The number of swaps on TON network decentralized exchanges has faced a sharp decline. Recent data shows that the average daily users on STON.Fi have dropped to 13,300, and on DeDust to 5,250. These figures are far below the levels observed in September 2024, when both platforms attracted nearly 200,000 daily users.
Factors Behind the Decline
1. General Cryptocurrency Market Conditions
Late 2024 has not been favorable for the cryptocurrency market overall, with lower trading volumes and reduced risk appetite.
2. FUD in the TON Community
The arrest of Telegram’s founder created uncertainty (FUD) within the TON community, impacting engagement and trust in network-based platforms.
3. Reduction in Open Positions
Many traders are liquidating or reducing their exposure on decentralized exchanges, opting for more conservative strategies.
A Possible Opportunity
While the current scenario may seem challenging, it can also be seen as a strategic opportunity. Historically, periods of low interest and market inactivity have served as attractive entry points for experienced analysts and investors. Positioning now could yield rewards when the market rebounds.
A Shift in Trend: Migration to Conservative Strategies
Another significant observation is the shift in interest from decentralized trading towards more conservative practices, such as staking, which has gained traction on the TON network. This suggests a change in participant behavior, favoring predictable returns and lower risk exposure.
Written by joaowedson
