Bullish Signal for Telegram-Backed Altcoin: User Demand is Rising Rapidly!

An increase in swap transactions on STON.fi and DeDust could be a sign of a potential rise in the price of TON and suggests that a new bull cycle is approaching.

In recent days, there has been a significant increase in swap activity on decentralized exchanges STON.fi and DeDust. According to a report by CryptoQuant analysts, while DeDust made an average of 4 swaps per user, this figure increased to 2.76 on STON.fi.

This increase not only reflects the growth in the usage of the platforms, but could also be a sign of a potential change in the price of Toncoin (TON).

When historical data is examined, it is seen that increases in the number of tokens traded on STON.fi and DeDust usually lead to a large increase in the price of TON. This points to a strong relationship between swap volume and capital flowing into the TON blockchain. The increased trading activity was interpreted as a sign of a new wave of price appreciation for TON.

Currently, the STON.fi platform accounts for about 75% of the total transactions between the two exchanges. The increased swap interest on TON’s DEXes, along with higher liquidity and demand on decentralized exchanges, indicated that a new bull cycle is approaching.

Following these developments, the analyst stated that with the increasing trading volume and STON.fi’s dominance, TON’s next move is imminent.