The TON decentralized exchange ecosystem has shown an overall increase in overall liquidity over two years.

Ston.fi consistently holds a higher share of liquidity compared to DeDust, attracting more active users. As of November 2024, Ston.fi manages about 75% of the total liquidity and is the leader in the number of transactions, ahead of Megaton Finance and DeDust.

The overall trend of DEX usage aligns well with the growing adoption of TON on the popular Telegram messenger.