Messaging platform, WhatsApp’s biggest rival from Telegram New data about their income has emerged. It was seen that despite the detention of Pavel Durov and the accusations, the company went through a very successful period.

While Telegram significantly increased its revenue, close to making an annual profit for the first time. The company’s cryptocurrency, Toncoin, also had a significant impact on the revenue increase.

Sales increased 190% to $525 million

According to BlockBeats, financial data documents show that Telegram’s revenues will increase in the first half of 2024. for $525 million showed he was gone. This is compared with the same period in 2023 up to an increase of 190% It coincides.

A significant part of this income from Toncoin comes from his successful achievements. So this amount $225 million all around. Although the value of the cryptocurrency has fallen off and on since early 2024 More than 3x increase showed. At the time of writing this news, the stock is trading at $6.12.

It must be said that the value of Telegram’s total digital assets has also increased. This value, which was around 400 million at the end of last year, will increase by mid-2024. $1.3 billion It has reached a level like .

Finally, it should be underlined that the company is approaching profits for the first time. Technology giant in the first half of the year To make a profit of about $335 million He succeeded. If we make a comparison to explain how much growth it has experienced, it generated $342 million in revenue in all of 2023.