Inside TON on the STONfi exchange, you can now see several pairs whose APR has risen again, including both new pools and those that have been around for a long time.
FRT/TON rose to ~157%. This is a relatively new pool that was added through the integration of STONfi and Gas Pump. The pool will continue to show a high APR for some time.
AMORE/TON is currently around ~152%. Farming is active here, so along with the usual APR, rewards in AMORE tokens are also available. Thanks to this, the pair has become one of the most prominent and long-lasting.
TONG/TON is holding steady at around ~150%. This is also a farming option, which often ends up at the top of the pools in terms of APR because the token's activity does its job. Right now, these pairs are starting to stand out a bit from the rest. So, for those interested in liquidity pairs, it's worth paying attention to them.
The team behind the leading exchange of the TON network, STONfi, will hold a final community call on December 18. The project has undergone significant growth, several important updates, and a couple of controversial moments that the team rarely discusses publicly. The stream promises to take an honest look at everything: which features have become key, what had to be reworked in the process, and what conclusions were drawn during the product's development.
They will also share their plans for 2026. Where is the exchange headed, what areas will be prioritized, and how is the role of DEX within the TON ecosystem changing? At the end, there will be a Q&A session with the community, so you can ask any questions you've been wanting to ask for a long time.
The authors of the five most interesting questions will receive 50 STON each, so if you want to find out something directly, it's worth preparing your question well. If you follow TON or just want to understand where local DeFi is headed, be sure to tune in to the broadcast so that any news in the future doesn't come as a shock to you.
There are many prominent tokens in the $TON ecosystem, but there are pairs that form the real foundation of the network. TON/USDT is a key benchmark for prices and an entry point for beginners. It is used for major swaps and Omniston routes. Yes, TON is volatile, and impermanent losses are possible, but it is through this pair that the bulk of the network's liquidity is built.
The STON/USDT pair on STONfi is no less important. It is popular not only because of its stable volume, but also because of its protection against impermanent loss. This makes farming and swaps more predictable and attractive to active users, and the pair itself becomes fundamental to the local economy of the STON token.
In addition, it is through such pairs that users get used to working with pools, monitor APR, and gradually master more complex mechanics and opportunities related to liquidity within STONfi or other projects that offer their own features.
TVL is one of the most indicative metrics within DeFi, and it plays a particularly important role in the $TON ecosystem. Essentially, it is the volume of assets that users are willing to hold within various protocols. The higher the TVL, the higher the degree of trust.
STONfi is currently the prime example of how this statistic translates into a real indicator of quality. Almost half of the network's total TVL is concentrated here, and this is no coincidence. Users do not keep liquidity where it is inconvenient or unsafe for them. They choose a platform where the mechanics work stably, exchanges take place without unnecessary problems, and pools and staking remain among the most reliable within the entire $TON network.
High TVL is not just a statistic. It is an indicator that thousands or even more people use the product for their own purposes every day. And when STONfi has held the leading position for over a year, accounting for half of the total TVL, it shows that this is where the foundation of the ecosystem is concentrated: liquidity, stability, and a working infrastructure that continues to evolve.
The market is inherently volatile, especially at the moment, but I continue to be surprised by how volatile the liquidity pairs of various exchanges on the $TON network are.
And while this is less noticeable on some platforms, on STONfi, it is very noticeable how the APR grows from time to time.
Today, I want to show you the pairs that have increased their APR recently:
TRAIN/USDT, APR - 160%. This is a clear example of the result of the integration of the Gas Pump launchpad and STONfi. In terms of APR, it has been holding steady for more than a week and does not appear to be falling.
STBL/TON, APR - 123%. This pair appeared quite recently, which means that the high APR will remain high for a long time to come.
FRT/TON, APR - 106%. The situation is similar to the previous token: the pair appeared recently, which means that the APR will remain high for a while.
I would like to talk about how STONfi has quietly but significantly changed the trading culture within the $TON network. Previously, everything boiled down to simple exchanges, but now trading on the network looks completely different.
The first thing I want to mention is simplicity. STONfi has made DEX what it should be: understandable and fast. Because of this, trading has become accessible even to those who previously had no experience with DeFi. In fact, this is where a layer of newcomers who tried liquidity for the first time was formed.
