Durov's Announcement Signals Major Crypto Push

Telegram founder Pavel Durov revealed that the messaging platform will introduce a native non-custodial wallet for Gram across all its applications this summer. The initiative targets Telegram's more than one billion monthly active users, positioning the feature as potentially the largest rollout of a self-custody crypto wallet to date.

Users will gain the ability to send and receive cryptocurrency instantly without transaction fees, all while maintaining full control of their private keys. The wallet integrates directly into the familiar chat interface, eliminating the need for separate applications or external services for basic transfers.

Distinction from Existing Features

The new wallet operates separately from Telegram's current custodial Wallet in Telegram product, which caters to users interested in trading and advanced asset management. The native non-custodial option emphasizes user sovereignty and seamless peer-to-peer payments within chats and channels.

This development builds on Telegram's deepening ties with The Open Network (TON). Earlier this year, the network rebranded its native token from Toncoin to Gram, reviving the original name from Telegram's 2018 blockchain project. Telegram has taken a more active role in network development, including serving as a major validator.

Market Reaction and Token Performance

Following Durov's announcement, Gram experienced a notable price increase, rising more than 8% in the 24 hours after the post to trade around $1.53. The token's market capitalization exceeded $4 billion amid heightened interest tied to the potential user adoption.

Background and Context

Telegram's renewed focus on crypto follows its earlier exit from the original TON project after a 2020 settlement with U.S. regulators. Independent developers continued the blockchain, which has since seen growing integration within the Telegram ecosystem, including payments for ads, creator rewards, and mini-apps.

The platform already supports various TON-based services, and the new wallet aims to lower barriers for mainstream users to engage with cryptocurrency through everyday messaging. Details regarding exact availability, supported assets beyond Gram, security measures, and how zero-fee transfers will be sustained remain to be clarified closer to launch.

Potential Implications for Adoption

By embedding self-custody functionality into an app used by billions, Telegram could accelerate crypto participation among non-specialist audiences. The combination of instant settlement and no fees addresses common pain points in blockchain transactions, potentially enabling new use cases for peer-to-peer value transfer.

Challenges ahead include ensuring robust security at scale, managing regulatory considerations across jurisdictions, and preventing scams in a high-visibility environment. The rollout's success will depend on user uptake and the platform's ability to deliver on the promised seamless experience.