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.