Telegram Hits 500M Daily Active Users, Solidifying Position in Social Media Landscape

Telegram has reached 500 million daily active users, ranking fifth globally, and is particularly relevant to the crypto sector. Despite significant user growth, there is no immediate impact on blockchain assets or token values. Telegram's expansion highlights its influence on digital communication and related industries.

Telegram, with its 500 million daily active users, continues to expand its influence in the digital communication sector. While the platform's growth does not directly impact blockchain assets or token values, its integration with traditional finance is noteworthy. Through a partnership with Wallet in Telegram, xStocks, and US-based crypto exchange Kraken, Telegram is bringing tokenized equities directly into its messaging platform.

The new offering, announced at the Token2024 Singapore event, will allow users to access tokenized versions of US equities. Wallet in Telegram, a third-party crypto wallet app integrated into the Telegram ecosystem, will serve as the gateway for this new offering. By leveraging xStocks, which specializes in tokenized assets, and Kraken’s infrastructure, the platform aims to deliver seamless trading of tokenized stocks and ETFs. Users will be able to purchase fractions of these equities in digital form, opening access to markets that are typically less inclusive.

The partnership is expected to launch in late October, with over 100 million Telegram users gaining access to more than 60 tokenized US assets at launch. These will include major names such as Nvidia (NVDA), Tesla (TSLA), and MicroStrategy (MSTR), all backed by a 1:1 collateralization framework to ensure trust and transparency. One of the most notable features of this integration is fractional ownership, enabling users to purchase small portions of high-value stocks that might otherwise remain inaccessible. Trading will also be available 24 hours a day, five days a week, breaking away from the restrictions of traditional US market hours. This flexibility lowers barriers for global investors and represents a major step toward democratizing access to equities.

xStocks is set to become available on the TON blockchain in Q4, further cementing TON’s role as the foundation for Telegram’s growing financial ecosystem. By combining blockchain scalability, tokenization, and Telegram’s massive user base, the initiative has the potential to redefine how millions of people interact with traditional markets.

Despite Telegram's growth, the impact on crypto assets remains limited. Toncoin (TON), for instance, continues to trade around $2.80 after a modest rebound, but it remains locked in a prolonged downtrend since peaking above $8.50 in early 2024. The moving averages reinforce this picture, with TON well below its 50-period, 100-period, and 200-period moving averages. The inability to reclaim these levels underscores weak momentum and the dominance of bears in the market. Support continues to cluster near $2.50–$2.70, where buyers have stepped in repeatedly over the past months.