CoinFund Investment Fuels STON.fi's DeFi Services Growth on Telegram

Thursday, 16 May 2024, 13:55

CoinFund has made a substantial investment in STON.fi, a top decentralized exchange (DEX) on The Open Network (TON) ecosystem. The funding aims to boost growth, enhance DeFi services, and expand access to Telegram users. The collaboration signifies a pivotal step towards advancing economic capabilities within the TON ecosystem.
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CoinFund Investment Fuels STON.fi's DeFi Services Growth on Telegram

CoinFund Backs STON.fi, Top DEX in the TON Ecosystem

CoinFund and Delphi Ventures Back STON.fi

CoinFund has led a previously undisclosed funding round in STON.fi, the leading decentralized exchange within the TON ecosystem. An official statement says the new capital will fuel STON.fi’s rapid growth and expand DeFi services to Telegram users.

Notable Investors and Integration with Telegram

  • CoinFund and Delphi Ventures are part of the investment round.
  • STON.fi offers a decentralized cross-chain platform integrated with Telegram Messenger.
Jake Brukhman, CEO of CoinFund, expressed his excitement for the partnership, stating, ''STON.fi has demonstrated remarkable innovation in the DeFi space. We believe this collaboration will significantly enhance the economic capabilities within the TON ecosystem and facilitate seamless integrations with Telegram''.

STON.fi Growth and Vision

  1. STON.fi's TVL reached over $120 million, marking a 26x increase since the start of 2024.
  2. The platform leads the TON blockchain in spot volume, with approximately $676 million in April.

''STON.fi exists to make it simple and fair for everyone to access DeFi as easily as they use Telegram. We are building a cross-blockchain decentralized platform that provides a reliable and secure way to trade cryptocurrencies without relying on centralized institutions'', claims STON.fi CEO Slavik Fokin.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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