TON Foundation Partners with Jupiter to Launch New Liquidity Aggregator on TON Blockchain

The Open Network Foundation (TON Foundation), a non-profit organization dedicated to accelerating the growth of the TON Blockchain, has announced a groundbreaking partnership with Jupiter, a leading decentralized trading platform. Jupiter is known for its expertise in spot and perpetuals trading and is supported by the largest decentralized autonomous organization (DAO) in the crypto space. Together, the two organizations aim to develop a powerful liquidity aggregator for the TON Virtual Machine (TVM) and enhance the future of decentralized finance (DeFi) through cross-chain swap integrations.

This collaboration marks a significant step toward the development of a scalable DeFi ecosystem on the TON Blockchain. By combining Jupiter’s extensive network and liquidity expertise with TON’s growing platform, the partnership will enable users to access the best rates and liquidity across blockchain networks. In turn, this will provide developers and traders with the tools they need to succeed and thrive in the fast-evolving DeFi landscape.

Fueling Innovation Through a DeFi Competition

As part of the collaboration, the TON Foundation and Jupiter are launching a DeFi competition designed to encourage innovation and accelerate the growth of the TON ecosystem. The competition invites both established and in-development liquidity aggregation projects on the TON Blockchain to showcase their solutions and compete for valuable rewards.

The winning projects will receive the following benefits:

• Advisory Support from Jupiter: Winning teams will gain insights from Jupiter’s experts, including guidance on go-to-market strategies, liquidity management, and route optimization, all critical for success in the DeFi space.

• TON Foundation Backing: The winners will also receive resources and funding from the TON Foundation to help accelerate the growth and adoption of their projects within the TON ecosystem.

The competition is officially open, with the winners to be announced on February 15, 2025. Participants are required to submit their DeFi solutions, demonstrate their features, and engage with the broader community. The competition aims to foster a culture of innovation, encouraging developers to push the boundaries of what’s possible on the TON Blockchain.

The Vision Behind the Partnership

Meow, the co-founder of , shared his excitement about the partnership, emphasizing the potential of the TON Blockchain. “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 the TON Foundation to grow the space, and we are delighted to support and get to know the best talent here,” he said.

Vlad Degen, the DeFi Lead at the TON Foundation, also expressed enthusiasm about the collaboration. He highlighted that their past partnerships with other DeFi leaders had laid the groundwork for this new alliance. “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,” Degen said.

Looking Ahead

This strategic partnership between TON Foundation and Jupiter is poised to accelerate the growth of DeFi on the TON Blockchain, offering new opportunities for cross-chain liquidity aggregation and empowering developers and traders. With a shared vision for the future of decentralized finance, this collaboration will play a key role in shaping the DeFi landscape and unlocking the full potential of the TON Blockchain.

For more details and to participate in the DeFi competition, interested teams can submit their applications via the provided form.