Where's The DEX?

While the community has its eyes on NFTs 🦩, the fight for dominance on the DEX market had already begun ⚔️.

Decentralized exchanges are a must-have mechanism for any chain – demonstrating hundreds of $millions in trading volume. This May, there'll be more than a few jettons 🪙 that need to be traded, and more than a few DEXes that will handle it.

We're aware of three DEXes in active development 🏗 by three teams: BITON, Tegro, and Tonox. The first one promises to drop an MVP in a matter of days, the second one announced its plans just recently, while the third one had already begun mainnet trading (yet with poor design and only one jetton on the list – its own token).

Unlike CEXes, decentralized platforms will make it easier for projects to get their jettons out there. Running a DEX will also open a whole new world of opportunities like liquidity pools 🩱, governance 👑, staking, lend/borrow – everything to make DeFi possible on TON. And the competition for the no.1 DEX title gets stronger every day as we watch it 👀