A Deep Dive Into DeDust

Decentralized crypto exchanges (DEXs) continue to grow in popularity, nearly reaching a trillion dollars in trading volume over the past years. The increase is because decentralized exchanges enable direct transactions between buyers and sellers to operate without an intermediary and have lower transaction fees compared to centralized exchanges.

One of the great (DEXs) exchanges that has added to this statistic is DeDust. DeDust is the most advanced decentralized exchange (DEX) on the TON blockchain. The ground-breaking DeDust Protocol 2.0 is the brains behind DeDust, and that is what makes it stand out in terms of operation and quality performance. DeDust is not just an exchange; it's a new era in decentralized apps, carefully considered in terms of extensibility, gas efficiency, and user experience (UX).

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DeDust adds several distinctive features to DeFi on the TON Blockchain that improve functionality and the user experience. Using an abstraction layer enables the smooth integration and switching of many asset types that go beyond the conventional single asset type. This gives customers unmatched versatility in the user management of their digital assets and covers both native currencies and tokens from other networks.

In this article, we explore an in-depth overview of DeDust, emphasizing its innovations, technological developments, the implications for developers and users, and the future of blockchain technology with the possible effects on the decentralized finance (DeFi) ecosystem.

What Is DeDust?

A large percentage of people want enhanced anonymity and privacy; this implies that people desire to have custody of their assets.

DEXs were developed to do away with the need for any kind of authority to supervise and approve deals made on a particular exchange. Coins can be traded peer-to-peer (P2P) via decentralized exchanges. A peer-to-peer marketplace connects cryptocurrency buyers and sellers. They are often non-custodial, allowing users to maintain control over the private keys in their wallets.

DeDust is an automated market maker (AMMs) a type of decentralized exchange (DEX) that uses algorithmic “money robots” to make it easy for individual traders to buy and sell crypto assets. Instead of trading directly with other people as with a traditional order book, users trade directly through the AMM.

Just as Flagship offers a unique and innovative platform that allows users to invest in a diverse range of cryptocurrency portfolios with ease and confidence, DeDust is also for anyone looking to trade cryptocurrencies in a decentralized manner. It favors people by providing a lower transaction fee, enhanced security, and faster processing times.

How Does DeDust Work?

DeDust is designed to be user-friendly and accessible for those already familiar with TON. DeDust is built directly on the TON blockchain. It is the most sophisticated decentralized exchange (DEX) with the ground-breaking DeDust Protocol 2.0 at its heart. This model was created to ensure fast and efficient transactions. Users connect their wallets, select the tokens they want to trade, and execute transactions seamlessly. With its advanced design that prioritizes extensibility, gas efficiency, and user experience (UX), DeDust ushers in a new age of decentralized apps that go well beyond the conventional features of exchange.

Not only is the DeDust protocol innovative, but it is also adaptable. It makes use of the model and sharding that are built into the TON blockchain to be a standout example of blockchain innovation.

DeDust has developed a platform that combines these cutting-edge technologies with the tried-and-true object-oriented design concepts of abstraction and polymorphism, making it both robust and easy to use.

Similar Projects

Similar projects include PancakeSwap, Uniswap, and SushiSwap. However, DeDust stands out with its advanced use of the DEX market. With its improved performance and user experience, DeDust upends both the established DEX market and the old centralized exchange industry. The TAM (Total Addressable Market) consists of all cryptocurrency traders and DeFi participants. Similarly, you can use Flagship to invest in all crypto tokens hosted on any blockchain, and you even get to invest in portfolios curated by experts.

Key Innovations

Asset abstraction

DeDust moves beyond the traditional single asset type, using an abstraction layer that allows for seamless integration and swap of various asset types, including native coins and tokens from other chains. Developers frequently turn to solutions like "wrapped native coins" (e.g., WETH for ETH, WTON / pTON for TON), in contrast to many well-known protocols that are made to function only with a specific asset type (e.g., only with ERC-20 and not with the native coin). This method uses more gas by nature.

