STONFI vs Megaton: A Quick Comparison

When comparing decentralized exchanges (DEXs) on the TON blockchain, STONFI and Megaton stand out, but each has its own strengths and differs in terms of output .

Product Functionality

STONFI is the leading DEX on TON, benefiting from its integration with Tonkeeper, offering seamless token swaps, high liquidity, and advanced features like historical price charts and clear price impact visibility. Megaton, developed by a Korean team, once led in TVL but has fallen behind with a less refined user experience, frequent bugs, and limited asset exchangeability.

Financial Advantages

STONFI charges a 0.3% fee on swaps, with 0.2% going to liquidity providers (LPs) and 0.1% to the protocol. This offers strong incentives for LPs due to high trading volume. Megaton, with a 0.1% fee, gives the full amount to LPs, but its lower trading volume and smaller TVL reduce potential rewards for liquidity providers.

Usability

STONFI integrates smoothly with Tonkeeper, providing an intuitive, user-friendly experience with real-time charts and easy trading. Megaton's interface is functional but outdated, with frequent technical issues and limited asset exchangeability, making it less reliable for users.

On-Chain Metrics

STONFI dominates in TVL and trading volume, ensuring deep liquidity and better trade execution. Megaton's liquidity and TVL are significantly smaller, affecting trading efficiency and reliability.

Other Characteristics

STONFI benefits from active community engagement and a strong development team, with ongoing improvements. Megaton, while once a top player, has struggled with community support and slow issue resolution.

Conclusion

STONFI is the better choice for users seeking reliable liquidity, advanced trading features, and a smooth experience. Megaton, despite its historical success, lags behind due to technical issues and lower liquidity. STONFI is the clear leader for both traders and liquidity providers on the TON blockchain.