In the $TON ecosystem, new tokens almost always start their journey on decentralized exchanges. This is because most of them appear within Telegram applications, games, or services, where the token is immediately used as part of the mechanics rather than as a ready-made trading asset. At this point, it is not the listing showcase that is important, but the ability to quickly provide users with exchange and liquidity.

Such tokens are often simply not suitable for centralized exchanges. They lack volume, trading history, and clear metrics, and often do not meet risk and compliance requirements. But the token still needs a place where it can go beyond the app and start living its own life.

And this is where STONfi usually comes in. The exchange allows you to launch a token almost immediately: add liquidity, give users the opportunity to exchange the token, and see how it behaves in real conditions. The first volumes appear, the price is formed, and it becomes clear whether there is real interest in the token. In previous years, when airdrops were popular, this is how many tokens first entered the market.

And over time, it is precisely the activity on DEX that makes it clear what will happen next. Either the token continues to be used and develops, or it remains a common story. In this sense, DEX exchanges in $TON have long become a filter through which most new projects pass before the next stage of their life.