Researcher: 40% of Telegram's revenue comes from cryptocurrency-related sources

ChainCatcher news, DeFi researcher Ignas posted on the X platform stating that 40% of Telegram's revenue is related to cryptocurrency, including integrated wallets (for storing, sending, receiving, and trading cryptocurrencies) and the sale of digital collectibles (such as usernames and virtual phone numbers).

Overall, Telegram's revenue for 2023 is $342.5 million, but it still incurred a loss of $108 million by the end of the year. However, its balance sheet shows that it has nearly $400 million in cryptocurrency holdings (TON), which is more than the cash they hold.