Deviating from the norm, DeDust presented the asset idea. An asset acts as a form of abstraction over certain asset categories. Because it doesn't matter what asset is utilized, the switch procedure is simpler. Furthermore, we can effortlessly incorporate novel asset categories (such as additional currencies or assets from different chains) to guarantee our perpetual leadership in the ever-changing DeFi environment.

DeDust staking programme

The launch of Dedust's staking program is a major development for the DeFi ecosystem. It gives users the chance to increase the stability and liquidity of the dedust ecosystem while generating passive money. Stakeholders gain from this creative strategy, which also increases the $SCALE token's total utility. It promotes more uptake and participation in the Dedust community.

In its decentralized exchange, DeDust has more than $7 million in Total Value Locked (TVL). Additionally, DeDust has introduced $SCALE, its own currency intended to encourage users to add liquidity to the exchange's token pools.

In addition to trading tokens, users may contribute liquidity to the pools in return for a portion of the fees. Additionally, DeDust offers an early-stage bridge that links Ethereum and the TON blockchain, making it simple for users to move wrapped Bitcoin (WBTC) and stablecoins (USDC, USDT, and DAI) between the two networks. Lastly, you may access your complete TON-based portfolio simply by using the app. Given the early stage of the ecosystem and the software itself, it is not surprising that the DeDust Telegram app is still fairly problematic.

Scale token for DeDust

DeDust has also recently launched its token, $SCALE, which is used to incentivize users to contribute liquidity to the exchange’s token pools. For staking rewards, this application converts swap fees from Dedust to SCALE tokens. Not only does this special model provide SCALE tokens with extra use through revenue sharing, but it also encourages users to interact with the site actively.

Significant traction has been acquired by the staking program since its inception on May 2nd, 2024. with SCALE tokens worth more than $9 million bet on Decustar. High annual percentage rates (APRs) have been enjoyed by program participants. Stakeholders have received more than $288,000 worth of SCALE tokens.

Features:

• Low gas consumption
• Stable swaps
• Multi-hop trades
• Extreme scalability due to avoiding usage of gateway contracts
• Distribution protocol earnings via farming pools.

Leadership Team

The leadership of DeDust is composed of four team members with diverse backgrounds in the digital space. Nick Nekilov, the founder and CEO, has 12+ years of experience in commercial development at leading IT companies and startups. John Fyodor is the core developer with 8+ years of programming experience and the author of the Ton3 library. Daniil is the community manager, co-founder of The Daily TON, and ex-CM at Tonstarter. Vitaliy is a senior advisor with 10+ years of experience in digital marketing on both the agency and product sides, co-founder of The Daily TON

Achievements

DeDust has over $7 million in Total Value Locked (TVL) in its decentralized exchange. DeDust has also recently launched its token, $SCALE, which is used to incentivize users to contribute liquidity to the exchange’s token pools.

Apart from trading, users have the opportunity to provide liquidity to the token pools and get a portion of the fees. Additionally, DeDust has an early-stage bridge that links Ethereum with the TON Blockchain, enabling smooth transfers of Wrapped Bitcoin (WBTC) and stablecoins (USDC, USDT, and DAI).

Users may quickly browse their complete TON-based portfolio using the app. Although there are currently a lot of bugs in the DeDust Telegram client, this is to be anticipated considering how young the ecosystem and the software are. DeDust has an edge over its competitors because of its early lead and notoriety, even in the fierce fight to become the top decentralized exchange on Telegram.

Official Websites And Links

Website - https://dedust.io/swap

Twitter - https://x.com/ScaletonCo

Telegram - https://t.me/+Lp0Rokc9DA84NmVi

Conclusion

With its sophisticated use of the TON blockchain, DeDust distinguishes itself in the competitive DEX industry and offers a smooth and effective trading experience. Its cutting-edge protocol, intuitive design, and strong security measures are among its primary characteristics. DeDust seems to be a key player in the future of decentralized finance as it grows.