Decentralized Exchange STON.fi Secures Investment from CoinFund
Attention all crypto enthusiasts! Exciting news in the world of decentralized finance (DeFi): CoinFund has made a substantial investment in STON.fi, the top decentralized exchange operating within The Open Network (TON) ecosystem. This new funding is set to fuel the rapid expansion of STON.fi’s DeFi services to Telegram users. Let’s dive into the details of this significant development in the crypto space!
CoinFund and Delphi Ventures Support STON.fi
- CoinFund’s investment in STON.fi is a major boost for the DeFi platform within the TON ecosystem.
- Other well-known investors, such as Delphi Ventures, TON Ventures, 1inch Co-Founders Sergej Kunz and Anton Bukov, and LI.FI CEO Philipp Zentner, also participated in the funding round.
- CEO of CoinFund, Jake Brukhman, expressed excitement about the partnership and its potential to enhance economic capabilities in the TON ecosystem.
The Growth of STON.fi and its Impact on DeFi
- STON.fi’s integration with Telegram Messenger provides users with a decentralized cross-chain platform, allowing them to trade crypto assets across multiple blockchains.
- Since the beginning of 2024, STON.fi’s total value locked (TVL) has increased significantly, reaching over $120 million.
- The platform has also seen impressive spot volume on the TON blockchain, hitting approximately $676 million in April.
STON.fi’s Vision for DeFi Access
- STON.fi’s CEO, Slavik Fokin, emphasizes the platform’s mission to simplify access to DeFi for all users, making it as easy as using Telegram.
- By building a cross-blockchain decentralized platform, STON.fi aims to provide a reliable and secure way to trade cryptocurrencies without relying on centralized institutions.
Unlocking Economic Activity on TON
The Open Network, utilized by Telegram to enable developers to create new products and opportunities, is set to bring crypto access to its massive user base of 900 million Monthly Active Users (MAU). As TOP, the company behind the Telegram-native crypto wallet, expands its rollout to users worldwide, seamless access to crypto will become a reality for even more individuals.
About the Recent Funding Round
The recent investment from CoinFund and other prominent investors represents a significant step forward for STON.fi in driving DeFi innovation within the TON ecosystem. With this support, STON.fi is poised to enhance its services and solidify its position as a leader in the decentralized exchange market. Exciting times ahead for DeFi enthusiasts!
Hot Take: Embracing DeFi on TON
Dear crypto community, the investment from CoinFund in STON.fi signals a new chapter in DeFi innovation within the TON ecosystem. With strong backing from leading investors, STON.fi is positioned to redefine decentralized exchange services and offer a seamless trading experience for users across multiple blockchains. Keep an eye on STON.fi as it continues to shape the future of DeFi on TON!
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