The TON (The Open Network) blockchain has rapidly emerged as a powerful infrastructure for decentralized finance (DeFi), offering high-speed transactions and minimal fees. As a result, decentralized exchanges (DEXs) built on TON are gaining significant traction among crypto traders and investors seeking efficient, secure, and user-controlled trading environments.
In this comprehensive guide, we explore the top 10 DEXs on the TON blockchain in 2025, analyze their unique features, and provide actionable insights to help you choose the best platform based on liquidity, functionality, security, and user experience.
Why DEXs on TON Are Gaining Popularity
Decentralized exchanges on the TON blockchain leverage the network’s scalability, low latency, and energy-efficient consensus mechanism. These advantages translate into faster trade execution, reduced slippage, and near-zero transaction costs—key factors driving adoption across the global DeFi community.
Unlike centralized exchanges (CEXs), DEXs eliminate intermediaries by using smart contracts to automate trades directly from users’ wallets. This ensures full asset ownership, enhanced privacy, and reduced exposure to hacks or platform failures.
👉 Discover how fast and secure decentralized trading can be on a high-performance blockchain.
Top 10 DEXs on TON Blockchain in 2025
1. Storm Trade
Storm Trade stands out as a feature-rich decentralized exchange offering perpetual futures with up to 50x leverage. It supports various assets and integrates seamlessly with Telegram, making it accessible for social traders. The platform includes gamified elements like trading tournaments and a referral program, encouraging community engagement. STORM token holders earn a portion of trading fees, incentivizing long-term participation.
Key Features:
- Up to 1% swap fee
- Cross-chain bridge support
- Social trading and Telegram integration
2. STON.fi
As one of the leading DEXs on TON, STON.fi emphasizes full decentralization and non-custodial asset management. Users retain complete control over their funds while benefiting from near-zero slippage and minimal trading fees—often as low as 0.3%. The platform utilizes advanced liquidity pool algorithms and plans to introduce margin trading and gasless swaps in future updates.
Key Features:
- Supports card purchases
- Cross-chain compatibility in development
- Transparent fee structure
3. DeDust.io
DeDust.io is a top-tier Automated Market Maker (AMM) on TON, known for high liquidity and robust trading volume. It enables direct token swaps without intermediaries and uses its innovative Donation Protocol 2.0 to optimize efficiency and incentivize liquidity providers through native token rewards.
Key Features:
- Up to 1% swap fee
- High liquidity pools
- Native token incentives
4. TON Diamonds DEX
TON Diamonds DEX functions as an AMM aggregator, pulling liquidity from major TON-based DEXs like STON.fi and DeDust.io to offer users the best available prices. With zero swap fees, fast execution, and minimal slippage, it's ideal for cost-sensitive traders.
Additional features include NFT support and auction mechanisms, expanding its utility beyond basic swaps.
Key Features:
- 0% swap fee
- Aggregates liquidity across multiple DEXs
- NFT marketplace integration
5. MARS DEX
MARS DEX provides access to all tonNetwork tokens, including those that may not be listed on larger platforms. It combines functionalities from STON.fi and DeDust.io, offering rapid wallet connections and seamless swaps. Each token comes with detailed analytics, empowering informed decision-making.
The ecosystem also includes Telegram-based gaming bots, enhancing user engagement.
Key Features:
- Up to 0.3% swap fee
- Token analytics dashboard
- Integrated gaming experience
6. Swap.coffee
Swap.coffee delivers secure, transparent, and efficient cryptocurrency trading through smart contracts on the TON blockchain. It focuses on enabling safe over-the-counter (OTC) trades while planning to introduce advanced tools like order books and portfolio managers.
Key Features:
- Up to 0.3% swap fee
- OTC-focused trading model
- Roadmap includes investment tools
👉 Explore how decentralized protocols are reshaping digital asset trading.
7. Snapster Trading
Snapster Trading is an emerging DEX currently in rollout phase. While full trading capabilities are not yet live, users can participate via internal points ("Tapalochki"), appealing particularly to Telegram power users. Once launched, it will feature a decentralized order book and peer-to-peer matching system.
