Telegram founder Pavel Durov said more than 700,000 self-custodial wallets were created on the messaging app in the preceding 48 hours, as its native Gram Wallet brings transfers directly into the messenger interface.

“700K+ self-custodial wallets created on Telegram in the last 48 hours alone,” Durov wrote on his Telegram channel on Nov. 9. He described receiving funds as the trigger for activation: “A wallet activates the moment someone receives Grams.”

The distinction between creation and use matters for interpreting that growth. The Gram blockchain explorer’s Telegram wallet dashboard displayed 714,871 creations in its rolling 48-hour window when accessed on Nov. 9, but explicitly includes wallets without onchain transactions. It counts active wallets separately, requiring an onchain transaction. The creation figure therefore measures wallet setup, not the same number of wallets using the blockchain.

The wallet is built into Telegram rather than accessed as a separate app. TON’s official website describes it as a non-custodial wallet developed by the Telegram team that lets users transfer funds to each other and interact with bots and mini-apps. Gram is TON’s native coin, previously known as Toncoin.

Durov had announced an initial release to a select group of users, with a gradual rollout planned for Telegram’s broader user base. His latest statement describes creations during the last 48 hours, rather than identifying that period as the wallet’s first two days of availability.

The explorer also separates creation from holding funds: its dashboard showed 203,663 Telegram wallets with a balance across the tracked wallet population, not specifically among the wallets created during the latest 48 hours.