DeDust review: liquidity, interface and the DUST token in 2026

DeDust is the second-largest TON DEX by volume and the only real STON.fi competitor. If STON.fi is the “big supermarket” with the deepest liquidity, DeDust is the “specialty shop” — younger, more active in niche pairs, a touch more “engineering-driven” by design. This review is plain and hype-free: what is inside, how the interface differs, where DeDust wins.

TL;DR — what makes DeDust different

Its own AMM factory, written for TON’s native semantics (async messages, jetton wallets).
Two pool types — volatile (classic x*y=k) and stable (StableSwap variant for pegged pairs).
Base pool fee — 0.20% (lower than STON.fi V1’s 0.30%).
Launched its own DUST token in 2024 with a farming programme.
Some niche jettons list on DeDust first — useful for discovery of rare liquidity.

DeDust TVL in H1 2026 hovers around $3–8M per DeFiLlama — clearly below STON.fi, but activity in specific pairs (especially around GameFi tokens and mini-apps) is comparable or higher.

Interface: what the eye notices

If you open ston.fi and dedust.io back to back, the difference is immediate.

STON.fi:

many farming programme banners;
Telegram-Web-App style, bright;
focused on “buy any jetton” in one tap.

DeDust:

dry, engineering layout, no animations;
faster switching between pools and analytics;
a built-in “pools” page with TVL and APR per pool;
a separate Limit Orders tab — DeDust was one of the first on TON to offer limit orders via off-chain matching and on-chain settlement.

To each their own: minimalist taste — DeDust; colourful Coinbase look — STON.fi. Performance is the same.

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Limit orders on a DEX

In DeDust limit orders work via an off-chain reserve with guaranteed on-chain execution. For volatile jettons that is more valuable than it looks — you set the target rate and pay no gas until the order fills.

Pool architecture

DeDust splits pools into two classes:

Volatile pool — standard constant-product AMM. Fee 0.20% by default, factory allows up to 1% for exotic pairs. Fits any TON-jetton with normal volatility.
Stable pool — modified StableSwap invariant. Fee 0.04% (lower because slippage is tiny). Used for USDT-USDC, stTON-TON, tsTON-TON and similar pegged pairs.

That gives DeDust a small edge in a specific segment: swapping stTON to TON directly via the stable pool is cheaper and lower-slippage than on STON.fi V1.

DUST token: what and why

DUST launched in 2024 as a farming and governance token. Distribution channels:

LP farming — liquidity providers in active pools earned DUST on top of trading fees.
Trade mining — short campaigns where bonus DUST went to active traders.
Early-user airdrop — one-time TGE distribution.

Today (2026) DUST trades on DeDust itself in the DUST-TON pair. Use case — votes on new pools and fee parameters. Speculatively DUST stays high-vol like any DEX token; “buy and hold” only makes sense if you believe in long-term DEX liquidity growth on TON.

Scenarios where DeDust wins

Staking derivatives (stTON, tsTON, hTON). Stable pool with low fee and slippage — perfect for arbitrage or exiting liquid staking back to native TON.
GameFi tokens and niche jettons. Some teams list on DeDust first thanks to a friendlier factory and better launch UX.
Limit orders. If you want to buy a jetton at a specific price without sitting in the order book — DeDust is one of the few options on TON.
Pool analytics. The /pools page in DeDust shows APR, 24h volume and LP share — on STON.fi this data is fragmented.

Open DeDust

TON's second-largest DEX. Stable pools, limit orders, niche jettons.
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Where DeDust loses

Honesty cuts both ways.

Liquidity depth. On TON-USDT and TON-NOT (the two base pairs) STON.fi holds more TVL — the final rate on big swaps ($1000+) is often worse on DeDust.
Marketing and recognition. Most mini-apps and Telegram bots default to the STON.fi API. The casual user simply does not stumble onto DeDust.
Fewer farming programmes. STON.fi is more aggressive with LP incentives, which pulls more liquidity.

Step-by-step DeDust swap

Open dedust.io, Connect Wallet via TON Connect.
Pick a pair, e.g. TON to STON or TON to DUST.
In the Settings dropdown set slippage: 0.5% for big pools, 1–2% for small ones.
Verify the route (Pool Path in the expandable block) — sometimes DeDust routes through two pools.
Confirm the transaction in your wallet. Gas ~0.1–0.2 TON.
In 5–15 seconds the token is in your wallet. Swap history is in the dashboard and on tonscan.org.

Security notes

TON Connect in DeDust is fully supported with Tonkeeper, MyTonWallet, Tonhub. Wallet in Telegram does not connect — it is a custodial service without on-chain signing.
Audits. Trail of Bits and ChainSecurity audited the core contracts in 2023–2024.
Phishing. Telegram ads keep cycling domains like dedust-io.com and dedust.app — bookmark the original dedust.io and never click referral links from DMs.

When to pick DeDust vs STON.fi

If you want a universal everyday DEX — STON.fi. If you need stable arbitrage, limit orders, a rare jetton or a niche GameFi token — DeDust. Many users keep both connected and route through whichever quotes a better rate. Detailed comparison — in the “STON.fi vs DeDust where to trade” piece.