Telegram Expands DeFi Capabilities within App

The Telegram messaging app continues to expand its capabilities in the world of cryptocurrency and decentralized finance (DeFi). Recently, the company introduced a new feature that allows users to access DeFi services within the platform.

The TON Wallet, which is integrated into the Telegram app, enables users to earn interest on their cryptocurrency holdings without leaving the app. The feature uses the Morpho lending protocol and is available for Bitcoin, Ethereum, and USDT holders.

According to reports, the Telegram app has been working on integrating its massive user base with the TON ecosystem since 2024. While this integration has shown mixed results, with many users attracted by incentives but not remaining active in the TON ecosystem when rewards were reduced or discontinued.