Conducting Research on TON DEX: STONfi VS DeDust
In this article, I will analyze the statistics and metrics of two popular decentralized exchanges (DEX) on TON — STONfi and DeDust. I will explore their development, innovations, and technologies, as well as share my personal opinion on each platform.
Comparison of Statistics ($STON VS $DUST):
At first glance, STONfi outperforms DeDust across all key metrics. Let’s figure out why.
Reasons for STONfi’s Leadership
Innovations and Features
STONfi actively introduces new technologies and functions, making the platform more attractive for users and liquidity providers:
- Stableswap: A new stablecoin exchange mechanism that ensures minimal losses during trading.
- Impermanent Loss Protection: An innovative solution allowing liquidity providers of their native token to mitigate risks (currently available only for the STON/USDT V2 pair).
- Omniston Protocol: A promising development currently in its beta version, aiming to enhance the platform’s usability, reliability, and functionality, including cross-chain integration (more details can be found in another article on my profile).
User Programs
STONfi actively develops its ecosystem through various initiatives:
- Grant Programs: Supporting developers and new projects within the ecosystem, which expands STONfi as a project and significantly boosts its functionality.
- Ambassador Programs: Attracting influencers to promote the platform. Awareness about liquidity pools, farming, staking, and the exchange itself grows, increasing both TVL and trading volumes.
- Collaboration with Other Projects: Active integration with launchpads, exchanges, and wallets makes STONfi even more functional and popular.
Conditions for Liquidity Providers
STONfi allocates more rewards to liquidity providers in farms, positively impacting TVL growth and providing competitive conditions. This attracts major players who value high liquidity for executing large-volume trades.
DeDust, on the other hand, often benefits from its lower popularity by offering reduced competition among liquidity providers, resulting in higher yields in its pools.
That’s why I recommend always keeping an eye on where the best conditions are being offered.
What Can DeDust Offer?
Despite lagging in metrics, DeDust also has its advantages:
- User-Friendly Interface: The platform’s simplicity makes it accessible to newcomers. It’s worth noting that new and inexperienced crypto enthusiasts — often from Telegram bot integrations — comprise the majority of blockchain users.
- Support for Unique Tokens: DeDust offers listings of exclusive assets unavailable on other exchanges.
- High Returns for Liquidity Providers: As mentioned earlier, lower popularity means reduced competition, leading to higher earnings in their pools.
- Interesting Solutions: DeDust also offers features like Stableswap (similar to STONfi) and integrations with other projects.
My Opinion
STONfi showcases more dynamic growth due to its active work on innovations and community support.
For trading, STONfi is the better exchange, offering the best rates and the largest token selection on the market.
For liquidity providers, I recommend a flexible approach, selecting the platform based on the current conditions.
Conclusion
In the current comparison, STONfi stands out as the leader among DEX on TON due to its metrics, innovations, and ecosystem development. However, DeDust holds potential for growth and improvement and, in some areas, even offers superior solutions. The choice of platform depends on your goals.
More about DeDust —HERE
More about STONfi — HERE