DEXes · Review
ActiveMegaton Finance Review 2026: A Small AMM DEX on TON
Megaton Finance is an AMM-based DEX on the TON network offering swaps, liquidity pools, yield farming and MEGA staking. It is a small protocol with about $764K in TVL, so it suits TON users who accept thin liquidity.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.8/10
Mixed
Our verdict on Megaton Finance
5.8/10Megaton Finance is a straightforward AMM on TON that bundles swaps, liquidity pools, yield farming and MEGA staking. It suits TON users who want to try a smaller DEX and understand impermanent loss. Its main strength is that it covers the usual DeFi tools natively on TON with two listed audits. The main caveat is size: TVL under $1M, unpublished fees and an almost empty homepage mean liquidity and ongoing activity should be checked before you deposit.
Score breakdown
How Megaton Finance scores
- Security
- 5.5/10
- Ease of use
- 6.5/10
- Fees
- n/a
- Features
- 6.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Megaton Finance?
Megaton Finance is an AMM-based decentralized exchange on the TON network. DefiLlama describes it as an instant swap protocol, and it has been listed since February 2023. Its products include swaps, yield farming, MEGA staking and a WTON gateway.
At the time of the data, total value locked was about $763,570, up roughly 2.2% over seven days. That makes it a small venue, so liquidity is limited. Its homepage is nearly empty, and the meta description is generic, so most of what is known comes from DefiLlama and third-party public reporting.
The MEGA token has a stated maximum supply of 100 million. Price and volume figures on aggregator pages are inconsistent, with some showing zero, which points to low trading activity.
How Megaton Finance works
Megaton Finance is an automated market maker. Instead of matching buyers and sellers, it holds tokens in on-chain liquidity pools. When you swap, the protocol prices the trade from the pool's balances and adjusts the ratio afterward.
Liquidity providers deposit pairs of tokens into these pools and receive LP tokens. Those positions earn a share of trading activity and can be placed in yield farms for additional rewards. Public reporting describes this as swaps plus pair deposits.
MEGA is the protocol's token, with a staking program for holders. Users interact through a TON wallet connected to the web app.
6 features
Key features
01
AMM instant swaps
Swaps run against on-chain liquidity pools priced by an automated market maker, with no order book. DefiLlama calls it an AMM-based instant swap protocol.
02
Liquidity and yield farming
Users deposit token pairs into pools and can stake the LP position in farms for extra rewards, according to the project's guide for depositing LP.
03
MEGA staking
Public reporting describes a staking program for MEGA, where participants are described as direct supporters of the token.
04
WTON Gateway
The listed product menu includes a WTON Gateway, which relates to moving TON-based assets into the protocol.
05
Native TON deployment
The protocol runs on the TON mainnet and connects through TON wallets, which suits users already in the Telegram-linked TON ecosystem.
06
Listed audits
DefiLlama lists two audits for the protocol, though the details are not public.
Pros and cons
What we like
- Native to TON, with wallet-based access and no account needed
- Covers swaps, liquidity pools, farming and staking in one protocol
- Listed on DefiLlama since early 2023, giving it a multi-year history
- Two audits are listed on DefiLlama
- Has its own token, MEGA, with a 100 million max supply
- Public documentation exists for depositing LP and staking
Watch out for
- TVL of about $764K is small, so large swaps may face slippage
- Homepage is nearly empty, so current product status is hard to confirm
- Fee levels are not published publicly
- Only two audits are listed and the reports are not detailed publicly
- Smaller, TON-only protocol with limited liquidity depth compared with larger DEXs
- Some third-party price pages show the MEGA price as $0 or N/A volume, which suggests thin trading
Megaton Finance fees
Swap fees, LP fee shares and farming reward rates are not published publicly. Users would see the current swap fee and pool APRs in the Megaton app before confirming a trade or deposit.
On top of protocol fees, TON network gas applies to each transaction. As with any AMM, price impact and impermanent loss are also real costs, especially in pools with thin liquidity.
Is Megaton Finance safe?
DefiLlama lists two audits, but the project does not name the auditors or report findings. No hacks or incidents are mentioned publicly. As a non-custodial DEX, you keep your assets in your own wallet, but you take on smart-contract risk when you swap or deposit.
