TONCO
Concentrated liquidity V3 for TON
2024
AMM
Partial
7.2/10
Pros
- First and only V3 concentrated-liquidity DEX on TON — up to 95% capital efficiency
- Algebra dynamic fee — automatically scales on volatility, protects LPs
- Positions as NFTs (TEP-62) — transferable, tradeable, future collateral candidate
- Three fee tiers (0.05% / 0.30% / 1%) tuned for different pair classes
- Algebra Labs heritage — battle-tested CLAMM engine carried over from EVM
Cons
- Higher LP barrier — range selection matters; if price exits your range you stop earning fees
- Audit coverage is partial across modules — openness is not full
- Limit orders are still on the roadmap (V4 plugins) — not live yet
- TVL and volumes trail STON.fi and DeDust — long-tail depth is limited
What it is
TONCO is the first concentrated-liquidity (CLAMM) DEX on TON, launched on mainnet in November 2024 by the Algebra Labs team — the same engineering crew behind Algebra forks of Uniswap V3 on EVM chains. Liquidity providers set the price range in which their capital is active, delivering up to 95% capital efficiency versus a classic x*y=k AMM and materially lower slippage inside narrow ranges. Architecture: each pool is its own contract, positions are NFTs (TEP-62), with three fee tiers (0.05% / 0.30% / 1%) plus the Algebra-style dynamic fee. TON Connect is supported, LP farming is live, and V4 plugins (limit orders, fee discounts) are on the roadmap. Best for advanced LPs, stable-pair market-makers and traders who care about tight pricing on top pairs.
TVL and volume: TVL is read on-chain via per-pool getPoolStateAndConfiguration. Aggregated TVL surfaces on DefiLlama and via api.tonco.io/v1/pools — we don't bake moving numbers into static JSON.
What it can do
- Model
- AMM
- Founded
- 2024
- Audit
- Partial
- Open source
- Partial
- TON Connect
- Yes
- Spot
- Yes
- Limit orders
- No
- Perpetuals
- No
- Stable swap
- No
- Concentrated liquidity
- Yes
- LP rewards
- Yes
Editorial score
Scores are editorial, not financial advice. Each axis is 0–10.
- Liquidity 6.5/10
- UX 7.0/10
- Features 8.5/10
- Security 7.0/10
- Overall 7.2/10