TON Ecosystem STON.fi Completes $9.5 Million Series A Funding, Led by Ribbit Capital and CoinFund

STON.fi, a leading decentralized exchange on the TON blockchain, has completed a $9.5 million Series A funding round led by Ribbit Capital and CoinFund. The funds will be used to develop centralized liquidity pools, cross-chain functionality, and community governance, promoting bridgeless cross-chain exchange and expanding the DeFi ecosystem. Since its launch in 2022, STON.fi has achieved cumulative trading volume exceeding $6 billion.