GRAM Climbs 8.4% as Durov Announces Native Wallet for Telegram

Telegram founder Pavel Durov announced on Tuesday that Telegram will ship a native non-custodial Gram wallet inside every Telegram app this summer. The announcement, made on his official Telegram channel, promises instant zero-fee transactions for over 1 billion users. GRAM climbed 8.4% in 24 hours following the post, trading near $1.53 with a $4.17 billion market cap. Durov framed the rollout as the largest deployment of a non-custodial crypto wallet in human history. The move follows the June 15 rebrand from Toncoin to GRAM, which received 81.22% community approval, and Telegram's May takeover of network development that cut transaction fees roughly sixfold.

Durov Announces Native Gram Wallet with Zero-Fee Transactions

Durov stated on his Telegram channel that the native wallet will deliver instant zero-fee crypto transactions for over a billion users. He wrote, "This summer will see the largest rollout of a non-custodial crypto wallet in human history. Instant zero-fee crypto transactions for over a billion users are about to become reality. We're bringing a native non-custodial Gram wallet to every Telegram app!"

Telegram users currently rely on a custodial wallet or the self-custodial TON Space add-on. The native wallet will place key ownership directly inside the core app. Durov described the rollout as a first for the industry.

GRAM Price Climbs 8.4% After Wallet Announcement

GRAM traded near $1.53, up 8.4% in 24 hours with a $4.17 billion market cap, per BeInCrypto Rankings. The token ranks 25th overall. The token remains down more than 54% over the past year.

Blockstream CEO Adam Back recently questioned GRAM's inflation mechanics after Durov compared the token favorably with Bitcoin (BTC).

Telegram Completed TON-to-GRAM Rebrand on June 15

The rebrand from Toncoin to GRAM took effect on June 15 with 81.22% community approval. Telegram launched an Apple Watch app during the rebrand. Telegram took over network development in May and cut transaction fees roughly sixfold.

Durov's announcement marks his most aggressive step yet toward making Gram the app's default currency.

FAQ

What did Pavel Durov announce on Tuesday? Pavel Durov announced on Tuesday that Telegram will ship a native non-custodial Gram wallet inside every Telegram app this summer, promising instant zero-fee transactions for over 1 billion users.

How did GRAM price react to the wallet announcement? GRAM traded near $1.53, up 8.4% in 24 hours with a $4.17 billion market cap following Durov's announcement on his official Telegram channel.

When did the TON-to-GRAM rebrand occur? The rebrand from Toncoin to GRAM took effect on June 15 with 81.22% community approval.