The silent evolution of the TON ecosystem: Analyzing the technical side of TON DEX PixelSwap

Recently, Bitcoin’s performance has been excellent. After breaking its all-time high, the price has continued upward, directly aiming for the long-anticipated $100,000. Having endured a prolonged three-year pain period, Bitcoin now has most holders in profit, and the near $100,000 price again draws global attention.

Similarly, the development process of most things involves unique growing pains, and the trajectory of the TON ecosystem this year is the best proof. With the opening of Telegram Mini Apps, TON Network has entered its own cycle, with TVL steadily increasing and ecosystem hotspots emerging one after another. However, beneath the surface of the ecosystem’s explosive growth, a wave of controversial MiniGame token issuance trends has followed.

This token issuance trend superficially brought temporary prosperity to TON: trading volume surged, user numbers skyrocketed, and hot tokens appeared one after another. But the essence behind this prosperity is that many gaming projects attract users through simple game mechanics and token incentives to Farm, which are difficult to sustain for long-term value. Not only did this fail to bring substantive progress to the TON ecosystem, but it also, to some extent, damaged market confidence.

In addition to the reputation damage caused by the token issuance craze, the TON ecosystem itself faces more fundamental challenges: DeFi infrastructure is a key role in any ecosystem, serving as the foundation for user transactions and the hub for healthy ecosystem development. Just as ETH’s development relies on Uniswap’s push, a good DEX often becomes a lever for ecosystem growth. Currently, the TON ecosystem clearly struggles in this regard. Imperfections in decentralized trading infrastructure, lack of developer toolchains, and fragmented user experience make it difficult for funds to flow effectively within the ecosystem, and project teams find it hard to obtain stable and reliable liquidity support. These shortcomings in DeFi infrastructure not only restrict user trading experience but also become critical bottlenecks hindering the landing of high-quality projects, directly affecting the healthy development of the TON ecosystem.

Faced with a lack of confidence in the TON ecosystem, LayerPixel, an all-in-one DeFi solution, is attempting to improve the “structural problems” in the ecosystem through its innovative architecture and core sub-product PixelSwap.

Coinciding with PixelSwap’s upcoming TGE in Q4, this article will analyze PixelSwap and its series of innovative technical implementations in depth, helping readers understand its unique features and detailed TGE information.

PixelSwap: The Core DEX under LayerPixel Architecture To understand PixelSwap, one must first understand its parent project, LayerPixel.

LayerPixel, as a Layer 1.5 solution on TON, uses modular architecture design to overcome the limitations of asynchronous and heterogeneous TON chains, fully leveraging sharding advantages. Meanwhile, LayerPixel seamlessly integrates DeFi functions with Telegram Mini Apps, building a complete ecosystem including wallet, DEX, and oracle.

In LayerPixel’s design, several core components serve their respective functions:

• PixelSwap, as the first modular DEX on TON, supports advanced trading models including weighted pools and LBP
• PixelWallet, an account abstraction (AA) smart contract wallet, provides users with smooth DApp interaction
• Pixacle, as a decentralized oracle, offers fast and accurate price data support for DApps and smart contracts within the ecosystem

LayerPixel also provides a complete toolchain for TON developers, including convenient SDKs and APIs, as well as practical experience and tools accumulated during development in the TON ecosystem.

As an important part of the LayerPixel architecture, PixelSwap’s utility in the TON ecosystem manifests in multiple dimensions.

In terms of security, the project cooperates with top global blockchain security auditing firms to ensure the safety of user assets. Regarding user experience, PixelSwap deeply integrates Telegram Bot, developing a smooth Mini App interface, allowing users to complete all DEX operations with one click within the familiar Telegram environment, truly achieving “seamless” interaction.

On a technical level, PixelSwap adopts an innovative layered architecture supporting various advanced trading algorithms. These include:

• Atomic swap functionality, enabling complex DeFi trading scenarios to be completed in a single transaction
• Weighted pool mechanism, providing professional market makers with more refined liquidity management tools
• LBP (Liquidity Bootstrapping Pool), offering project teams more flexible token issuance schemes

Thanks to PixelSwap’s deep technical support, “user-friendly interaction + easy project token launch” has become possible within the TON ecosystem.

