Overview
- Telegram announced Tuesday that it will ship a native, non-custodial Gram wallet built into every Telegram client and aims to reach more than 1 billion users this summer.
- The wallet keeps private keys with users rather than with Telegram and will run on The Open Network, whose token was rebranded from Toncoin to Gram in June.
- Telegram says in‑app transfers will be instant and free, a model that removes friction but raises immediate questions about who will subsidize network fees or how the company might later monetize payments.
- Markets reacted within hours as GRAM jumped about 8% intraday, and near-term tests of the rollout include a scheduled 2.8 million GRAM unlock on July 27 and end‑of‑Q3 on‑chain usage metrics.
- Distribution is large but activation is the key test: TON today reports roughly 1.78 million monthly active wallets, so observers will watch whether embedded wallets convert Telegram users into sustained on‑chain activity.