In the last few days, swap activity on the decentralized exchanges STON.fi and DeDust has shown a significant increase, with an average of 4 swaps per user on DeDust and 2.76 on STON.fi. This rise in activity is not only a reflection of the growing usage of the platforms, but also a sign of potential changes in the price of TON (TONCOIN).
Historically, when the number of tokens traded on STON.fi and DeDust increases, it is often followed by a significant rise in the price of TON, suggesting a strong relationship between swap volume and capital flow on the TON blockchain. This increase in trading activity could be the precursor to a new wave of price appreciation.
Currently, STON.fi leads the trading, accounting for about 75% of the total transactions between the two platforms. With the growing interest in swaps on TON's DEXs, it's likely that a new bullish cycle for TON is approaching, driven by higher liquidity and demand on decentralized exchanges.
Stay tuned, as the combination of increased trading volume and STON.fi's dominance may indicate that TON's next move is just around the corner.
Written by joaowedson
