TON Network DEXs See Explosive Growth in Addresses and Transactions
Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...
The decentralized exchange (DEX) ecosystem on The Open Network (TON) network has experienced a surge in activity, characterized by an increase in new addresses and transactions.
According to recent data from CryptoQuant and Joao Wedson, Founder and CEO of Alphractal, the number of new addresses on TON DEXs like STON.fi and DeDust has increased significantly, indicating that more users are discovering and adopting the network for their trading needs.
STON.fi, a DEX on the TON network, has emerged as the clear frontrunner, capturing a commanding 90% of all DEX transactions. This dominance can be attributed to its user-friendly interface, robust security measures, and a wide range of supported trading pairs.
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