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Market News

Telegram Hits 950M Users As Crypto Game Surge

Written By Iyiola Adrian
Published 2024-07-23·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle
Telegram Hits 950M Users As Crypto Game Surge

Pavel Durov, the founder and CEO of Telegram, has announced that Telegram now has 950 million monthly active users, up from 900 million in the spring. Durov had earlier credited this surge to the increasing popularity of games on the telegrams.

These games use The Open Network (TON), a blockchain system initially developed by Telegram but later handed over to outside developers as an open-source project. 

Tweet of Telegram CEO, Pavel Durov
Telegram CEO, Pavel Durov announces 950M monthly active users | Source: X

The gaming trend began with Notcoin (NOT), a simple game where players tap to earn in-game coins with the promise of future crypto rewards. This game attracted millions of users who wanted to convert their virtual coins into NOT tokens on TON.

The NOT token was officially launched in May 2024 after getting support from major exchanges like Binance and OKX, making it the biggest gaming token event of the year.

Hamster Kombat, another popular game with a similar tap-to-earn mechanic, has also gained widespread popularity. With its engaging gameplay and various reward options, the game reached 100 million users by June.

Hamster Kombat has even attracted the attention of the Iranian government, which is concerned that it might distract voters from the presidential election. Earlier this month, Hamster Kombat had 239 million users, and it now the game is currently played by more than 250 million players.

Following the success of Notcoin and Hamster Kombat, many new crypto games have appeared on Telegram. Some, like Yescoin, TapSwap, and Catizen, are planning to launch their own cryptocurrencies on TON.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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