August 14, 2024 – Injective is thrilled to announce its integration with TON Ecosystem, marking a milestone for both the Injective and TON communities. This integration unlocks new possibilities for decentralized finance (DeFi) and enables seamless interoperability between the two ecosystems.
This integration brings significant benefits by bridging the gap between the Injective and TON ecosystems. It makes both $TON and $INJ available across their respective networks, breaking down the previous barriers of access. Now, users can leverage $TON across various Injective dApps for the first time, and $INJ can be utilized within TON ecosystem, opening up a world of new possibilities for both communities.
With this integration, both ecosystems gain seamless access to each other’s main assets, fostering a spirit of mutual benefit and opening new doors for innovation and collaboration.
While $INJ will be the first Injective native asset available on TON, this is just the beginning. In the coming weeks and months, they plan to introduce more assets from both chains, expanding the utility and reach of both ecosystems. This continuous expansion promises a future full of opportunities for the Injective and TON communities.
“Injective alongside TON ecosystem is continuing to break new frontiers in Web3 finance. The latest integration will not only enable new asset access for the two communities but also introduce a range of new utilities previously unimaginable,” said Injective co-founder and CEO, Eric Chen.
One of the most significant aspects of this integration is the introduction of TON trading on Injective’s premier order book DEX, Helix. For the first time, the Injective community will be able to leverage $TON natively on Injective, using it as a collateral asset for perpetual, borrowing and lending protocols and other DeFi primitives on the Injective network.
As part of this partnership, Injective will establish a liquidity pool on STON.fi, a leading decentralized exchange within TON ecosystem. This pool will further enhance the trading and utility of Injective assets on TON, offering users increased flexibility and accessibility in managing their digital assets.
This integration not only reinforces Injective’s commitment to expanding its reach within the blockchain space but also underscores the shared vision of both communities to redefine the future of finance. By leveraging the unique capabilities of both networks, Injective and TON are poised to lead the way in creating a more interconnected and decentralized world.
About Injective
Injective is a lightning-fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Pantera and Mark Cuban.
About STON.fi:
STON.fi is the leading decentralized exchange (DEX) on TON blockchain, characterized by its dominance in the number of available tokens, total value locked (TVL), trading volume and users. It is designed for seamless integration with TON wallets, enabling trading of any TON-based token. In addition, STON.fi offers advanced functionalities, including farming and staking. The platform has also announced the development of an innovative ‘OMNISTON’ protocol, which will allow cross-chain swaps, facilitating exchanging between different blockchains without the need for bridging or wrapping.
Media Contact:
Mariia Iordanidi
