Sirwin
Sirwin

The DeFi Revolution: Unique Opportunities on TON Blockchain through STON.fi

By gregoricordova | gregoblog | 20 Dec 2023


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Introduction:


The world of decentralized finance (DeFi) has experienced exponential growth in recent years, revolutionizing the crypto market and opening new opportunities for mass adoption of cryptocurrencies. The Total Value Locked (TVL) in DeFi has reached $52.71 billion, exceeding the GDP of 91 countries in 2023, which raises a new horizon in which there is a unique opportunity for promising projects like STON.fi, powered by the powerful TON blockchain, which recently obtained the Guinness record as the fastest blockchain in the world.

In this article, we will explore how DeFi is transforming the crypto landscape and how TON Blockchain, together with Telegram, is leading this revolution, and we will highlight the crucial role of the ston.fi DEX in this exciting ecosystem.

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DeFi, or decentralized finance, refers to a variety of financial applications and platforms that operate on the blockchain, eliminating traditional intermediaries and enabling faster, more secure and accessible financial transactions for everyone. These platforms offer a wide range of services, such as lending, trading, staking, farming, and more, all without the need for centralized intermediaries.

The importance of DeFi lies in its ability to democratize finance and provide financial services to people around the world, especially those who do not have access to traditional banking services. Furthermore, DeFi offers transparency, security and autonomy to users by allowing them to have full control of their assets and participate in decision-making on the network.

But there is one dex that definitely stands out from the competition for a series of very valuable, simple and powerful innovations that will take the DEFI market to another level. STON.FI has a cross-chain mechanism that is about to launch in 2024, and which will facilitate interoperability between all blockchains, thus allowing users to not have to waste time and money carrying out a large series of steps. as is currently the case to send crypto from one network to another. It also highlights a DAO voting system, with which users, by staking the native STON token, obtain voting power in future decisions of the ecosystem, something unique and innovative in this type of defi platforms. Another notable achievement is the fact of being able to provide liquidity in just one transaction instead of two as in most dexes of this type, which demonstrates the commitment of the developers and the team in facilitating and breaking down the existing obstacles to facilitate and simplify crypto adoption

https://app.ston.fi/

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TON Blockchain is a completely decentralized blockchain designed to support billions of users.
With ultra-fast transactions (the fastest in the world), low transaction fees and easy-to-use applications, TON Blockchain aims to improve the core technologies of the Internet by implementing its own components, such as DNS, DeFi and decentralized storage.
I invite you to read a little of her story with Telegram if you still don't know her in the following tweets

 

Telegram, on the other hand, is a popular messaging platform with millions of users around the world. The combination of TON Blockchain and Telegram has created a unique opportunity to massify cryptocurrency adoption and bring decentralized finance to a broader audience. Telegram users can easily access DeFi applications on the TON Blockchain and engage in various financial activities seamlessly.

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ston.fi is a DEX (Decentralized Exchange) that operates on the TON Blockchain and offers a wide range of DeFi services. As a DEX, ston.fi allows users to trade cryptocurrencies directly from their wallets without the need for centralized intermediaries. Launched on the market a year ago, stonfi's numbers are multiplying rapidly and it has become the favorite DEX in the entire TON ecosystem in such a short time.
ston.fi is also a key participant in massifying cryptocurrency adoption by offering an intuitive and friendly user interface. This allows novice users to easily access DeFi services and engage in financial activities without any hassle. Additionally, ston.fi offers staking and farming options, allowing users to earn additional rewards for holding their cryptocurrencies on the platform.


It is the official dex of the tonkeeper wallet, and recently it also became the official dex of the telegram @wallet, placing it in a very favorable and privileged position in which 800 million active telegram users can access the defi market comfortably. without leaving the app at any time.

Let's look at some important numbers

 

  • STON.fi became TOP-1 for unique users and liquidity providers on TON Blockchain surpassing $4.1M TVL
  • It leads in TVL among all the most popular DEXs on TON and has the highest daily trading volume reaching $1,000,000
  • It has the best performance among the DEXs in the TON ecosystem, going from 10,000 active users to 20,000 in just 5 months.
  • 72% of users prefer to use only STOn.fi for their operations in the TON ecosystem
  • Our STON token has more than 1000 holders, and its liquidity exceeds $700,000
  • There are approximately 7,194 active users per month using the DEx for any activity, whether farming, swapping, or staking.
  • The percentage of new wallets has increased by 67.94%
  • Farming in 7 trading pairs has brought more than $300,000 to the users
  • 20,000 JETTON were distributed in the TON-JETTON farm recently and The JetTon team has decided to extend JETTON farming on STON.fi DEX.
  • Every month, 9,000 JETTON will be distributed in the new TON-JETTON farm
  • This month the stonbassadors program distributed 2101 STON to 150 users for their contributions to the platform, in which more than 2700 different submissions were received.
  • More than $65,000 or 26,000 STON were sent to STON.fi NFT holders, which were earned by participating in various contests and activities recently (I am one of the happy lucky ones :)
  • 1000 STON were distributed in a free tournament in conjunction with fantom, the popular fantasy fooball game on TON

 

Those are just some of the most notable numbers we've had recently, but there are many more, and we'd spend a long time talking about them, so I've decided to summarize them for you. There will be many more and extraordinary news coming soon that will undoubtedly make Ton's promise of putting crypto in every pocket come true and stonfi plays a key role in that sense.

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gregoricordova
gregoricordova

cryptocurrency enthusiast and passionate writer in my spare time


gregoblog
gregoblog

My intention here is to raise awareness about the potential of the blockchain and all the capabilities that cryptocurrencies have to offer us. so ... enjoy!

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