In a groundbreaking move for decentralized finance, STON.fi Dev has secured $9.5 million in Series A funding to supercharge the TON DeFi ecosystem. This investment, led by Ribbit Capital and CoinFund, marks a pivotal moment for blockchain innovation.
Why STON.fi’s Funding Matters for TON DeFi
The $9.5 million injection will accelerate three key developments:
- Concentrated liquidity pools for improved capital efficiency
- Native limit order functionality
- Cross-chain capabilities through Omniston protocol
TON Blockchain’s Leading Decentralized Exchange
STON.fi dominates TON’s trading activity with:
| Metric | Value |
|---|---|
| Trading Volume | $6B+ |
| Transactions | 27M+ |
| Market Share | ~80% |
What Ribbit Capital and CoinFund See in STON.fi
Alex Felix of CoinFund describes STON.fi as “the gravitational center of TON’s DeFi activity,” highlighting its potential to redefine blockchain infrastructure at scale.
The Future of Cross-Chain DeFi on TON
With this funding, STON.fi aims to solve critical challenges in DeFi:
- Scalability for mass adoption
- Interoperability across chains
- User experience improvements
The Series A round not only validates STON.fi’s position as TON’s DeFi foundation but sets the stage for cross-chain innovation that could reshape decentralized finance standards.
FAQs
What is STON.fi?
STON.fi is the leading decentralized exchange on the TON blockchain, handling 80% of the network’s trading volume.
Who invested in STON.fi’s Series A?
The round was led by Ribbit Capital and CoinFund, with participation from Delphi Ventures and TON Ventures.
What will the funding be used for?
Funds will develop liquidity solutions, limit orders, and cross-chain capabilities through Omniston protocol.
How successful has STON.fi been so far?
The platform has processed $6B+ across 27M+ transactions since its 2022 launch.
What makes TON DeFi different?
TON’s integration with Telegram provides unique access to millions of potential users.
