Telegram Reaches $1 Billion Revenue in 2024: What It Means for Users

The Telegram social network platform has grown exponentially in the past few years to achieve the first profitability in 2024 with a total revenue of over $1 billion. The gradual shift to blockchain technology through the TON network has played a crucial role in onboarding more users, close to 1 billion. 

Furthermore, Telegram has been monetizing its platform through giveaways, mini-apps, Telegram business, and an affiliate platform. With a cash reserve of more than $500 million excluding crypto assets, Telegram is well-positioned to grow exponentially in the coming years.

Regulatory Challenges Ahead?

Freedom of speech has become a key issue in many countries, particularly in the UK, Europe, and the US. Major social media platforms—including Elon Musk Elon Musk   Elon Musk is a well-known entrepreneur and inventor, widely recognized for his role in founding or leading several major companies, including Tesla, SpaceX, Neuralink, and The Boring Company. He’s also known for his ambitious goals around space exploration, electric vehicles, and the future of humanity.   Musk is often a polarizing figure, admired for his innovation and vision, while also drawing criticism for his management style and controversial statements. The U.S. became the primary base for Musk’s career, and the tech scene in California played a significant role in shaping his professional trajectory.     Personal Info:Organization: Ledger.Location: United States.Graduation: Musk earned two bachelor’s degrees, one from the College of Arts and Sciences in Physics and another from the Wharton School of Business. In Economics    Experience: Zip2 Corporation, Co-founder X.com and PayPal Co-Founder & CEO SpaceX CDEO & Chief Engineer Tesla. Inc. CEO, Product Architect Neuralink co-founder, CEO The Boring Company Founder, CEO   NAsales@teslamotors.com EntrepreneurInvestorChief Executive Officer ’s X, Meta apps, TikTok, and Telegram—have often clashed with regulators over privacy and content moderation.

Telegram has long been seen as a secure, privacy-focused platform, especially in its resistance to pressures from Russian authorities. However, this reputation took a hit in mid-2024 when its founder, Pavel Durov, was arrested in Paris. Soon after, Telegram updated its privacy policy to comply with certain government data requests.

According to 404 Media, Telegram responded to just 14 requests in the first nine months of 2024, affecting 108 users. However, from October to December, that number skyrocketed to 900 requests, impacting over 2,250 users

Reports from 404 Media reveal a sharp rise in government data requests to Telegram. In the first nine months of 2024, the platform handled just 14 requests affecting 108 users. However, from October to December, that number spiked to 900 requests, impacting over 2,250 users.

Toncoin Market Impact

Telegram’s shift with the global order will have a profound impact on the Toncoin ecosystem. The top-tier layer one (L1)  blockchain, with a fully diluted valuation of around $$269 million and a stablecoins market cap of around $1.41 billion, has grown in the recent past largely due to Telgaram’s mini apps led by Hamster Combat (HMSTR), Notcoin (NOT), Dogs (DOGS), among others.

However, legal scrutiny on Telegram could affect cash inflows to Toncoin in the short term. Additionally, reports indicate criminal groups, including Chinese syndicates in Southeast Asia, use Telegram to facilitate illegal activities worth between $27.4 billion and $36.5 billion annually.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to News

As Telegram adapts to increasing regulatory pressures, its actions will have a significant impact on the blockchain ecosystem, particularly Toncoin. The platform’s ability to balance user privacy, regulatory compliance, and growth will determine its future trajectory.

FAQs