STON.fi vs StormTrade

STON.fi is a DEX on the TON blockchain. StormTrade is also a DEX and on the TON blockchain too, but not everything is so simple. In this article, let’s find out why these exchanges are so different and which one you should choose for your tasks.

Purposes

Yes, these DEXs have different purposes. If STON.fi is a traditional DEX for swaps and liquidity providing, then StormTrade is a margin trading not only with cryptocurrency, but also with other assets. Here you can trade futures and even XAU/USD (Gold). But even in spite of its functionality, StormTrade is also a DEX on the TON blockchain, and therefore we have the right to compare them.

Metrics

TVL (Total Value Locked):
StormTrade - $15M
STON.fi - $148M

UAW (Unique Active Wallets):
StormTrade - $62K
STON.fi - $353K

ATV (All Time Volume):
StormTrade - $2B
STON.fi - $6.9B

Interface and design

I think the three color rule is a very important part of design, but the StormTrade website simply ignores it. Here we see combinations of fillet, green, blue, yellow, white and black. This means that there is no unified style. What can't be said about STON.fi: everything is designed in soft blue accent colors and pleases the eye. The interface of both DEXes is easy to use, but personally I think that STON.fi is more intuitive. Perhaps this is due to the abundance of functions on StormTrade, but we will talk about them later.

StormTrade`s main screen

STON.fi`s main screen

APR Comparison

Liquidity pools on StormTrade are hidden in the Earn tab, and here we are presented with a limited number of pools: USDT, TON, NOT. Let's compare their APR over 7 days with their counterparts on STON.fi.

StormTrade`s pools

USDT: StormTrade - 20%
STON.fi - 30% (AquaUSD/USDŦ Stableswap pool)

TON:
StormTrade - 15%
STON.fi - 26%

NOT: StormTrade - 15%
STON.fi - 15%
STON.fi - 40%

As we can see, STON.fi wins here for all pools. But why? The thing is that I calculated the total APR, which includes farming APR and regular APR.

What is farming on STON.fi?
Projects whose tokens are traded on DEX are interested in having more funds in their liquidity pools so that users can trade in larger volumes. Therefore, the project allocates rewards to the liquidity pool to attract providers. For example, right now in Stableswap pool AquaUSD/USDŦ Reward Distribution is 280$ per day:
STON: 33/day
AquaXP: 5,333,333/day.
and Farm APR is then equal to 29%.

STON.fi`s pools with farming

There are actually a lot of liquidity pools on STON.fi, and a lot of farming pools. Stay tuned so you don't miss out on profitable pools.

Functionality and features

Now we will talk about the interesting details of both DEX, those very interesting “killer-features”.

STON.fi: if you select any two tokens in the “Swap” tab, the Trust Score from DYOR.io will appear near the coin you want to swap. Interesting and useful.

StormTrade: available as a Telegram-bot.

STON.fi: develops its own Omniston Protocol, which provides the best rate among all liquidity sources with zero slippage. You can learn more about what Omniston is here.

StormTrade: Here are some interesting Tournaments with rewards in $STORM tokens under the “Rewards” tab

STON.fi: Integrated with many projects like Tonkeeper, TonTradingBot, TapSwap, Dune, Tobi, etc.

Conclusion

Which DEX should you choose? If you need support for multiple assets, not only crypto, but also margin trading with leverage, you should look at StormTrade.
And if you need swaps and liquidity providing in the TON network, then STON.fi is your choice.