STON.fi vs DeDust
Many successful projects have already appeared on the TON blockchain, such as Hamster Kombat, with HMSTR coin reaching 400 million capitalization, or for example Notcoin, which has broken the psychological threshold of 1 billion market capitalization.
And all of these projects have had incredible volatility throughout their history, so the liquidity pools on DEX have provided huge returns to liquidity providers, at times exceeding 1000%. Even now, these pools are maintaining good performance:
TVL — Total Value Locked. Shows how many total funds are locked in the liquidity pool.
APR — Annual Percentage Rate. Yearly yield.
DEX — Decentralized exchange.
Comparison
There are 2 major DEXs on TON — DeDust and STON.fi, as well as major DEX aggregators that give a more extensive view.
There is also another DEX on TON — Storm Trade, but it is designed for trading real assets and trading with leverage, so it will not be included in the list — the competition is not direct.
Let’s start by comparing the metrics:
According to Cryptorank, STON.fi has the 5th highest number of monthly active users among all DEXs, with 430,000 users, while DeDust, in turn, has 171,000.
But there is an indicator more important — TVL. According to DeFiLama on STON.fi, the total TVL is approximately 150 million dollars, and on DeDust it is about 95 million.
Interface
STON.fi greets users with a beautiful and intuitive user interface, for example the Swaps tab looks like this:
Everything is implemented in a minimalistic, beautiful way, and the search works quickly and flawlessly.
Things look pretty good on Dedust at first glance, too….
But there is one BUT: neither in search nor on the main page do the coin icons show up. Honestly, for me, this is the main reason why I don’t like Dedust.
In my opinion, DEX is an end-user oriented product, and the end-user, in turn, gets the user interface, and just leaving it without pictures, or making their loading something… optional or buggy is wrong.
It’s entirely possible that this is just a bug, but even among my acquaintances I haven’t met a person who has icons working the way they’re supposed to.
By the way, you can also spot Trust Score on STON.fi:
This recently introduced feature calculates the coin’s reliability rating by the algorithms of the DYOR.io project. The calculation is based on the trading volume, price changes over the period, the possibility of minting new tokens and other metrics.
The Future
STON.fi is positioning itself as a cross-chain exchange, even if it only operates on the TON blockchain. But development is underway and important goals have been achieved, the most important of which, in my opinion, is the creation of the Omniston exchange protocol, which is still in open test.
The protocol solves the problem of slippage and rate differences between DEXs and resolvers. When a user wants to make an exchange through it, the protocol sends a Request-For-Quote to various liquidity providers, and in response receives ready quotas, among which it selects the best one. At the same time, unlike a regular exchange on DEX, the rate cannot change during the transaction. This ensures zero slippage.
DeDust in turn to develop on other blockchains on plans, and the whitepaper has no clear development plans. In comparison:
DeDust Whitepaper
STON.fi Whitepaper
On top of that, STON.fi actively supports its users in the conversation by giving tips on using the exchange; tokens and liquidity providers by organizing high-yield farming programs.
Popular projects, when they need to integrate DEX functions, choose to integrate STON.fi SDK, which is also a good indication. Hot Wallet, Stonks, TapSwap and many others have already integrated STON.fi SDK into their application.
Telegram — https://t.me/stonfidex
DEX— STON.fi
Whitepaper — https://static.ston.fi/whitepaper.pdf