> For the complete documentation index, see [llms.txt](https://doc.torch.finance/dex/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.torch.finance/dex/getting-started/challenges-on-ton.md).

# Challenges on TON

## The Rise of Stablecoins on TON

Since **April 2024**, when **Tether** launched its native stablecoin on the TON blockchain, we have witnessed a **phenomenal surge in stablecoin adoption**. From merchants leveraging TON as a **Miniapp provider** to everyday Telegram users enjoying the convenience of stablecoins, this rapid growth has drawn the attention of numerous stablecoin issuers to the TON ecosystem.

We anticipate by **2025**, with a diverse array of stablecoins flourishing on TON, a pressing question emerged: 

> Where can users swap stablecoins at the best rates?

## **A Market in Need of Efficiency**

Existing platforms like **STON.fi** and **DeDust**, while functional, struggle to fully optimize capital efficiency. Their algorithms often result in **significant slippage**, making trades unnecessarily costly. This inefficiency highlighted a crucial need in the market—a robust solution capable of minimizing slippage and maximizing cost-effectiveness for users.