According to TechFlow, DeFi researcher Ignas posted on the X platform that 40% of Telegram's revenue comes from cryptocurrency, including integrated wallets (storing, sending, receiving and trading cryptocurrencies) and selling digital collectibles (such as usernames and virtual phone numbers).
Overall, Telegram's revenue for 2023 is $342.5 million, but it still ended the year with a loss of $108 million. However, its balance sheet shows that it has nearly $400 million in cryptocurrency holdings (TON), which is more than the cash they hold.
