Introduction

Ever thought your Telegram app could moonlight as your personal cryptocurrency trading platform? Well, buckle up, because CoinFund has just turbo-boosted STON.fi, the leading decentralized exchange (DEX) within The Open Network (TON) ecosystem, into hyperdrive. The specifics of the funding amount and valuation? Still hush-hush, but the excitement is palpable—and it promises massive growth and expansion of DeFi services tailored for Telegram's massive user base.

Investment Announcement

CoinFund didn’t just toss a coin and hope for the best with this one—they’ve officially announced a significant investment in STON.fi. And for good reason. Integrated within Telegram Messenger, STON.fi isn't your run-of-the-mill DEX. It enables users to trade crypto assets seamlessly across multiple blockchains. Imagine flexing between Bitcoin, Ethereum, and who knows what else while messaging your friends virtually anything! Since early 2024, STON.fi’s total value locked (TVL) has skyrocketed 26 times, hitting over $120 million. Yeah, your eyes aren't playing tricks on you—that’s a six-pack of growth gains right there.

Key Investors

Now, let’s talk power players. Besides CoinFund, other notable names throwing their weight behind STON.fi include Delphi Ventures, TON Ventures, and co-founders of 1inch, Sergej Kunz and Anton Bukov. Even LI.FI’s CEO Philipp Zentner has joined the bandwagon. According to CoinFund CEO Jake Brukhman, “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.” In layman’s terms, they’re putting their money where the future of cross-chain DeFi is.

STON.fi’s CEO Slavik Fokin chimed in, stating, “STON.fi exists to make it simple and fair for everyone to access DeFi as easily as they use Telegram.” The platform, which already leads the TON blockchain in spot trading volume—reaching approximately $676 million in April—aims to democratize DeFi access. And with Telegram's massive 900 million monthly active users, the potential here is enormous. Soon, all these users outside the U.S. will gain seamless access to crypto, thanks to TOP, the company behind Telegram's native crypto wallet.

This investment marks a significant milestone in STON.fi’s mission to drive DeFi innovation on TON. With the backing of CoinFund and a stellar roster of other investors, STON.fi is poised to not only enhance its offerings but also cement its leadership in the decentralized exchange market. It's like watching a blockbuster where everyone knows the sequel will be even better.

Statements from stakeholders

CoinFund CEO Jake Brukhman's statement

Jake Brukhman, CoinFund's CEO, couldn't hide his excitement about the partnership. "STON.fi has demonstrated remarkable innovation in the DeFi space," he said, probably while doing a happy dance. With a vision as grand as a Spielberg movie, Brukhman believes this collaboration will significantly enhance the economic capabilities within the TON ecosystem. "We can expect seamless integrations with Telegram, and that's just the tip of the iceberg," he mentioned. If the iceberg analogy made you think of the Titanic, don't worry; this ship's steering clear of any treacherous waters! CoinFund's belief in STON.fi's potential looks solid, like a rock, or should we say, like STON? Talk about rock-solid support!

STON.fi CEO Slavik Fokin's statement

Slavik Fokin, CEO of STON.fi, was equally pumped, if not more. "STON.fi exists to make it simple and fair for everyone to access DeFi as easily as they use Telegram," he remarked, likely dreaming of a world where decentralized finance is as ubiquitous as cat memes. "We are building a cross-blockchain decentralized platform that provides a reliable and secure way to trade cryptocurrencies without relying on centralized institutions," Fokin added. Imagine a world where financial freedom is just a chat message away—sounds like a utopia, right? Slavik's vision is all about ensuring that everyone, and he means everyone, can trade cryptocurrencies with ease and security. In short, he’s on a mission, and nothing's going to stop him—not even that pile of unread Telegram messages!

Platform details

Integration with Telegram

STON.fi provides a decentralized cross-chain platform that offers a seamless trading experience for crypto-enthusiasts, similar to finding out that your favorite coffee shop now delivers. Integrated with Telegram Messenger, STON.fi allows users to trade crypto assets across multiple blockchains. No more jumping through hoops or downloading sketchy apps—just good ol' Telegram doing more than you ever thought possible. This integration links users' DeFi adventures directly to one of the largest global audiences, with over 900 million monthly active users (MAU). The idea is to make the process as smooth as sliding into a DM. Telegram users outside the US will soon have direct access to crypto, courtesy of STON.fi, making it almost too easy to dive into the world of decentralized finance.

