The appearance of cbBTC on the $TON network has been one of the notable events of recent weeks. This is a token that represents Bitcoin liquidity within the $TON ecosystem and allows this asset to be traded directly on the network.

The cbBTC is issued by Coinbase. The token maintains a one-to-one peg to BTC, meaning that each cbBTC issued corresponds to real Bitcoin in collateral. Thanks to this model, users gain access while remaining within the $TON infrastructure.

After the asset was launched, it became apparent how new liquidity was being formed within the network. Large exchanges are increasingly going through infrastructure solutions that combine different pools. STONfi plays this role, using the Omniston liquidity aggregation protocol, which is already taking over smaller platforms. Its logic is to distribute the transaction volume among available liquidity sources and find the most efficient way to execute it.

In practice, this means that even exchanges of around ten thousand dollars between USDt and cbBTC can take place without noticeable pressure on the exchange rate. The routing system distributes the volume between several liquidity pools, allowing the transaction to be executed more smoothly, which can be very noticeable when exchanging several dozen tokens.