Activity on decentralized exchanges STON.fi and DeDust increased dramatically. DeDust users make an average of 4 swaps, while STON.fi makes 2.76. This may indicate possible changes in the price of TON (TONCOIN).
Historically, increases in trading volume on STON.fi and DeDust often precede increases in the price of TON, indicating a close relationship between swap volume and capital flow on the TON blockchain.
STON.fi is in the lead, providing about 75% of all transactions. The growing interest in TON DEXs swaps may signal the coming of a new bullish cycle for TON, underpinned by higher liquidity and demand.
Stay tuned, as increased trading volume and STON.fi's dominance may indicate the next move for TON.