STONfi is the Leader of the TON Ecosystem with a TVL of 100 Million Dollars. 💎👑
STONfi, the decentralized exchange (DEX) on the TON blockchain, has achieved a significant milestone, surpassing $100 million in total value locked (TVL) according to data from DeFiLlama tracker.
In just one year, STONfi's TVL has surged by over 100 times, demonstrating remarkable growth and adoption. In the past month alone, it doubled, showcasing rapid expansion.
With its TVL now constituting more than 55% of the total TVL on the TON blockchain, STONfi has established itself as the dominant DeFi protocol within the TON ecosystem.
This achievement highlights the active participation of STONfi's community, whose engagement and liquidity provision have been instrumental in driving the platform's success.
Liquidity providers on STONfi are incentivized for their participation, with 0.2% of each transaction in most pools distributed among them proportionally to their share. Additionally, certain pools offer different transaction fees, further incentivizing participation.
STONfi's rapid ascent to the $100 million TVL milestone underscores its pivotal role in shaping the decentralized finance landscape within the TON ecosystem.