Key Features:
- Fee structure pending launch
- Decentralized order book model
- Telegram-native interface
8. Kibble Exchange
Built on TON, Kibble Exchange offers zero-fee swaps alongside staking and yield farming opportunities. Its user-friendly interface makes it accessible for beginners, while advanced features cater to experienced DeFi users.
Key Features:
- 0% swap fee
- Staking and yield generation
- Community-driven development
9. Megaton Finance
Megaton Finance operates as a full-featured DEX on TON’s mainnet, supporting automated market making, token swaps, and cross-chain interoperability with networks like Ethereum and Polygon. It facilitates trading of Jetton tokens via liquidity pools.
Holders of the MEGA governance token can vote on proposals and earn rewards, with 54% of tokens allocated to liquidity incentives.
Key Features:
- 0.1% swap fee
- Cross-chain asset support
- Governance via MEGA token
10. ION Finance
ION Finance introduces a hybrid trading model, combining Central Limit Order Books (CLOB) with AMM mechanisms. This allows users to choose between strategic limit orders and automated market-making based on their preferences.
Focused on financial inclusion, ION Finance aims to eliminate counterparty discrimination and reduce systemic risks in DeFi.
Key Features:
- Swap fees starting at 0%
- Hybrid CLOB + AMM architecture
- Emphasis on fair access
How to Choose the Best DEX on TON Network
When evaluating decentralized exchanges on TON, consider these critical factors:
- Liquidity: Deep liquidity pools reduce slippage and improve trade execution.
- Trading Fees: Compare fee structures; lower fees benefit frequent traders.
- User Interface: An intuitive design enhances usability, especially for newcomers.
- Supported Assets: Ensure compatibility with desired tokens (e.g., TON coin, Jettons).
- Governance & Decentralization: Platforms with governance tokens allow user participation in ecosystem decisions.
- Security Audits: Prioritize DEXs with audited smart contracts and bug bounty programs.
Frequently Asked Questions (FAQ)
What is a DEX on the blockchain?
A decentralized exchange (DEX) operates without a central authority, using smart contracts to facilitate peer-to-peer cryptocurrency trading directly from users' wallets.
What are the benefits of using a DEX on TON compared to centralized exchanges?
DEXs on TON offer greater security (no custody of funds), no KYC requirements, resistance to censorship, lower fees, and faster transactions due to the network’s optimized architecture.
What is TON Diamonds DEX?
TON Diamonds DEX is a liquidity-aggregating protocol on the TON blockchain that sources prices from multiple DEXs to deliver optimal swap rates with zero fees and minimal slippage.
Which tokens can be traded on TON DEXs?
Most TON-based DEXs support the native TON coin and various Jetton tokens—fungible tokens issued within the TON ecosystem.
How do smart contracts power DEXs on TON?
Smart contracts automatically execute trades when predefined conditions are met, ensuring transparency, eliminating counterparty risk, and removing the need for intermediaries.
What risks are associated with using DEXs on TON?
Potential risks include smart contract vulnerabilities, impermanent loss for liquidity providers, lower liquidity for new tokens, phishing scams, and reliance on self-custody security practices.
Final Thoughts
The rise of decentralized exchanges on the TON blockchain marks a transformative shift in how users interact with digital assets. With superior speed, negligible fees, and strong privacy guarantees, these platforms offer compelling alternatives to traditional exchanges.
As DeFi continues to evolve in 2025, platforms like STON.fi, DeDust.io, and TON Diamonds DEX lead innovation by integrating advanced features such as cross-chain support, hybrid trading models, and community governance.
By understanding your priorities—whether it’s low fees, high leverage, or maximum decentralization—you can select the right DEX to match your trading goals.
Always conduct thorough research before engaging with any DeFi platform. While opportunities abound, so do risks—stay informed, secure your wallet, and embrace the future of finance responsibly.
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