The Open Network Foundation, a non-profit organization accelerating the growth of TON Blockchain, is proud to announce an exciting new partnership with Jupiter, a leading spot and perps decentralized trading platform anchored by the largest active decentralized autonomous organization (DAO) in crypto. Together, the two companies aim to enhance liquidity aggregation on TON with the best implementation of liquidity aggregator on TON Virtual Machine (TVM), and pave the way for cross-chain swap integrations that will shape the future of decentralized finance (DeFi).

The partnership with Jupiter represents TON’s dedication to developing a scalable DeFi ecosystem, utilizing Jupiter’s expertise and network to unlock new interchain trading opportunities. By enabling users to find the best rates and access liquidity across blockchain networks, TON can further empower developers and traders by providing them with the tools needed to thrive in the DeFi space.

To start this new collaboration, TON Foundation and Jupiter are launching a DeFi competition to foster innovation within the TON ecosystem.

Driving DeFi excellence through competition

The competition welcomes both current and in-development aggregation projects on TON to showcase their solutions and compete for significant rewards. The winning projects will receive:

• Advisory support from Jupiter: Gain insights and receive go-to-market strategy advice, route optimization, and liquidity management from one of the leaders in DeFi and aggregation.
• TON Foundation backing: Leverage resources and funding to accelerate project growth and adoption within the TON ecosystem.

The competition is now open and the winners will be announced on February 15, 2025. Following submission, participants are required to present their DeFi solutions, showcase features, and engage with the community.

Teams can submit their applications to participate in the competition via this 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