The number of swaps on TON DEXs has declined again, along with a reduction in the number of pools available. After TON's price approached 7.2 USD, significant volatility occurred, with the price fluctuating between 7.2 USD and 5.2 USD. This movement resulted in decreased interest in DEXs, both in swaps and pools.
Historically, an increase in swaps on platforms like Stone.FI and DeDust has been directly linked to TON's price rising, while a decline in these activities has accompanied price drops, as network liquidity and volume shrink.
The recent decline signals a price correction for TON and reduced public interest in the network. Monitoring these metrics daily is crucial to assess user engagement with DEXs, as price action is strongly tied to sentiment within decentralized exchanges.
Written by joaowedson
