The TON blockchain is gaining massive traction, and at the heart of its DeFi movement sits STON.fi; a decentralized exchange (DEX) that has quietly processed over $6B in volume and now dominates TON’s liquidity layer.

With Telegram-native access, smooth UX, and novel farming mechanics, STON.fi is shaping up to be the DeFi hub for TON users. In this article, we’ll break down:

The role of $STON and $GEMSTON tokens
New farms and farming mechanics
Popular tokens driving liquidity
Why STON.fi is becoming the cornerstone of TON DeFi

$STON and $GEMSTON: Utility Meets Engagement

$STON – The Core Utility Token

Total supply capped at 100M, with ~35M circulating.
Powers governance, staking, and rewards distribution.
Currently priced around $0.80, with active liquidity on STON.fi.

$GEMSTON – The Incentive Layer

Distributed to stakers as engagement rewards.
Freely transferable and tradabled.
Used in GemSquads to vote for which pools receive farming rewards.

$ARKENSTON – Governance NFT

Earned when staking STON.
Non-transferable (“soulbound”) and burned after unstaking.
Unlocks DAO participation in the future.

How it all ties together: Stake $STON → earn $GEMSTON (rewards) + ARKENSTON (governance rights).

Farming on STON.fi: What’s New?

STON.fi’s farming is where DeFi meets gamification. Current and upcoming pools include:

STON/USDT – the flagship liquidity farm
WOOF/TON, POE/TON, TADA/TON – popular ecosystem pairs
Stablecoin farms via AquaUSDT and AquaUSD/USDT pools
$CATI Farms – from Catizen app, offering ~$86K in total rewards across CATI/TON and CATI/USDT pairs

GemSquads Season 4

This is where $GEMSTON really shines:

Community votes on which pairs deserve farming rewards.
10,000 $STON is allocated.
Top pool gets 1,750 $STON, while even the 10th place secures 100 $STON.
Voting ends Sept 16, with farming live from Sept 17.

Tokens Heating Up on STON.fi

Beyond the governance and farms, TON’s memecoin culture is thriving:

$DOGS → TVL > $1.25M on STON.fi
$NOT → Originating from Telegram TapTap game
$VILARSO → Hit ~$2.4M market cap recently
$DUREV and others riding the TON memecoin wave

These community-driven tokens are pulling liquidity and attention straight into the STON.fi ecosystem.

Key Takeaways

$STON is the backbone → The core utility and governance token of STON.fi. With a capped supply of 100M, staking $STON unlocks rewards and DAO participation.

$GEMSTON drives engagement → Earned through staking, tradable on the DEX, and central to GemSquads voting where the community decides farming allocations.

$ARKENSTON adds governance depth → A soulbound NFT, issued to stakers, that represents voting power in the upcoming DAO. It’s non-transferable and burns on unstake.

Farming is evolving fast → From STON/USDT and WOOF/TON pools to stableswap markets (AquaUSD/USDT) and high-reward $CATI farms, LPs have multiple yield options.

GemSquads Season 4 is live → 10,000 $STON rewards are distributed based on community votes. Pools ranked by votes share the incentives, with the top pool getting 1,750 $STON.

Memecoins are fueling liquidity → $DOGS, $NOT, $VILARSO, and $DUREV are gaining traction, adding energy and TVL to the STON.fi ecosystem.

Final Word

STON.fi isn’t just a DEX, it’s the liquidity backbone of TON, blending governance, community-driven farming, and a vibrant token ecosystem.

With $STON staking, $GEMSTON incentives, and dynamic GemSquads farming, STON.fi sets the stage for a sustainable, community-owned DeFi hub. And with TON’s growth fueled by Telegram’s massive user base, this may just be the beginning of something much bigger.

👉 Explore more: STON.fi

STON.fi Ecosystem: $STON, $GEMSTON, and the Next Wave of DeFi on TON