

Toncoin [TON], a Layer 1 smart contract platform specialized in financial applications, has been showing an interesting trend in its blockchain activity.
Toncoin (TON), a Layer 1 smart contract platform, is seeing rising activity in its decentralized exchanges (DEXes), despite a stabilization in the price of its native token.
Toncoin saw a modest price increase, rising by 2.2% over the past week and trading at $5.62 at press time. However, beyond its price movements, a CryptoQuant analysis highlighted a significant surge in activity on TON-based DEXes.
The analysis showed a skyrocketing number of addresses and transactions on these DEXes, indicating growing interest from investors in decentralized trading within the TON ecosystem.
Among the various platforms, STON.Fi stands out as the clear leader, capturing 90% of all DEX transactions on the TON network. This positions STON.Fi as the "most competitive" decentralized exchange in the TON ecosystem.
In contrast, other platforms like DeDust have been losing market relevance, while Megaton Finance has struggled to gain significant traction over time.
Notably, the increased activity on TON’s DEXes suggests that the platform is gaining momentum as a hub for decentralized finance (DeFi). With STON.Fi leading the charge, the TON network could potentially see more growth in its decentralized trading ecosystem as it attracts more users and liquidity.
The growing user base on these DEXes, coupled with the broader adoption of decentralized trading on TON, reflects an expanding community that's increasingly engaging with the network's financial applications.
The above is the detailed content of Toncoin (TON) Fundamentals Signal Bullishness as DEX Activity Surges, Targeting STON.Fi as the Market Leader. For more information, please follow other related articles on the PHP Chinese website!

Binance will list Toncoin (TON) and open spot trading for the TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY pairs at 10:00 UTC today

In the vibrant world of cryptocurrencies, SUI and Toncoin are capturing headlines, each tackling unique challenges and opportunities. While SUI aims for new peaks by 2024’s end, Toncoin is battling to break through certain levels. Amid these evolving

When BlockDAG unveiled its latest team video, over 120,000 members were given a privileged glimpse into the technology securing their trust.

Navigating the volatile cryptocurrency market requires strategic insight and a keen understanding of emerging trends. The Toncoin partnership with Trust Wallet, Cardano's current challenges, and BlockDAG's innovative leadership and presale achievemen

Stepping into the world of cryptocurrencies is not easy, given the frequent emergence and disappearance of new coins. Trust and openness are essential when deciding where to put your money for longer run. BlockDAG excels in these areas. Since its lau

Explore BlockDAG’s future-defining tech that has won the trust of 120k+ holders. Review Toncoin price & Ethereum Gas fees.

The Telegram Open Network (TON) has been down for more than three hours, with no new transactions validated or blocks produced during this period.

As Dogwifhat and Toncoin recover from market lows, both are showing promising signs of growth. Amid this resurgence, BlockDAG's presale has reached a remarkable $61.3 million, bolstered by recent disclosures about its leadership.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

Notepad++7.3.1
Easy-to-use and free code editor

MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Dreamweaver CS6
Visual web development tools

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment
