News View Non-AMP

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

Published by
Zameer Attar

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 ’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.

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

Does Toncoin have a future?

Yes, with the upcoming bull run for the Layer-1 projects, this #10th position altcoin is expected to outperform major cryptocurrencies during the coming time.

How high will the TON price reach by the year 2025?

The Toncoin (TON) price may reach a high of $16.65 by the end of the year 2025.

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Elon Musk Unveils XChat with Bitcoin-Style Encryption

Elon Musk has introduced XChat, a new messaging feature on X (formerly Twitter) focused on…

June 2, 2025

Shiba Inu (SHIB) Price Shows Oversold Status, Whales Bet $560,000 On Viral Altcoin

SHIB’s price is stuck, and investors are moving on. Sell-offs have picked up, and weak…

June 2, 2025

Crypto Regulations in Hong Kong 2025

As of 2025, Hong Kong has secured its place as one of the leading crypto…

June 2, 2025

Altseason & Golden Cross Confirmed: 4 Altcoins to Buy Now

As June kicks off, the crypto market is starting to stir. Bitcoin’s supply on exchanges…

June 2, 2025

Metaplanet Boosts Bitcoin Stack to 8,888 BTC with $117M Buy

Metaplanet has strengthened its Bitcoin position with a fresh purchase of 1,088 BTC worth $117.3…

June 2, 2025

Top 5 Altcoins to Stack Now for 100x Gains

The crypto market is getting ready for its next big bull run in 2025, and…

June 2, 2025