Wallet in Telegram, a third-party cryptocurrency wallet Mini App on Telegram, is set to expand its custodial crypto services, adding at least 50 new cryptocurrencies and launching an earn feature for users.

The Open Platform (TOP), the largest venture builder in The Open Network (TON) ecosystem, which manages Wallet in Telegram as one of its portfolio businesses, announced the rollout of the next wallet generation on March 13, introducing a wide range of new features.

With the rollout, Wallet in Telegram will add at least 50 new crypto assets, including major cryptocurrencies Ether (ETH) and XRP (XRP), as well as memecoins like Dogecoin (DOGE) and Pepe (PEPE), a spokesperson for Wallet told Cointelegraph.

Source: Wallet in Telegram

Wallet’s new generation is set to be rolled out within the next two months and will also introduce an “Earn” feature, which will allow users to gain yields on assets including Tether’s USDt (USDT).

Initial rollout limited to in-app transactions

Initially, Wallet users will be able to buy, sell and hold non-TON tokens without onchain deposits or withdrawals, meaning altcoin transactions to other wallets and exchanges will not be allowed.

“The current stage of the rollout is only available for in-app transactions for non-TON tokens,” Wallet’s spokesperson said, adding that the altcoin option is only available for trading within the custodial wallet. The spokesperson added:

“We focus primarily on the TON Ecosystem and maintain a full range of operations for TON-native tokens within the custodial Wallet. At the same time, we see consumer interest in expanding the portfolio with other assets and want to provide them with such an option in trade-only mode.”

“The list of tokens is not final yet, as it will be rolling out gradually within the next two months,” the spokesperson said, adding that the first release will feature 50 assets, with a full list now being finalized.

Wallet’s Earn: Minimum deposit is 0.1 TON

In addition to expanding Wallet with a large number of altcoins, TOP is working to introduce the new “Trade” section and the “Earn” section.

Starting with Toncoin (TON), the first Earn campaign will provide a “flexible yield” on TON deposits, with a minimum deposit amount of 0.1 TON.

“The yield is generated from TON staking,” the spokesperson for Wallet said.

In addition to Toncoin, Wallet plans to expand the earn offering to more altcoins and stablecoins, including Tether’s USDt (USDT), the announcement stated.

This is a developing story, and further information will be added as it becomes available.

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The average Ethereum gas fee has dropped by 95% in the year following the Dencun upgrade, one of Ethereum’s most significant network improvements.

On March 13, 2024, Ethereum’s Dencun upgrade was rolled out. The upgrade combined the Cancun upgrade on the execution layer and the Deneb upgrade on the consensus layer. It also introduced nine Ethereum Improvement Proposals (EIPs).

The primary goal was to enhance Ethereum’s scalability and reduce transaction costs for layer-2 networks. According to YCharts data, Ethereum’s average gas fee has fallen from 72 gwei in 2024 to just 2.7 gwei as of March 12, 2025.

Last year, an average swap cost users $86 in fees, while non-fungible token sales averaged $145 in gas fees. At the time of writing, Etherscan data showed that an average swap would cost $0.39, while an NFT sale would average $0.65.  

Ethereum average gas fee. Source: YCharts 

Ether price has dropped 53% since the Dencun Upgrade

Despite the sharp drop in gas fees, Ether (ETH) price has declined by 53% since the Dencun upgrade.

During the upgrade in March 2024, ETH was trading above $4,070. One year later, as of March 13, 2025, ETH was valued at around $1,891, according to CoinGecko data.

Ether’s 1-year price chart. Source: CoinGecko

In a statement sent to Cointelegraph, Dominik Harz, the co-founder of hybrid layer-2 Build on Bitcoin (BOB), said Ethereum has “underperformed” recently:

“Monday’s price drop erased all DeFi TVL gains since Trump’s election. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the industry is searching for a new, more sustainable and secure frontier for DeFi.” 

Related: More than 50% of validators signal to increase ETH gas limit

Upcoming Pectra upgrade sees hiccups

On March 5, Ethereum’s next major upgrade, Pectra, rolled out on its final testnet, Sepolia. However, the team started seeing error messages and empty blocks being mined.

Ethereum developer Marius van der Wijden confirmed that a fix was deployed, but an unknown user later triggered the same error, leading to further issues. The development team has since managed to stabilize the testnet and successfully process transactions.

Harz said that while these testnet issues are “disrupting the mainnet launch,” they are far from Ethereum’s biggest problems. The executive said that once Pectra goes live, it will double the available data space for layer-2s, reduce costs and increase execution capacity. 

“While that’s a step in the right direction, the reality is that Ethereum is quickly losing its position as the go-to chain for builders, and Pectra isn’t the fix-all solution to its deeper issues,” Harz said. 

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Over $1.67 billion exited US spot Bitcoin and Ether exchange-traded funds (ETFs) in March, but investors stopped the bleeding by bringing in $13.3 million on March 12 as the BTC market price inched closer to $85,000.

As of March 12, spot Bitcoin ETFs had attracted $35.4 million worth of inflows spread across two days, according to Farside Investors data. On the other hand, spot Ether ETFs recorded inflows on just one occasion, bringing in $14.6 million on March 4.

Spot Bitcoin ETF daily flow data. Source: Farside Investors

Bitcoin ETFs break outflow streak with $13.3 million inflow

According to Sosovalue, the cumulative net inflows of BTC ETFs confirmed the recent $13.3 million inflow on March 12, signaling a pause in Bitcoin’s ETF outflows.

The total value of the trades that day for Bitcoin ETFs amounted to $2.01 billion, its lowest daily value since Feb. 20. The inflows were contributed by three BTC funds: BlackRock’s iShares Bitcoin Trust (IBIT), the ARK 21Shares Bitcoin ETF (ARKB) and the Grayscale Bitcoin Mini Trust ETF (BTC).

Daily flow of investments into spot Bitcoin ETFs. Source: Sosovalue

On the Ethereum side, the one day of inflows saw contributions from the Fidelity Ethereum Fund (FETH), Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE) and the Grayscale Ethereum Mini Trust (ETH).

Spot Ether ETF daily flow data. Source: Farside Investors

Market downturn and geopolitical tensions drive ETF outflows

The broader market downturn and macroeconomic uncertainties have contributed to the ETF outflows, driven by geopolitical tensions, trade wars and bearish investor sentiment.

Related: Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinShares

Analysts say that the lack of concrete implementation or unmet expectations regarding President Donald Trump’s Strategic Bitcoin Reserve plan has also exacerbated selling pressure.

Despite Bitcoin maintaining levels above $80,000, market watchers warned that the upcoming European Union retaliatory tariffs could introduce greater volatility, further influencing Bitcoin’s price trajectory.

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