Telegram's native Gram Wallet, which began rolling out to a select group of users on August 31, is picking up pace. Over 700K self-custodial wallets were created on the platform in the last 48 hours alone.

More than 700,000 new self-custodial wallets appeared on Telegram in just two days.

The growth is driven by the wallet's design: a wallet activates automatically the moment its owner receives Grams, so every transfer to a new user can onboard another holder. The wallet is powered by a smart contract approved by validators, which allows future upgrades without migrations.

With a user base of over one billion, Telegram is one of the largest distribution channels for non-custodial crypto. The pace of activations shows how quickly peer-to-peer transfers can spread wallet adoption inside a messenger.