HONG KONG – Tradoor, the first triple Perps, Options, and SocialFi DEX on The Open Network (TON), has announced $4.2M in funding to bring CEX-grade trading to Telegram. This financing includes rounds led by TON Ventures and Kenetic Capital, with participation from VentureSouq, Sigil Fund, Protagonist, TONX, Re7 Capital, BitsLab, and T-Fund. Additionally, the financing includes a $2.5M token purchase commitment, which will support Tradoor’s roadmap to bring high-frequency trading to TON.
Tradoor introduces groundbreaking features such as Turbo Mode and Turbo Accounts, significantly enhancing user experience and speed. Turbo Mode enables transactions at 10,000 TPS with confirmations as fast as 50 milliseconds. Turbo Accounts provide seamless, one-click trades and multi-chain deposits from networks including Ethereum and Solana, ensuring zero price slippage and unparalleled trading efficiency.
“Think of Tradoor as ‘Hyperliquid in your pocket’, on Telegram. With Turbo Mode, users enjoy instant trades at unmatched speeds, 600x faster than before, while still being fully onchain on TON, along with the lowest gas fees on TON. Users can open a Turbo Account inside Tradoor in one step without KYC, and then place trades in one-click. Plus, the Price Lock mechanism guarantees zero slippage, making your trading efficient and worry-free,” said core contributor Balal Khan.
Tradoor is set to launch token swap functionality, and innovative AI-powered features, including ‘text-to-trade’ functionality, enabling users to execute trades directly through text commands, and a sophisticated social copy trading product, allowing users to seamlessly replicate trades from successful traders within their community.
Jehan Chu from Kenetic Capital stated, “Tradoor’s integration on Telegram brings CEX-grade trading into the hands of hundreds of millions of users. With its innovative Turbo Mode technology, we believe Tradoor is uniquely positioned to bring high-frequency trading into TON’s rapidly expanding ecosystem.”
Telegram, already a prominent global messaging platform, continues to gain significant traction in the crypto community. TON, the underlying blockchain ecosystem, has 42 million activated wallets, supporting a wide array of decentralized applications, further amplifying Tradoor’s potential reach and impact.
Tradoor also recently 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 launching in Q3 2024, Tradoor has achieved significant milestones, including over $400 million in trading volume, attracting 359K total active users, and breaking TON’s record for daily trading volume with $49m over 24 hours. It has also earned recognition by winning the Open League 6 contest organized by the TON Society, and the TON Code Summer Asia Hackathon.
About Tradoor
Tradoor is the first triple Perps + Options + SocialFi decentralized protocol on TON, a fast and self-custodial all-in-one trading tool for Telegram and Web App users. It’s unique ‘Turbo Mode’ offers one-click confirmations and a high throughput of 10K TPS, 50ms execution time, with 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.
Website: tradoor.io｜Mini App｜User Guide｜Twitter/X｜Telegram News
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