Today, our favorite ston.fi, the leading DEX on the TON blockchain, announces a funding round led by CoinFund. Delphi Ventures, Karatage, TON Ventures as well as industry luminaries Sergey Kunz and Anton Bukov of 1inch and Philipp Zentner, CEO of LI.FI, also participated in this undisclosed round. The investment is aimed at accelerating the expansion of ston.fi to provide Telegram users with DeFi services through seamless exchange of Toncoin and USD at optimal exchange rates.
Ston.fi rеvolutionizes the availability of DeFi through its cross-blockchain platform, allowing users to effortlessly trade crypto assets across multiple blockchains without bridges or wrappers. With its integration into the Telegram messenger with its 900 million monthly active users, stonfi's offers a convenient solution for people to securely manage digital assets.
CEO Slavik Baranov notes: “Ston.fi simplifies access to DeFi in a similar way to using Telegram. Our platform provides a secure, decentralized cryptocurrency trading solution free from centralized control.”
Not to be forgotten, the hallmark of ston.fi is the OMNISTON protocol, which enables direct cross-chain exchanges and eliminates intermediaries, thereby increasing transaction speeds and minimizing user risk. Since its 2024 launch, stonfi's liquidity, measured by total blоckchain value, has grown 26 times and the number of monthly active users has grown 49 times. Ston.fi currently leads TON native TVL with over $115M and boasts spot volume of around $676M in April.
Einar Braaten, Partner at CoinFund, notes: “ston.fi powers cryptocurrency consumer activity on TON by seamlessly integrating with telegram messenger and enabling peer-to-peer transfers of digital assets without intermediaries.ston.fi capitalizes on telegram's momentum bу forming an ecosystem of blockchain applications.”
Don't forget, as telegram's global user base expands, the integration of ston.fi into telegram will allow developers to easily integrate TON DeFi via the ston.fi SDK.
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Official ston.fi links:
Telegram: https://t.me/stonfidex
Telegram RU: https://t.me/ston_fi_ru
Twitter: @ston_fi
Website: http://ston.fi
