Swap activity on TON DEX has dropped again, as the number of available pools has decreased. After the TON price approached $7.2, significant volatility caused the price to fluctuate between $7.2 and $5.2. This movement resulted in a decrease in interest in DEXs, both in swaps and pools.
Historically, an increase in swaps on platforms such as Stone.FI and DeDust is directly related to an increase in the TON price. Conversely, this decrease in activity indicates a price correction and a decrease in public interest in the network.
While the market is showing uncertainty, optimism towards BTC remains, given its stability and long-term potential.