If you look into where all the liquidity in $TON is concentrated, you’ll notice that it isn’t distributed evenly across the entire ecosystem. On the contrary, it gradually begins to concentrate in specific areas. And more often than not, that area is STONfi.

At first, this may seem like a temporary effect. But if you look deeper, it becomes clear that a fairly simple logic is at work here. Liquidity flows to where there is already volume and activity. Users go where it’s easier to make swaps, and projects connect where there are already users and that very volume.

At some point, this process creates a virtuous cycle. The more liquidity appears in one place, the easier it becomes to make swaps. The easier swaps are, the more users start making them. And that means liquidity continues to grow constantly.

The way swap routing is structured also plays a distinct role in this. Through products like Omniston, liquidity within the $TON network begins to function as a unified system. The user simply makes a swap, and all the internal distribution logic occurs without their involvement. This further intensifies the concentration of liquidity.

The result is a fairly logical picture. Liquidity does not flow randomly but gradually accumulates where there is already convenience, activity, and a functioning infrastructure. And over time, this becomes apparent even without in-depth analysis.