STON.fi Tokenomics: Why STON Failed to Capture the DEX's Growth
STON.fi is the number one DEX on TON by TVL, yet STON trades 98.7% below its April 2024 peak. The gap is value capture, not utility: of $5.63M in annual fees, $1.47M (26%) reached the protocol — and no trader needs the token. A data-led breakdown with the 8Blocks rating of 63/100 (BBB).