The second thing is the culture of liquidity. There are now permanent farmers, traders who don't just exchange tokens, but who follow every pool update and wait for new pools with high APRs and long-term farming.
The third is the impact on the entire ecosystem. STONfi has become an example of what a convenient and honest product on the blockchain should look like. This has led to an increase in the number of transactions, growth in liquidity, mass events, and integrations.
And the most significant thing is the launch of Omniston and SDK. After them, trading in $TON began to feel like a full-fledged ecosystem, rather than a set of disparate tools. It is no longer just a DEX - it is a platform that has formed the rules and logic by which all local trading now lives.
I want to discuss why STONfi has become the main gateway for newcomers to the $TON ecosystem, with more than half of all network exchanges now passing through this exchange. The reason is simple: it is the most intuitive and seamless tool on the network.
Importantly, STONfi is integrated almost everywhere. Wallets, mini-apps, games, and Telegram bots very often run on their infrastructure. Users may not even know that they are taking their first steps through STONfi, but this is precisely what makes the exchange a key entry point into the ecosystem. A convenient experience at the start keeps people interested, and newbies who start learning more keep trading through the exchange itself.
On top of that, there's the Omniston protocol layer. It's a protocol that combines the liquidity of the entire $TON blockchain and finds the best price on the market through RFQ mechanics. As a result, together with Omniston, the exchange becomes a full-fledged ecosystem router. Newcomers do not need to understand where liquidity lies, which DEX is more profitable, or how aggregators work; Omniston does all this for them and also selects the best rate for a pleasant exchange.
Few people have thought about what various $TON network projects are currently built on. It is now used by wallets, bots, gaming applications, and other services that want to integrate reliable exchanges and work with pools without launching their own DEX. We are talking about the STONfi SDK, which was launched back in 2023.
This was followed by the release of SDK 2.0, which established it as the standard for the $TON ecosystem. Support for mintless tokens appeared — a new Jetton model that can be distributed without a smart contract and without commissions. Minting only occurs after the user's first action, which greatly simplifies the launch of projects.
The SDK also added a deadline for transactions, meaning that if a transaction hangs for more than 30 minutes, it is automatically canceled. This is useful for the network itself, as it removes unnecessary load.
And now it turns out that the STONfi SDK has become the technical foundation for the new $TON DeFi layer. Indeed, many proven applications use this very tool, and among the major applications, I would like to highlight Tonkeeper, TON Wallet, and Tonco.
It has long been noticeable that the $TON ecosystem is gradually shifting from centralized exchanges to decentralized ones. And while most users previously viewed DEXs as a supplementary tool, they are now confidently becoming an alternative to classic CEXs. The main difference between DEXs is the absence of intermediaries. I will take the top 1 exchange STONfi as an example, where exchanges are carried out directly through smart contracts. There is no center that could freeze funds or restrict access. The user always remains the owner of their assets, and this is probably the key feature. CEXs are of course also actively used, but they are convenient for those who are simply used to standard exchange mechanics. In $TON , the situation is such that DEX already accounts for most of the activity. Just look at the volumes and liquidity, STONfi confidently holds the leading indicators within the network, and this is logical - protection from impermanent losses, endless farming, a new DAO system, various AMA sessions, a bunch of events and updates. Not every CEX can boast of this. CEXs remain a gateway, but they are no longer the main place where the action takes place. Growing interest in decentralization and the emergence of convenient tools within DEX are gradually forming a new standard.
STONfi is gradually forming a more mature infrastructure around itself, and the launch of DAO is one of the most significant steps. Currently, staking STON tokens within the exchange gives you a special soulbound NFT called ARKENSTON. It is permanently attached to your wallet and essentially becomes your identifier as a participant in the future DAO. But in our case, Arkenston is direct access to protocol management. STONfi has long been the center of liquidity in $TON , and it is clear that the project needs a more distributed decision-making format. DAO solves this problem by shifting some of the power from the team to the community that actually participates in the life of the protocol. The very fact that NFTs cannot be sold or transferred makes the process more honest, with those who really support the ecosystem participating, rather than those who simply bought a place. Arkenston has become a kind of pass to internal decisions, discussions, and initiatives within STONfi. And the size and duration of staking will affect the strength of the vote.