The ecological synergy between PixelSwap and LayerPixel then unfolds, creating a clear project incubation channel for TON developers:

Developers can quickly build applications using components provided by LayerPixel, and upon success, choose to deploy their projects on the PixelSwap platform. This synergy creates a virtuous cycle: LayerPixel focuses on building underlying infrastructure and development tools, while PixelSwap concentrates on providing liquidity support for TON ecosystem projects.

This clear division of labor allows developers to focus on product innovation without worrying too much about underlying technology implementation and liquidity issues. This is precisely the healthy interactive model needed for the vigorous development of the TON ecosystem.

A Closer Look: Simplifying Trading Art with PixelSwap Technology is the primary productivity. To truly understand the uniqueness of PixelSwap, understanding the technical principles behind its diverse functions is essential.

Atomic Swap: All steps packaged together

PixelSwap is the first and only DEX on TON to realize atomic swaps, which is one of its most notable technological innovations and the foundation for users to experience smooth trading on PixelSwap.

Imagine the process of swapping tokens on traditional DEXs: first authorize token A, wait for confirmation, then authorize token B, wait again, and finally execute the swap. This process is like crossing three traffic lights to reach your destination. PixelSwap’s atomic swap mechanism cleverly solves this problem. It designs a transaction orchestration system at the smart contract level, bundling all necessary operations (authorization, transfer, swap) into a single indivisible atomic operation. It’s like opening a dedicated tunnel in the city, allowing users to complete all transaction steps with a single TON wallet (such as TONkeeper) call.

From a technical perspective, PixelSwap’s atomic swaps are built on TON smart contract internal message passing mechanisms. Through carefully designed contract architecture, it ensures that all transaction steps either succeed together or roll back entirely, perfectly aligning with the atomicity requirement of blockchain transactions in ACID properties. This not only reduces gas costs but also fundamentally eliminates the risk of funds due to intermediate states.

With atomic swaps, for small daily transactions, users no longer need to go through complex steps. One click automatically completes the entire transaction process, packaging a series of on-chain operations behind a simple interface. The entire process is as easy as using Alipay.

Weighted Pools and LBP: Innovative liquidity management

Building on the pursuit of an excellent trading experience, PixelSwap has also made deep innovations in liquidity management. The platform supports two advanced liquidity pool designs: weighted pools and Liquidity Bootstrapping Pools (LBP).

Traditional DEXs generally adopt the xy=k constant product formula, like a cup filled with water: when you pour out some water, the remaining water level rises quickly, causing large price fluctuations. PixelSwap innovatively introduces the weighted pool mechanism, using a more flexible formula: x^a * y^(1-a)=k, like a container whose shape can be adjusted to better fit market demand.

Based on the technical foundation of weighted pools, PixelSwap employs a dynamic adjustment mechanism called LBP. During pool operation, the ratio of the two tokens automatically adjusts, allowing the contract to passively buy or sell assets unidirectionally. This provides a fairer and more efficient solution for token issuance of new projects.

Suppose a new project wants to issue tokens on TON. The traditional way is like opening a stall with a fixed price of “1 TON = 100 TOKEN.” But if the price is set too high, no one buys; if too low, large investors may buy it all at once.

This is where PixelSwap’s weighted pools and LBP come into play. They act like an intelligent market regulation system:

• What does the weighted pool do?

It adjusts the exchange ratio during trading. For example, if the project deposits 1 million TOKEN and 1000 TON into the pool, initially making TOKEN easier to exchange (high weight), supporting early supporters with better prices.

• How does LBP work with it?

It’s like installing a timer on the pool, which automatically adjusts the TOKEN acquisition difficulty (weight) over time. For example, on day one, 100 TON can exchange for 10,000 TOKEN; by day seven, the same 100 TON can only get 5,000 TOKEN.

