The ecosystem of the decentralized exchange TON has witnessed an increase in total liquidity over the past 2 years. Ston.fi has always dominated with a large portion of liquidity compared to DeDust, while maintaining a high number of active users.

As of November 2024, Ston.fi manages about 75% of the total liquidity, leading in the number of transactions compared to Megaton Finance and DeDust.

The trend of using DEX also aligns with the growing acceptance of TON on the Telegram channel.