On the STONfi exchange in the $TON ecosystem, some pools stand out again, and each one offers something unique. We would like to tell you a little more about them.
The AMORE/TON pair belongs to the community token of the Amocucinare project and their rather popular character Mr. Duck. There are 20,000 AMORE available for farming, and the farming period lasts until December 31.
STON/USDT remains one of the most stable. The rewards are 10,000 STON, and the duration is unlimited. This pool has become one of the model pools of the entire $TON ecosystem. STORM/TON is simpler: it is a token of one of the major protocols in $TON , the pool is open without time restrictions, and 20,000 STORM is allocated for farming.
I would also like to mention that the APR for these pools is quite high, and farming works in such a way that we receive the reward I mentioned above for providing liquidity.
Looking at the current situation, the total TVL in $TON is approximately $83 million, and the distribution looks like this: As has been the case for a long time, the STONfi exchange ranks first with $39.33 million. The largest part of the network's liquidity is located here. In second place is Storm Trade with $12.34 million. The platform confidently holds its position in terms of volume, most likely due to the specific nature of the exchange. Third place goes to the well-known EVAA Protocol with $11.11 million. I am sure that it will soon take second place, as there are very few similar platforms in the $TON network. DeDust took fourth place with $6.32 million. About a year ago, it was breathing down the neck of the STONfi exchange, occupying second place, but now, due to the lack of any new news about it, people have massively switched to the STONfi I mentioned. The remaining projects divide the remaining liquidity into small pieces — there are many of them, and each plays its own role. The situation is extremely clear: one large center in the form of STONfi and several strong protocols around it. In fact, this is what the entire ecosystem is based on.
In the $TON ecosystem, the issue of impermanent loss remains one of the most important, as tokens with high volatility often appear there and end up in liquidity pairs. They manifest themselves when the assets in the pair begin to diverge in price, and this is precisely why there is a difference between what is deposited and what can be obtained in return.
The STONfi exchange offers a solution that partially smooths out such situations. In the STON/USDT liquidity pair, a model is used where, when these losses occur, compensation of up to $100 will be provided. This is truly unique, as this pair also operates in infinite farming mode, which is a nice addition.
Such solutions are gradually forming a more balanced approach to liquidity within blockchains. And since this mechanism from STONfi has been around for over 10 months, similar pools with protection against impermanent losses will surely appear soon.
Liquidity pools in STONfi continue to be updated, and several notable pairs with growing APRs can once again be seen in the $TON ecosystem:
TRAIN/USDT, APR - 240% TONG/TON, APR - 146% MAJOR/TON, APR - 82%. Recently, this pair has become very volatile, but nevertheless, the APR remains at an extremely high level. STON/USDT, ARP - 30%, the mechanics of infinite farming and protection against partial impermanent losses also remain. I love this pair the most, as I consider it to be a kind of guardian angel among all the pairs.
I would also like to add some good news. STONfi has crossed an important milestone of 30,000,000 exchanges. This proves once again that this exchange has a very good influence and trust of the entire network. This is especially noticeable when looking at the total TVL of the entire network, as STONfi accounts for $40M of the total $84M, which is almost half of the total.
During my time trading in the $TON ecosystem, STONfi has become my primary platform because it offers so many convenient features. Recently, I noticed that they launched their first full-fledged DAO. Now, staked STON is converted into ARKENSTON, which gives real voting rights. The more tokens we have, the more voting rights we have.
The community is growing, liquidity is growing, and governance is exactly what was missing. The point is that any user with a vote can make decisions. Everything is out in the open, and you can vote for any proposal you like.
Liquidity pools, SDK, grant program, AMA sessions — all of this is available and unique to STONfi, and DAO adds another layer of opportunity to participate in shaping the technical direction. After the test phase in Genesis Governance, the launch went smoothly, but in fact became an important update for the entire $TON .
