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TON Ecosystem DEX Bidask Exceeds $1.3 Million in Trading Volume in First Month, TVL Reaches $300,000
Summary: According to reports, the TON Foundation introduced a new important member in the ecosystem - Bidask, a centralized liquidity market maker (CLMM) DEX built for the TON blockchain. Bidask aims to provide higher capital efficiency and lower trading slippage by allowing liquidity providers (LP) to concentrate capital in specific price ranges. In its first month ...
According to reports, the TON Foundation introduced a new important member in the ecosystem - Bidask, a centralized liquidity market maker (CLMM) DEX built for the TON blockchain. Bidask aims to provide higher capital efficiency and lower trading slippage by allowing liquidity providers (LP) to concentrate capital in specific price ranges. In its first month on the mainnet, Bidask has processed over 1,400 exchanges, with a trading volume of $1.3 million and a total value locked (TVL) of $300,000, with the TON liquidity pool's average annual percentage yield (APY) reaching 40%. Bidask has also reduced developers' integration difficulty through Trade Account smart contracts and Trading API, and has been integrated into mainstream wallets such as Tonkeeper and Bitget Wallet. As a member of the TeFi Alliance, Bidask is collaborating with other top DeFi protocols to become the core liquidity layer of the TON ecosystem.
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Link: TON Ecosystem DEX Bidask Exceeds $1.3 Million in Trading Volume in First Month, TVL Reaches $300,000 [Copy]
