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Invezz 2025-07-30 10:26:11

Toncoin gains 8% as STON.fi secures $9.5M to expand DeFi on TON

The cryptocurrency market plunged on Wednesday amidst Fed policy jitters and Indonesia’s crypto tax updates . Telegram-based Toncoin was among the few tokens with gains in the past 24 hours. Toncoin exhibited an upbeat outlook following a crucial announcement. According to a 30 July press release, TON’s core DEX STON.fi has raised $9.5 million in a Series A funding led by CoinFund and Rabbit Capital. The massive bet signals growing investor trust in the TON ecosystem as it aims to democratize the DeFi world in the web3 era. Viktor 🧡 @s0meone_u_know · Follow BREAKING: StonFi has raised $9.5M in funding from Ribbit Capital and CoinFund, to scale DeFi on $TON 💎👀 12:46 PM · Jul 30, 2025 39 Reply Copy link Read 15 replies Also, the investment confirms STON.fi’s dedication to its roadmap and mission. According to the announcement: This funding marks a major milestone in STON.fi’s mission to build cross-chain solutions and robust on-chain liquidity infrastructure for users and developers, leveraging deep integrations with Telegram-native wallets and the broader TON ecosystem. This investment underscores the growing recognition of decentralized finance’s potential on TON and reflects deep confidence in STON.fi’s mission and performance. STON.fi has grown into a backbone of TON’s DeFi infrastructure since launching in late 2022. Its increasing dominance in user activity (over 27 million transactions) and trading volume (more than $6 billion) has attracted financial support from industry leaders. It also commands around 80% of all Toncoin traders, ranking 1st by active addresses on the TON network. That sets the stage for another era of growth, while reflecting investor confidence in the protocol. Support from investors like Rabbit Capital is more than funding a decentralized exchange. The move signals a bold bet on a network that is transforming DeFi. STON.fi Dev CEO Slavik Barano commented on the latest funding round, saying: It affirms STON.fi’s role as the foundational DeFi layer on TON and validates our relentless focus on building products that matter. This investment will accelerate our ability to scale, innovate, and deliver a truly borderless decentralized financial infrastructure. Lucrative plans for a brighter future The capital will fund various initiatives, including: Developing concentrated liquidity pools for enhanced capital efficiency. Giving users more control through a new community governance layer. Launching a limit order feature to enrich the trading experience. Fuel the upcoming liquidity aggregation platform (Omniston), which promises bridge-free, seamless swaps across various blockchains. These plans reflect STON.fi’s goal to make DeFi frictionless, more connected, and faster without bridges that are often prone to risks. Omniston aims to revolutionize decentralized finance through interoperability. Toncoin price outlook The native token soared from $3.2238 to $3.4841 on its daily chart as the announcement sparked bullish momentum. Toncoin trades at $3.44 after a slight dip from its intraday peak, with a 36% uptick in daily trading volume suggesting upward momentum. Chart by Coinmarketcap The altcoin remains poised for a lucrative long-term performance amid proactive DeFi developments. It will enjoy more utility as Telegram grows into a DeFi powerhouse. Meanwhile, the broad market outlook will possibly determine Toncoin’s direction in the coming hours. Continued bearish tendencies could limit the upside and catalyze price corrections. The post Toncoin gains 8% as STON.fi secures $9.5M to expand DeFi on TON appeared first on Invezz

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Toncoin gains 8% as STON.fi secures $9.5M to expand DeFi on TON

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