Also: decentralized exchange
A DEX (Decentralized Exchange) is an exchange where token swaps happen through smart contracts, without a centralized operator. The user connects a wallet and trades directly with a liquidity pool or another user.
Top DEXes on TON: STON.fi, DeDust, Megaton. Most are built on the AMM (automated market maker) model.
The unique identifier of an account or contract on a blockchain.
Abstract Datagram Network Layer — TON's low-level peer-to-peer protocol.
Automated Market Maker — algorithmic pricing through a liquidity pool.
A group of transactions finalized by validators and chained to the previous block.
Bag of Cells — the binary serialization format for structured data and smart contracts in TON.
Centralized exchange — custodial exchange (Binance, OKX, Bybit).
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