Telegram starts rolling out Gram Wallet, designed to support potentially hundreds of millions
TON Strategy (TONX) approved two TON network upgrades: Config -123 for Telegram's Gram Wallet and Config 30 for network throughput. Gram Wallet, now rolling out, uses a validator-governed smart contract architecture, supporting features like key rotation and potential future upgrades. Config 30 aims to increase network throughput by up to 30%. TONX shares fell 3.24% post-announcement.
How this was made
The 30-second read
Why it matters
The network upgrades aim to improve scalability and enable seamless wallet updates, but the immediate stock reaction was negative.
Market read
The announcement introduces new infrastructure for a major messaging platform's crypto wallet, affecting TONX and the broader crypto infrastructure sector.
What to watch
Potential regulatory scrutiny of Telegram's crypto activities could dampen long‑term upside.
Background
Telegram is rolling out its native Gram Wallet, backed by TON network upgrades voted on by TON Strategy.
Ticker impact
TON Strategy (NASDAQ:TONX) voted for two TON network upgrades enabling Telegram's Gram Wallet, causing a 3.24% share decline.
Potential rebound if wallet adoption accelerates; short‑term downside risk remains.
Upgrade announcements are new but the micro‑cap's stock moved down on the news, indicating traders view the impact as uncertain.
Market effects
Highlights growing infrastructure support for blockchain wallets, relevant for crypto‑related service providers.
Primarily affects US‑listed micro‑cap and broader crypto ecosystem; limited broader market effect.
Shows Telegram's move into native crypto, a signal for global digital asset adoption trends.
Counterpoint
The upgrades may not translate into user adoption quickly, keeping pressure on TONX shares.
Key entities
- CompanyTON Strategy Company
Digital asset treasury firm (NASDAQ:TONX) supporting The Open Network.
- PlatformTelegram
Messaging app launching the Gram Wallet.



