels to indicate that this growth reflects a remarkable acceleration in user interaction with the decentralized tools integrated into the messaging service.

The growth dynamics respond directly to the onboarding architecture implemented for Gram tokens—previously known as Toncoin within The Open Network (TON) infrastructure. Technical data from the protocol indicates that wallets are automatically configured and activated the exact instant a user receives their first token transfer, eliminating common technical frictions in initial setup processes.

This native viralization mechanism facilitated the daily volume of new addresses to exceed 330,000 registrations in a single day during the deployment peak. The expansion occurs following a series of operational modifications introduced to the TON network throughout the year, aimed at optimizing scalability and reducing transaction fees within the messaging application environment.

Telegram crypto wallets

The rollout of custody tools and the TON ecosystem

The increase in the adoption of self-custodial wallets aligns with the platform’s strategy to consolidate decentralized financial services directly within standard chat windows. Unlike centralized custody mini-programs managed by auxiliary bots—which exceed millions of accumulated users—the new native wallet infrastructure grants absolute control of private keys to the end user.

However, industry experts indicate that the massive creation of addresses operates independently from locked liquidity volumes and sustained commercial activity in secondary markets. Data from DeFi tracking platforms indicate that, despite the rebound in wallet activations, the total value locked (TVL) in the network’s smart contracts remains at moderate levels compared to other main-layer networks.

Likewise, the regulatory and geographic context continues to shape the scope of the tool. Advanced functions of the native wallet operate under specific restrictions in certain jurisdictions, such as the US market, where access to certain components of the digital asset interface remains limited.

On the asset front, in international markets the price of the Gram token fluctuates constantly, remaining distant from the historical highs reached in previous cryptocurrency market valuation cycles. Ecosystem developers and network validators remain focused on improving the stability of the underlying infrastructure while evaluating the long-term behavior of new users onboarded through the chat interfaces.

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