PANews reported on October 6th that the TON Foundation published a statement introducing a key new member of the ecosystem: Bidask, a centralized liquidity market maker (CLMM) DEX built specifically for the TON blockchain. Bidask aims to provide higher capital efficiency and lower trading slippage by allowing liquidity providers (LPs) to pool capital within specific price ranges. In its first month on the mainnet, Bidask processed over 1,400 swaps, generating $1.3 million in trading volume and $300,000 in total value locked (TVL). The TON liquidity pools achieved an average annualized yield (APY) of 40%. Bidask also simplifies developer integration through its Trade Account smart contract and Trading API. It has been integrated into major wallets such as Tonkeeper and Bitget Wallet. As a member of the TeFi Alliance, Bidask is collaborating with other leading DeFi protocols, striving to become the core liquidity layer of the TON ecosystem.
TON ecosystem DEX Bidask's transaction volume exceeded US$1.3 million in the first month of its launch, with a TVL of US$300,000

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