TON ecosystem DEX Bidask surpasses $1.3 million in trading volume and reaches $300,000 TVL in its first month

According to ChainCatcher, the TON Foundation has introduced an important new member of its ecosystem—Bidask, a concentrated 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 within specific price ranges.

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