TON Foundation and Jupiter Partner to Revolutionize DeFi on TON Blockchain

The Open Network Foundation (TON Foundation), a non-profit organization committed to accelerating the growth of the TON Blockchain, has unveiled an exciting new partnership with Jupiter—a leading decentralized trading platform renowned for its spot and perpetual trading capabilities. Backed by the largest active decentralized autonomous organization (DAO) in the cryptocurrency space, Jupiter’s collaboration with TON aims to set a new benchmark in liquidity aggregation and cross-chain interoperability.

Enhancing Liquidity Aggregation on TON

This partnership will leverage Jupiter’s expertise to implement a state-of-the-art liquidity aggregator on the TON Virtual Machine (TVM). By aggregating liquidity efficiently, the collaboration will empower users with seamless access to optimal trading rates across multiple blockchain networks. The initiative aligns with TON’s vision of building a scalable and robust DeFi ecosystem, unlocking new opportunities for developers and traders.

Moreover, the partnership aims to pioneer cross-chain swap integrations, creating an interconnected DeFi ecosystem where assets can flow effortlessly between blockchain platforms. This innovation will provide unprecedented trading opportunities and strengthen TON’s position as a leading blockchain for decentralized finance.

A Competition to Drive Innovation

To kick off this partnership, TON Foundation and Jupiter have announced a DeFi competition to foster innovation and excellence within the TON ecosystem. The competition invites both established projects and emerging developers working on aggregation solutions to showcase their capabilities. Participants will compete for significant rewards and the chance to gain unparalleled support, including:

• Advisory Support from Jupiter: Winners will receive strategic guidance on go-to-market strategies, route optimization, and liquidity management from one of the leaders in DeFi.

• TON Foundation Backing: Access to resources, funding, and mentorship to accelerate project growth and adoption within the TON ecosystem.

The competition is now open for applications, with winners to be announced on February 15, 2025. Participants are required to submit their DeFi solutions, present their features, and engage with the TON community throughout the process. Applications can be submitted via the official competition form.

Driving TON’s DeFi Vision Forward

“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,” said Meow, Co-founder of Jupiter.

“We’re thrilled to collaborate with Jupiter as we continue to expand the TON DeFi ecosystem,” added a representative from the TON Foundation. “Our past collaborations with similar partners earlier this year motivated us to pursue this partnership with Jupiter. We believe this collaboration will bring immense value to TON and help establish a thriving cross-chain future.”

With this partnership, TON Foundation and Jupiter are not only setting the stage for a more efficient and interconnected DeFi ecosystem but are also inviting the brightest minds in blockchain to shape the future of decentralized finance.