What happened with #bybit is certainly not a simple situation, and $1.5 billion $ETH in the wrong hands could lead to big consequences for altcoins. But memecoins are where the heart of cryptocurrency lies. But it's not all smooth sailing here either, with #PumpFun seeing a drop in the rate of coins hitting DEX, from the usual 2.7% to 0.9%. This is an indicator of a large portion of new memecoins moving to other blockchains. The first to post a decline was $BNB and now the memesession is going to the $TON blockchain, raising the volume of swaps on the blockchain's major memecoins.
The king of memecoins on TON is #FPIBANK , whose APR on STON.fi, the main DEX of the TON blockchain is currently at 253%, indicating that liquidity providers are not keeping up with the volume of swaps of the coin.
In comparison, for coins that can only partially be considered memecoins, such as $PX APR on STON.fi is 65%. This is 2x the standard APR for TapTap coin liquidity pools, which have become a blockchain classic.
Meme season can be prepared for by supplying liquidity in memecoin pools on STON.fi, as at the moment, memecoins have not reached their season on TON. Liquidity supply in a bear market ensures a decrease in IL.
To provide liquidity:
- Connect your wallet to STON.fi
- Select the memecoin of interest on the Pools tab
- On the Swap tab, prepare both coins of the pair in price equivalent
- Go back to the selected pool page and click Provide Liquidity
