STON.fi, the leading decentralized exchange (DEX) on $TON , just secured a massive $9.5 million in a Series A funding round.
The round was led by heavy-hitters like Ribbit Capital and CoinFund, two major venture capital firms in the crypto space. When big money like this moves in, it's a massive vote of confidence, not just for STON.fi, but for the entire TON blockchain's potential.
With over $6 billion in trading volume and nearly 80% of all TON users already using the platform, STON.fi is a dominant force. This new capital injection is set to redirect things within the ecosystem in a mega way. Here’s what they plan to build:
⪼ Better Liquidity
They're introducing concentrated liquidity pools. In simple terms, this means trades will have less slippage and liquidity providers can earn more efficiently. It’s a win-win.
⪼ Limit Orders
Soon, users would be able to set native limit orders directly on the DEX. Needless waiting by the screen to get the price you want.
⪼ Community Power
A governance layer is coming, giving the community a real say in the platform's future.
⪼ Going Cross-Chain
Through their Omniston protocol, they aim to connect TON with other blockchains, opening up a universe of new assets and possibilities.
As a leading DeFi platform on the TON blockchain, STONfi is focused on building for the long term. Instead of temporary moves, their mission is to create the most secure liquidity pool smart contracts and relentlessly improve the core DEX swap function—essential tools that will last as long as the blockchain itself.
For STON.fi, the pressure is now on to deliver. They have a clear lead, but crypto moves fast. Executing on their ambitious roadmap—especially the cross-chain capabilities—will be crucial to cementing their position as the "gravitational center of DeFi on TON," as CoinFund's CIO put it.
Experience Seamless Trades With The Leading Protocol on TON: https://ston.fi/
Read This For More Insights and Better Positioning on This Development: https://x.com/ston_fi/status/1950500223949709324
