Telegram sees 700,000 new crypto wallets in 48 hours, Durov says

Telegram has recorded more than 700,000 new self-custodial cryptocurrency wallets over the past 48 hours, according to founder Pavel Durov, as the messaging platform continues expanding access to its native Gram Wallet. Summary Telegram founder Pavel Durov said more than 700,000 new crypto wallets were created within 48 hours, with 329,952 registrations recorded on November 9 alone. The growth was attributed to Gram Wallet’s automatic activation feature, which allows Telegram users to receive cryptocurrency without manually setting up a wallet. The latest registrations followed Telegram’s expansion of its native wallet service, which supports cryptocurrency transfers directly within the messaging application. Recent criticism has focused on whether the rise in wallet registrations is translating into active blockchain usage, with November analysis pointing to limited DeFi liquidity and relatively low active wallet participation. TON has faced concerns over network centralization following Telegram’s decision to take a more direct role in the blockchain’s development and become its largest validator. In a November 9 post on X, Durov said the number of newly created wallets had cross...