Total value locked growth

Hold on to your hats, folks—since the beginning of 2024, STON.fi's total value locked (TVL) has rocketed 26 times to a jaw-dropping $120 million! That's almost like watching your favorite stock skyrocket while you sip your morning coffee. This exponential growth showcases the platform's allure and reliability in the DeFi market. It's like watching a garden grow, only this one sprouts dollar bills instead of daisies. For investors and users alike, STON.fi's growth signals a robust and trustworthy platform that’s more reliable than your grandma’s secret recipe. This surge in TVL highlights just how much trust users place in the platform, essentially making it the belle of the DeFi ball.

Spot volume leadership

When it comes to spot volume, STON.fi is crushing it. The platform leads the TON blockchain, racking up approximately $676 million in spot volume in April alone. That's more money than a Black Friday sale at a mega-mall! This figure accentuates STON.fi's dominant position in the decentralized exchange market, making it the go-to spot for crypto trading on the TON ecosystem. Being a leader in spot volume not only boosts credibility but also highlights incredible user engagement and trust. Users are clearly flocking to STON.fi like it’s the latest must-have app, showcasing the platform’s leadership in the market and its future potential to keep breaking records.

The Open Network

The Open Network (TON) isn't just the blockchain flavor of the month; it's the backbone that helps developers create new products and unlock economic opportunities. With Telegram as its launchpad, TON aims to leverage its 900 million monthly active users to become a significant player in the blockchain space. It’s as if Telegram is the ultimate Swiss Army knife—only now, it’s adding cryptocurrency and blockchain to its repertoire. By rolling out a Telegram-native crypto wallet, TOP is prepared to give every user outside the US seamless access to crypto. Think of it as the ultimate playground for developers, allowing them to dream big and build even bigger. In the grand scheme of things, The Open Network is setting the stage for a blockchain revolution that's crushing boundaries and making tech giants sit up and take notice.

Future prospects

Ah, the future of STON.fi! It's looking as bright as a supernova in the crypto galaxy. With CoinFund and other financial wizards joining forces, STON.fi is ready to rock the decentralized exchange (DEX) universe like a headlining DJ at a major electronic music festival. This collaboration promises to sprinkle some much-needed magic dust across the TON ecosystem, specifically enriching its economic muscles and making it a go-to for seamless integration with Telegram. Talk about being the life of the DeFi party!

Let's break it down, shall we? First off, the injection of fresh capital into STON.fi is akin to giving the Hulk a new protein shake—major gains incoming. This funding will accelerate STON.fi’s already impressive growth, transforming it from a DeFi powerhouse to an absolute unit. We're talking about broadening their array of services to Telegram’s massive user base, which could rival the population of a small country. Think of it as DeFi on steroids, but without the side effects.

The cherry on top? With STON.fi's cross-chain decentralized platform, users can trade cryptocurrencies across multiple blockchains with the ease of flicking a light switch. Gone are the days of cumbersome, centralized exchanges; enter a new era where trading crypto can be as smooth as your morning cup of Joe. This platform doesn’t just make trading more accessible—it makes it practically effortless.

And let's not forget the numbers—oh, the numbers! STON.fi’s total value locked (TVL) has shot up by 26 times to surpass a whopping $120 million. That’s more zeros than I usually see in my bank account. Leading the TON blockchain in spot volume with a staggering $676 million in April, this platform is setting new records faster than Usain Bolt on a good day. If STON.fi were a stock, I’d be buying.

And don’t just take my word for it—Slavik Fokin, the CEO of STON.fi, practically radiates confidence about the platform's future. He believes STON.fi is making DeFi accessible to everyone as easily as sending a text on Telegram. This vision is not only futuristic; it’s downright revolutionary. As for Telegram users, they’re going to have integrated crypto capabilities baked right into their favorite app. It's like putting rocket fuel into a Toyota Camry; you're still going to the supermarket, but now you're doing it at warp speed.

So, what’s next on the horizon? With the strategic backing of CoinFund and other noteworthy investors, STON.fi is not merely poised for success; it's on the verge of redefining the DEX market. If the past growth figures are any indication, we’re in for a thrilling ride full of innovation, accessibility, and more crypto trading than you can shake a stick at. Buckle up, folks—the future is decentralized and it’s happening now!