STON.fi VS DeDust.io — TON DEX Leaders: Which One to Choose?
As the TON ecosystem grows, decentralized exchanges are becoming essential tools for users. More projects are expected to emerge soon, expanding beyond Telegram and mobile apps. I anticipate that in the near future, we’ll be farming retroactive airdrops from TON projects, much like we already do on BASE, ETH, BNB, SOL, and others. This will significantly impact ecosystem development.
For less experienced users: be prepared! After a few taps on your screen, you’ll find yourself dealing with bridges, swaps, staking, farming, and more.
Among the many platforms, STON.fi and DeDust are the main competitors. In this article, I’ve compiled the key facts and comparisons to help you choose the most suitable exchange.
Before writing, I also researched the newest exchanges. As of now, there are no competitors for these two leaders. During my research, however, I came across this amusing case:
Sometimes people earn hundreds of thousands, even millions, from coincidences like this. Should I have tried it?
Liquidity and Volumes
STON.fi leads with a Total Value Locked (TVL) of $113M, compared to DeDust’s $77M (source: link 1, link 2).
- What does this mean for you?
High TVL indicates greater user trust and better liquidity. This is crucial for minimizing slippage during swaps, especially for large transactions.
However, note that for certain token pairs, DeDust may offer higher liquidity. Before trading, it’s a good idea to compare conditions on both platforms.
Token Availability
STON.fi supports 112 tokens, while DeDust offers 96.
- STON.fi’s Advantage:
More trading pairs provide users with greater flexibility.
If you’re dealing with rare tokens, DeDust can still be valuable as it supports pairs that may not be available on STON.fi.
Farming and Liquidity Pools
Both exchanges offer solid opportunities for liquidity providers.
- STON.fi: Known for its generous reward pools. Farming on this platform is available in a larger number of pools, with recent pools offering rewards of ~$128,000.
- DeDust: Often provides better APR on specific pools.
Recommendation:
To maximize profits, don’t limit yourself to one platform. Compare pool yields and switch between exchanges based on current conditions.
User Interface and Accessibility
Both STON.fi and DeDust offer intuitive and modern interfaces suitable for beginners and experienced users alike. Objectively, I suggest you evaluate them yourself:
Community and Support
STON.fi engages more actively with its community, particularly on Telegram. Frequent contests and events attract higher attention and involvement. The platform also increases engagement by distributing NFTs as rewards, which later yield staked tokens locked for a year or two — binding us to the exchange almost unnoticed.
There’s a New Year’s event running until January 2 — here’s the link to join.
DeDust also interacts with its audience, though its scale and activity levels are somewhat lower.
Technological Advantages
STON.fi stands out with innovations like impermanent loss protection in liquidity pools. Additionally, the upcoming launch of the Omniston protocol promises enhanced platform security and functionality.
What excites me most is the development of cross-chain features (those bridges I mentioned earlier). The first blockchain to integrate will be Tron.
Conclusion: Which One to Choose?
Advice:
Use both platforms depending on your needs. STON.fi is ideal for regular trading and long-term farming, while DeDust is better for specific token pairs and liquidity provision. Competition works in our favor as users, so let’s not create a monopoly around any single exchange!
Final Words
Your earnings (or reduced expenses) depend not only on your choice of platform but also on your strategy. Experiment, analyze conditions, and find the optimal solutions. Good luck! DYOR!