Telegram Reports 718,080 New Self-Custodial Wallets in 48 Hours

718,080 self-custodial wallets were created on Telegram over a 48-hour period, according to a Nov. 9 screenshot shared by Telegram founder Pavel Durov, who described the additions as “more than 700,000 self-custodial wallets.”

The image showed 333,188 new wallets for the day displayed. The source does not identify that day’s date, and the figure formed part of the two-day total rather than an addition to 718,080.

What did the 48-hour figure measure?

The report measures wallet creation on Telegram’s messaging platform. It does not measure distinct users, Grams receipts or transaction volume, three separate measures needed to determine how widely the wallets were used.

Durov said: “A wallet activates when a user receives Grams.” Under that rule, wallet creation and wallet activation are not the same event for purposes of the screenshot, because the report did not say how many new wallets received Grams during the measured period.

The 718,080 wallets therefore should not be presented as 718,080 active wallets. Nor can the total establish how many individuals created them: Telegram’s figure counts wallets, not distinct users.

Transaction data was absent as well. Without it, the screenshot does not show how many people used the wallets, how many transfers they made or how much value moved through them.

What does the daily count add?

The 333,188 line offers a partial daily view inside the 48-hour window. It identifies the volume shown for one day, while the source does not provide a separate figure for the other day. Readers should not add the daily line to the headline total.

Neither number identifies the duration represented by the displayed day beyond its placement within the 48-hour window. The source also provides no comparison period, so it does not establish whether the creation pace was above or below Telegram’s prior activity.

For Telegram, the immediate operational takeaway is a high rate of wallet provisioning across two days. The screenshot does not identify what drove the activity or establish whether the pace continued, so it cannot support a trend claim.

That distinction matters for business interpretation. A newly provisioned wallet may remain outside the active set until a user receives Grams, under Durov’s stated activation rule. The evidence cited supports a setup metric, not a measure of asset receipt or transfers.

The screenshot does not provide wallet addresses, a chain-level transaction record or a method for deduplicating users. The report also cites no blockchain, token standard or independent on-chain reconciliation. The figure is therefore a founder-reported product metric rather than a flow-of-funds measure.

What would turn creation into evidence of use?

The next checkpoint is Grams receipt. If Telegram or Durov reports how many of the newly created wallets receive Grams, that would establish how many moved from setup to activation. Transaction totals would then be needed to measure economic use beyond receipt.

Until those disclosures appear, the 718,080 figure is best treated as a count of newly created Telegram self-custodial wallets, while the 333,188 figure describes one displayed day within the same 48-hour period. The next meaningful disclosure is activation and transfer data, not another undifferentiated creation total.