Challenges on TON

Exploring inefficiencies in stablecoin swaps and the growing demand for liquidity solutions

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.