Small TVL means pools can move sharply on single trades, and LP positions can suffer impermanent loss. Public sources say nothing about regulatory status or team details. Treat it as a higher-risk venue and check current activity before committing funds.
6 steps
How to get started with Megaton Finance
- 1
Install a TON-compatible wallet and fund it with TON.
- 2
Open the official Megaton Finance site and click Connect Wallet.
- 3
Approve the connection in your wallet.
- 4
Choose Swap to trade tokens, checking the quoted price impact and fee before you confirm.
- 5
To farm, deposit a token pair into a pool, then stake the LP position if a farm is offered.
- 6
Start with a small amount and review the audit information before depositing more.
Who Megaton Finance is for
Megaton Finance is for TON wallet users who want a native AMM for swaps or small liquidity and farming positions. It is less suited to traders moving large sums, or to anyone who needs deep liquidity and a long audit history.
Megaton Finance FAQs
What is Megaton Finance?
Megaton Finance is an automated market maker (AMM) DEX on the TON network. It offers instant swaps, liquidity pairs, yield farming and MEGA staking, and it has been listed on DefiLlama since February 2023.
Which blockchain does Megaton Finance use?
It runs on TON. Public sources list no other chains, though the project mentions a WTON gateway among its products.
What is the MEGA token?
MEGA is the protocol's token. Public reporting describes a maximum supply of 100 million and a staking program for MEGA holders. Current price and volume figures vary by source, so check a live tracker.
How do I yield farm on Megaton Finance?
You connect a TON wallet on the Megaton site and deposit tokens into a liquidity pair. The pair earns a share of swap activity and may qualify for farming rewards. Reward rates are shown in the app and are not public.
Is Megaton Finance safe?
DefiLlama lists two audits, but public sources give no detail on auditors or findings. An audit lowers risk but does not remove it, and small DEXs carry smart-contract and liquidity risk. Only use funds you can afford to lose.
What are the fees on Megaton Finance?
Swap fees and farming rewards are not stated publicly. Check the swap screen and pool pages in the app before confirming any transaction.
Compare
Megaton Finance alternatives
STON.fi is a decentralized automated market maker on the TON blockchain for swapping tokens, providing liquidity and staking.
Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.
Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.
Uniswap V2 is a non-custodial automated market maker DEX on 17 chains for token swaps and liquidity provision, with about $938M TVL.
DeDust is a decentralized exchange and liquidity pool platform on TON for swapping tokens and providing liquidity, with its own DUST token.
PancakeSwap AMM V3 is a multichain decentralized exchange using concentrated liquidity pools, for traders and liquidity providers, led by BNB Chain.
Same category
More DEXes
Curve is a decentralized exchange on Ethereum built for low-slippage swaps of stablecoins and similar assets, with CRV governance and a crvUSD stablecoin.
PancakeSwap is a BNB Smart Chain decentralized exchange with swaps, farming, staking and CAKE governance for self-custody DeFi users.
PancakeSwap V2 is a constant-product AMM DEX mainly on BNB Chain for swapping tokens, providing liquidity and farming CAKE rewards.
THORChain is a Layer 1 DEX for swapping native assets across blockchains without wrapped tokens or bridges, aimed at self-custody and no-KYC users.
Raydium is a decentralized exchange and automated market maker on Solana, built around fast, low-cost swaps and liquidity pools.
QuickSwap is a multichain DEX, started on Polygon, offering swaps, liquidity pools, farms, QUICK staking and perpetuals for self-custody DeFi users.
Same chain
More on TON
OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
Gate is a centralized crypto exchange founded in 2013 offering spot, futures, stocks and earn products for traders who want one multi-asset account.
Bitget is a centralized exchange for crypto spot and futures that also offers tokenized stocks, commodities and forex in one account, for active traders.
USDT0 is Tether's omnichain system that puts USDT and tokenized gold (XAUT0) on 25+ blockchains, for users and protocols needing unified stablecoin liquidity.
Tonstakers is a liquid staking protocol on TON where users stake GRAM, formerly Toncoin, for tsTON and can use it across TON DeFi.
SwissBorg is a MiCA-regulated European crypto app that aggregates exchanges for trading, with Auto-Invest, Earn and a BORG loyalty token.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.