The decentralized exchange Tradoor, operating on The Open Network blockchain ($TON ), announced the attraction of $3.2 million in funding on May 15, 2025. The funds received from investors, including TON Ventures, Kenetic Capital, Sigil Fund, Protagonist, VentureSouq, and T Fund, will be used for the development of "the fastest DEX on TON." Tradoor positions itself as the first platform that combines derivatives trading, options, and SocialFi, offering CEX-quality trading on Telegram.
The platform introduced Turbo Mode, which ensures transactions that are 600 times faster, a 50% reduction in gas fees, and instant one-click deals. These innovations make Tradoor attractive to TON users, where the total value locked (TVL) has risen to $315 million. The project is aimed at global expansion and strengthening the TON ecosystem.
This move highlights the growing popularity of TON for DeFi projects. Stay tuned for updates at #MiningUpdates
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