Liquidity pools in STONfi continue to be updated, and pairs that stand out for their APR dynamics and operating features have reappeared within $TON . Currently, the following can be noted:
BRIN/TON - 228% APR TRAIN/USD₮ - 100% APR SWITCH/TON - 8% APR, but the pair is interesting not for its numbers, but for its mechanics - here you can manually adjust the ratio of liquidity contributed, tailoring the pool to your own conditions and strategies STON/USDT - 15% APR, while retaining key features: infinite STON farming and protection against impermanent loss.
These pairs demonstrate the diversity of liquidity pairs on the $TON network. Some pools stand out for their APR parameters, while others stand out for their mechanics, which allow for flexible participation management.
If you follow the internal processes at $TON , these changes give a pretty clear idea of where the STONfi infrastructure is headed.
Tools are emerging in the $TON ecosystem that are gradually forming the technological foundation of the network. One recent example is JetTrade, which runs on top of STON.fi and uses their SDK as the primary mechanism for routing and interacting with liquidity pools.
The integration of two versions of the SDK allows the bot to receive accurate data on the status of network pools. The additional jet_detector service tracks changes in different protocols and transmits updates in real time, which helps JetTrade adapt to the dynamics within $TON without unnecessary delays.
At the same time, STONfi liquidity pools continue to develop. Pairs such as LAMBO/TON, DOGS/TON, EVAA/USDT, and STON/USDT show noticeable APR values, while some, such as STON/USDT and STORM/TON, operate on an infinite farming mechanism.
Recently, a number of useful tools have appeared in the $TON ecosystem, and one of the latest additions is JetTrade, a bot that runs on top of the STONfi infrastructure and uses it as a basis for performing various operations.
The team implemented the STONfi SDK in two versions simultaneously, giving the bot broad access to exchange routes within the network and allowing it to interact with liquidity pools more stably than if there were only one version. The jet_detector service was also created, which tracks changes in the pools of different protocols and transmits up-to-date information on the state of the network to the bot. Thanks to this, JetTrade reacts to dynamics within $TON faster than most standard applications or independent monitoring.
STONfi SDK is becoming an increasingly important part of the technical layer in the ecosystem: it is already being used by huge large-scale projects such as TON Wallet, Tonkeeper, and other major projects. The emergence of JetTrade only shows how much demand there is for infrastructure that simplifies exchanges and makes interaction within $TON more convenient.
Liquidity pools in STONfi are once again showing interesting dynamics. As the market gradually recovers, yields in certain areas are growing, and the $TON network pools themselves are becoming more saturated. At the moment, several notable pairs can be highlighted:
LAMBO/TON - 350% APR DOGS/TON - 74% APR (a noticeable increase compared to last month's values) EVAA/USDT - 80% APR, plus EVAA points farming is happening in parallel, which makes the pool more attractive for long-term participation, as these tokens can be used in their ecosystem. STON/USDT - 15% APR, but here it is worth paying attention not so much to the percentage as to the mechanics: the pool participates in infinite STON farming and also has a mechanism to protect against impermanent loss.
A little more about STON/USDT. Thanks to its model, this pool compensates for some of the price deviations that usually cause IL. This makes the pool more stable for long-term holding, especially during periods when the market is unpredictable. Plus, constant STON farming fully unlocks the potential of this pool.
During the time I have been trading within the $TON ecosystem, I have developed a fairly clear understanding of the various platforms, but at some point, I simply realized that I most often return to the STONfi exchange, not because someone recommended it, but because in the process of trading, it turned out to be the most convenient for me personally.
When I started to look into it more deeply, I was very surprised at how advanced their Omniston protocol was. It has been in operation for over a year now, and during that time it has managed to gather a bunch of liquidity aggregators under its umbrella. At one point, I even came across official statistics showing that a significant portion of $TON exchanges in the US were conducted through it.
The number of liquidity pools and how systematically they are developing also caught my eye. After the integration of large launchpads such as Blum and Gas Pump, new pools began to appear almost daily, and many of them offer quite impressive APRs. And for those who like to delve into farming, there is plenty of room to maneuver.
To be honest, the longer I stay in $TON , the more I realize that, unlike other networks, this one is held together by people who don't just use tools, but study them, test them, create them, and are constantly looking for something of their own. Compared to other networks, this one looks like a bright island in a vast ocean.