In a groundbreaking move for decentralized finance, STON.fi Dev has secured $9.5 million in Series A funding to expand the TON DeFi ecosystem. Led by Ribbit Capital and CoinFund, this investment marks a significant milestone for the leading decentralized exchange on the TON blockchain.
Why STON.fi’s Funding is a Game-Changer for TON DeFi
The $9.5 million Series A round positions STON.fi as a dominant force in the TON DeFi space. Since its November 2022 launch, the protocol has processed over $6 billion in trading volume across 27 million transactions, capturing approximately 80% of TON’s trading activity.
Key Developments from the Funding Round
- Development of concentrated liquidity pools for improved capital efficiency
- Implementation of native limit orders to enhance user experience
- Creation of a community governance layer for decentralized decision-making
- Advancement of cross-chain capabilities through Omniston protocol
Ribbit Capital and CoinFund’s Vision for TON DeFi
Alex Felix, CIO of CoinFund, describes STON.fi as the “gravitational center” of TON’s DeFi activity. The investment reflects growing confidence in the protocol’s ability to redefine decentralized finance infrastructure at scale.
What This Means for the Future of Decentralized Exchange on TON
STON.fi’s funding will accelerate solutions for scalability and interoperability challenges, critical for DeFi’s next growth phase. The protocol’s deep integration with Telegram-native wallets and TON-based tokens positions it uniquely in the market.
Frequently Asked Questions
What is STON.fi?
STON.fi is the leading decentralized exchange on the TON blockchain, facilitating token swaps, liquidity provision, and yield farming.
Who invested in STON.fi’s Series A round?
The $9.5 million funding was led by Ribbit Capital and CoinFund, with participation from Delphi Ventures and TON Ventures.
What will the funding be used for?
Funds will develop concentrated liquidity pools, native limit orders, community governance, and cross-chain capabilities through Omniston.
How successful has STON.fi been so far?
The protocol has processed over $6 billion in trading volume across 27 million transactions since November 2022.
What makes STON.fi unique in the TON ecosystem?
It captures ~80% of TON’s trading activity and ranks #1 by unique active wallets on the blockchain.
