The TON Foundation announced a highly anticipated partnership with Jupiter - a leading decentralized platform for spot and futures trading backed by one of the largest DAOs in the industry.
Together, the two organizations will create the best liquidity aggregator on the TON Virtual Machine (TVM) and pave the way for cross-chain swaps that will define the future of DeFi.
The goal is to develop a scalable DeFi ecosystem for TON through Jupiter's expertise and network. Users will access the best exchange rates and tap into liquidity across multiple blockchain platforms, empowering both developers and traders.
To strengthen this collaboration, TON Foundation and Jupiter are launching a DeFi project competition that will spark innovation in the TON community. Developers of both existing and under-development liquidity aggregators on the TON blockchain are welcome to participate.
Benefits for winning projects:
- Consulting from Jupiter: Assistance with market launch, route optimization, and liquidity management
- Support from TON Foundation: Resources and funding to accelerate project growth
The competition is already underway, and winners will be announced on February 15, 2025. Applications can be submitted through a dedicated form.
“TON is one of the most exciting and untapped blockchains in the space, with immense potential for growth once the ecosystem is unlocked. This is an awesome initiative by TON Foundation to grow the space, and we are delighted to support and get to know the best talent here.” - Meow, Co-founder, Jupiter
“We’re thrilled to collaborate with Jupiter as we continue to expand the TON DeFi ecosystem. Our past collaboration with similar partners in this field earlier this year motivated us to pursue a similar partnership with Jupiter. We believe this collaboration will bring immense value to TON and help establish a thriving cross-chain future.” - Vlad Degen, DeFi Lead, TON Foundation
This is yet another indication that 2025 will be packed with updates in the DeFi sector of the TON ecosystem.
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