CoinFund has led a significant investment round in STON.fi, the leading decentralised exchange (DEX) within The Open Network (TON) ecosystem, although the exact funding amount remains undisclosed.

This new capital will fuel STON.fi’s growth and expand its DeFi services to Telegram users.

Since early 2024, STON.fi’s total value locked (TVL) has surged 26 times, surpassing $120 million, and it leads the TON blockchain in spot trading volume.

Other notable investors in the round include Delphi Ventures and key figures from the crypto industry.

Integrated with Telegram, STON.fi aims to make DeFi accessible and secure, facilitating cross-chain cryptocurrency trading without relying on centralised institutions.