In the first month since the launch of the TON ecosystem DEX Bidask, the trading volume exceeded 1.3 million USD, and the TVL reached 300,000 USD

ChainCatcher news, the TON Foundation has published an article introducing an important new member in the ecosystem ------ Bidask, a centralized liquidity market maker (CLMM) DEX built specifically for the TON blockchain. Bidask aims to provide higher capital efficiency and lower trading slippage by allowing liquidity providers (LPs) to concentrate capital in specific price ranges.

In the first month since its mainnet launch, Bidask has processed over 1,400 exchanges, with a trading volume reaching $1.3 million and a total locked value (TVL) of $300,000, where the annualized yield (APY) of the TON liquidity pool averages 40%. Bidask has also reduced the integration difficulty for developers through the Trade Account smart contract and Trading API, and has been integrated into mainstream wallets such as Tonkeeper and Bitget Wallet. As a member of the TeFi Alliance, it collaborates with other leading DeFi protocols, aiming to become the core liquidity layer of the TON ecosystem.