Overview
STON.fi v2 is a decentralized AMM built on the TON blockchain. It promises zero fees, lightning-fast swaps, and seamless wallet integration - but the real test lies in traction and liquidity.
Risks and weak spots
STON.fi v2 shows ambition, yet action remains modest. Daily volume hovers in the low hundreds of thousands - far from vibrant. One report pegs 24-hour dex volume at just around 1.54 million USD. While not nothing, it’s a whisper compared to giants. Data shows 68 coins across 174 pairs, but depth is often thin - a few active pools, most left inactive.
STON.fi v2 also stretches its features: cross-chain swaps, advanced order types, DAO governance, margin trading. But many of these are still promises - announced in phases, yet not live or widely used. That gap between promise and practice leaves users waiting.
Security weighs in neutrally. The protocol passed an audit for STON.fi V1, signaling diligence. Yet TON contracts face limited scrutiny compared to Ethereum giants. Smart contracts may be open source, but ecosystem trust needs time.
TON’s ecosystem matters here - if TON doesn’t boom, STON.fi remains a niche. The chain’s adoption is measured, meaning DEX users are few, making liquidity expansion structurally slow.
Essence and capabilities
STON.fi v2 is built tight. Wallet integration is seamless - trade via Toncoin wallet, keep custody, skip kyc. Swaps go through AMM pools natively and swiftly. TON’s architecture delivers near-instant confirmations, sub-cent transaction fees, and high scalability.
Cross-chain capability and innovative features are on the roadmap. Plans include stable-swap routing, Telegram bot integration, DAO control, margin trading - all bound to TON’s multi-chain vision.
Trading tools are basic yet functional - orderbook tools may be added later, but for now it’s pure swaps. Simplicity can be virtue if liquidity grows.
Community engagement is a focus. Founded in 2022, STON.fi markets itself as a human-faced DEX - reachable through telegram, responsive in tone, aiming for a mass audience.
Summary table
| Component | Details |
|---|---|
| Platform Type | Decentralized exchange (TON-native AMM) |
| Launch Year | 2022 |
| Feature Set | Fast transfers, minimal fees, wallet-native swaps |
| 24h Volume | Low hundreds of thousands USD |
| Markets | ~68 coins, ~174 trading pairs |
| Strengths | Speed, ease, integration with TON wallets, on-chain control |
| Risks | Thin liquidity, feature gaps, TON’s ecosystem dependence |
Strengths & weaknesses
| Strengths | Weaknesses |
|---|---|
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Final word
STON.fi v2 arrives as a sleek, TON-native DeFi venue - fast, fee-light, and user-focused. But it currently floats quietly. That’s not a flaw - this is early DeFi, waiting for demand to catch up to the stack.
If TON gains traction, STON.fi could rise with it: surging liquidity, multi-chain moves, productive token tools, and active governance. But if TON lags, STON.fi may stay locked in niche status.
Right now, the project is less a trading powerhouse and more a canvas - built well, clean, and ready. The question is: will users show up to fill it?