According to PANews, STON.fi, a prominent decentralized exchange on the TON blockchain, has successfully raised $9.5 million in a Series A funding round. The investment was led by Ribbit Capital and CoinFund. The newly acquired funds are earmarked for the development of concentrated liquidity pools, cross-chain functionalities, and community governance initiatives. These efforts aim to enhance bridge-free cross-chain exchanges and expand the DeFi ecosystem. Since its launch in 2022, STON.fi has achieved a cumulative trading volume exceeding $6 billion.

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