Through the adjustment functions of weighted pools and LBP, the entire token issuance process becomes smooth. The project team only needs to set a reasonable price curve range, allowing the market to naturally discover the price. It’s like designing a soft landing runway for the token, avoiding sharp price fluctuations and preventing excessive capital concentration, truly achieving fair and efficient token distribution.

Prioritizing Value Contributors: Carefully Selected Real Users for $PIX Token Distribution As mentioned earlier, the current market attitude towards token issuance for TON projects is less enthusiastic than during the MiniGame token craze. PixelSwap, with its upcoming TGE, naturally understands market users’ concerns. How to make the token $PIX stand out from the past and dispel market prejudice has been a key focus from the very beginning.

Strict Distribution Mechanism and High-Quality User Profiling Real interactions mean genuine participants

Traditional projects often use simple task check-ins for airdrops, which are prone to bots, leading to significant sell pressure. PixelSwap requires users to prove their activity through real on-chain interactions. Users engaging in swaps or providing liquidity on the DEX enhance their “gold content” and help maintain the protocol’s healthy operation. This deep participation rewards users and cultivates their recognition of the protocol. The team also cleverly combines GameFi and DeFi. Every real expenditure in the gaming ecosystem can be converted into token points, ensuring token holders are actual contributors to the ecosystem.

Connecting High-Quality Users and Partners via Airdrops

Through the PIXArena platform, users can participate in Farming Pools, Swaps, and other substantial interactions with projects in the PixelSwap ecosystem to receive $PIX Airdrops. The “pay first, harvest later” mechanism effectively filters high-quality users who genuinely support project development. Additionally, the innovative Airdrop cooperation modes within PIXArena provide projects with precise channels to reach real users, creating a natural barrier against bulk account arbitrage.

Token Economics As a DEX project within the TON ecosystem, PixelSwap’s tokenomics are designed around sustainability and practicality, with a long-term perspective. $PIX tokens serve dual roles: governance and incentives.

Token Distribution and Unlock Schedule

$PIX has a total supply of 500 million tokens, with a gradual unlocking mechanism. Half of the supply is allocated for community incentives, supporting ecosystem growth through liquidity mining and trading rewards; 20% goes to early investors, with 5% unlocked at TGE, followed by a 4-month cliff and 18 months of linear unlocking; 15% is allocated to the core team and future employees, with a 12-month lock-up and 2-year linear unlock; 15% is reserved for special allocations: 3% for IDO, 2% for advisors, and 10% for liquidity addition.

Revenue Distribution

The protocol’s income is split evenly: half supports core development efforts to ensure continuous iteration and upgrades; the other half goes into a DAO-managed treasury, with community governance deciding on fund usage.

Early Ecosystem Building

In the initial phase after TGE, the team plans to use 3.5% of community tokens to nurture the ecosystem. Of this, 0.5% is airdropped to paying users within the ecosystem; 1% is used for airdrops and collaborations with other Web3 projects and KOLs, such as 0.14% of $PIX allocated for the first sale on Gate.io on December 18; another 2% is allocated for retroactive airdrops and early liquidity incentives.

Conclusion From the initial grand vision of Real Mass Adoption to the current dual tests of confidence and enthusiasm, the ups and downs of the TON ecosystem are a microcosm of the evolution of emerging entities.

At this uncertain juncture, technological innovation and market perception form an interesting paradox: the more the market sentiment is subdued, the more it needs builders who are grounded; and the more the infrastructure is incomplete, the more it tests the project’s technical insight and strategic patience. LayerPixel and PixelSwap’s practices precisely touch on this core issue — how to maintain technological innovation while returning crypto applications to solving real problems.

From a broader perspective, the development of any emerging field is rarely smooth sailing. Short-term hype fading may be a necessary process, giving the entire ecosystem a chance to settle and reflect, and to find clearer directions in the next development cycle.

In this process, what truly matters is not superficial prosperity or downturn, but the pragmatic exploration that drives ecosystem development beneath market fluctuations. This may ultimately be the standard for evaluating project value.