The update says the Lighter-powered trading platform reached the milestone over the past month as growth in the TON ecosystem (The Open Network blockchain) helped drive activity.
Telegram Wallet said it surpassed $1 billion in perpetual futures volume over the past month. The company attributed the increase to growth in the TON ecosystem (The Open Network blockchain). The platform, which is powered by Lighter, also highlighted zero-fee trading and transfers. The milestone points to rising derivatives activity inside messaging-linked crypto products, where perpetual futures (crypto contracts without expiry) are often used to gain leveraged market exposure without holding the underlying asset directly.