STONfi VS DeDust — Which TON DEX Should You Choose?
The TON blockchain is home to several decentralized exchanges (DEXs), but STONfi and DeDust stand out as clear leaders. In this article, I’ll compare these two platforms, highlighting key metrics and features based on my active user experience.
Key Metrics: Comparing STONfi and DeDust
Total Value Locked (TVL):
TVL represents the total value of assets locked on a platform. STONfi’s higher TVL reflects greater user trust and potentially more favorable conditions for large transactions.
Number of Tokens:
STONfi offers a wider range of trading pairs, providing users with more options for exchange and trading.
What Do These Metrics Mean?
A higher TVL indicates that transactions on STONfi are likely to have lower slippage, especially for larger volumes. However, for specific token pairs, DeDust might offer higher liquidity. It’s always a good idea to compare conditions on both platforms before executing a trade!
Personal Experience and Recommendations
If you, like me, are not conducting large trades, STONfi often proves to be a more convenient and profitable choice, offering competitive rates without the need for extensive comparisons.
That said, to maximize benefits, I recommend checking rates and liquidity on both platforms, especially if you’re trading lesser-known tokens (which often face liquidity issues) or working with large amounts.
What About Liquidity Providers?
Both platforms offer excellent conditions for liquidity providers! Comparing pools on STONfi and DeDust, you’ll find competitive rewards, with higher returns on some tokens on one platform and others on the other.
However, STONfi shines in farming opportunities. Even in less popular token pools, reward pools can exceed $100,000.
Popularity and Community Engagement
STONfi has a more active presence in user engagement, particularly on Telegram, the primary social network for TON users. The platform also boasts a significantly larger subscriber base.
As a bonus, I recommend checking out their exciting New Year event with prizes worth hundreds of dollars for simple Twitter posts!
Conclusion
Your choice between STONfi and DeDust depends on your specific needs:
- For high liquidity and a wide selection of assets: STONfi is the better choice.
- For specific tokens: Always check liquidity and exchange conditions on both platforms beforehand.
For liquidity providers, consider participating in high-reward farming pools on STONfi and comparing individual pools across platforms for the best returns.
Remember, success in trading isn’t just about choosing the right platform but also conducting thorough market analysis. Happy trading, and don’t forget: DYOR! LFG!