Tradoor Secures $4.2 Million Funding for High-Frequency Trading on TON

Tradoor, a pioneering decentralized exchange (DEX) on The Open Network (TON), has successfully secured $4.2 million in funding. This investment round was led by TON Ventures and Kenetic Capital, with additional support from VentureSouq, Sigil Fund, Protagonist, TONX, Re7 Capital, BitsLab, and T-Fund. The financing also includes a $2.5 million token purchase commitment, aimed at advancing Tradoor’s roadmap to introduce high-frequency trading capabilities to the TON ecosystem.

Tradoor’s latest announcement highlights its innovative features, including Turbo Mode and Turbo Accounts, designed to significantly enhance user experience and transaction speed. Turbo Mode enables transactions at an impressive 10,000 transactions per second (TPS) with confirmations as fast as 50 milliseconds. Turbo Accounts offer seamless, one-click trades and multi-chain deposits from networks such as Ethereum and Solana, ensuring zero price slippage and unparalleled trading efficiency.

Balal Khan, a core contributor to Tradoor, described the platform as “Hyperliquid in your pocket,” emphasizing its integration with Telegram. He noted that Turbo Mode allows users to enjoy instant trades at speeds 600 times faster than before, all while maintaining the lowest gas fees on TON. Users can open a Turbo Account within Tradoor in one step without the need for Know Your Customer (KYC) procedures, and place trades with a single click. The Price Lock mechanism guarantees zero slippage, making trading efficient and worry-free.

Tradoor is set to launch additional features, including token swap functionality and AI-powered tools. These innovations include ‘text-to-trade’ functionality, enabling users to execute trades directly through text commands, and a sophisticated social copy trading product. This product allows users to replicate trades from successful traders within their community, further enhancing the platform’s appeal and usability.

Jehan Chu from Kenetic Capital expressed enthusiasm for Tradoor’s potential, stating that its integration with Telegram brings centralized exchange (CEX) grade trading to hundreds of millions of users. He highlighted Tradoor’s innovative Turbo Mode technology, which positions the platform uniquely to bring high-frequency trading into TON’s rapidly expanding ecosystem.

Telegram, a prominent global messaging platform, continues to gain traction in the crypto community. TON, the underlying blockchain ecosystem, has 42 million activated wallets, supporting a wide array of decentralized applications. This further amplifies Tradoor’s potential reach and impact within the crypto space.

Tradoor has also announced support for tgBTC in its new multi-collateral pool, providing liquidity providers with attractive double-digit yields for USDT, tgUSD, Toncoin, and Bitcoin. tgBTC is a tokenized version of Bitcoin designed specifically for use within the Telegram and TON ecosystems, enabling users to seamlessly access DeFi benefits while maintaining exposure to Bitcoin.

Since its launch in Q3 2024, Tradoor has achieved significant milestones, including over $400 million in trading volume and attracting 359,000 total active users. It has also broken TON’s record for daily trading volume with $49 million over 24 hours. Tradoor has earned recognition by winning the Open League 6 contest organized by the TON Society and the TON Code Summer Asia Hackathon.

Tradoor is the first triple Perps + Options + SocialFi decentralized protocol on TON, offering a fast and self-custodial all-in-one trading tool for Telegram and Web App users. Its unique ‘Turbo Mode’ provides one-click confirmations and a high throughput of 10,000 TPS, with 50ms execution time and the lowest gas fees on TON. Users experience zero price slippage with the Price Lock guarantee and fair pricing with the AI-enhanced Liquidity Shield. Turbo Accounts enhance usability with one-click trades and multi-chain deposit support.