Telegram Adds 718,080 Self-Custodial Wallets in 48 Hours, Durov Says

Telegram founder Pavel Durov said more than 700,000 self-custodial wallets were created on the messaging platform over 48 hours, offering a snapshot of activity in its crypto wallet.

A screenshot Durov shared Nov. 9 showed 718,080 new wallets across the two-day period. It showed 333,188 for the day displayed. That daily figure is part of the 48-hour total.

Durov said a wallet activates when a user receives Grams. The creation figures do not specify how many of those wallets received Grams during the period.

The totals count wallets, not distinct users. They also do not include transaction volume, so they do not show how many people used the wallets or how much they transferred.