STON.fi is a decentralized automated market maker (AMM) exchange and DeFi protocol built on the TON blockchain, enabling users to swap tokens with virtually zero fees, low slippage, and seamless integration with TON wallets.[1][3] It serves Telegram's massive user base and crypto traders by solving cross-chain trading inefficiencies—allowing instant swaps across TON, Polygon, and other EVM chains without bridging, wrapping, or third-party risks via a Request for Quote (RFQ) system backed by Hashed Timelock Contracts (HTLC).[1][2][3] The platform addresses high fees, slippage, and complexity in DeFi, offering liquidity provision, staking for its native $STON token, and upcoming features like gasless swaps and DAO governance, with strong growth including $4.49 million in funding and 47 employees.[1][3]
Founded in 2022 by Viacheslav Baranov (CEO), Stanislav Bazylevich (COO), Mike Fedorov (CBO), and Andrey Fedorov (CMO), STON.fi emerged to capitalize on the TON blockchain's scalability and Telegram integration.[1] Headquartered in Dubai, UAE, the team drew from DeFi expertise to build an AMM targeting Telegram's audience, leveraging TON's sharding for millions of transactions per second.[1][3] Early traction came from TON wallet integration, an SDK for developers, and the launch of the $STON token, which embeds into protocol mechanics for community-driven growth; funding from CoinFund, Delphi Ventures, and Anton Bukov fueled expansion in the blockchain ecosystem.[1]
STON.fi rides the TON blockchain surge, fueled by Telegram's 900+ million users and TON's shift from Telegram-originated to a high-speed DeFi hub with sharding for massive scale.[1][3] Timing aligns with DeFi's maturation beyond Ethereum's high costs, where cross-chain demands explode amid multi-chain fragmentation; market forces like low TON fees (vs. Bitcoin/Ethereum) and Telegram's mini-app ecosystem favor its growth.[1][2][3] It influences the ecosystem by onboarding Telegram users to DeFi, boosting TON liquidity, and pioneering trustless cross-chain via HTLC—pushing competitors toward similar interoperability while expanding TON's footprint in stableswaps and synthetic assets.[1][3]
STON.fi's momentum positions it for explosive scaling as TON captures Telegram's audience, with cross-chain expansions (more networks, Telegram bot), DAO governance, and gasless features unlocking mass adoption.[3] Trends like Telegram-native DeFi and sharded blockchains will amplify its edge, potentially evolving it into a multi-chain DeFi powerhouse influencing TON's dominance. Watch for $STON token utility growth and liquidity TVL surges—cementing its role from niche AMM to ecosystem gateway, much like its origins promised for seamless crypto trading.[1][3]
STON.fi has raised $10.0M in total across 1 funding round.
STON.fi's investors include 8VC, Angel investor, CoinFund, Polygon, Balaji Srinivasan.
STON.fi has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series A in July 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2025 | $10.0M Series A | 8VC, Angel investor, CoinFund, Polygon, Balaji Srinivasan |
