I want to touch on a topic I’ve only recently come to understand. When you look at new liquidity pools, the first thing that usually catches your eye is the high APR. This is especially noticeable on highly volatile networks like $TON . And at first, these pairs can indeed seem very appealing. High rewards attract liquidity, activity grows rapidly, and it seems like that’s where the best opportunities are right now. Especially when you’re watching new pairs through STONfi, where you can clearly see how quickly these pools start to gain liquidity.

But the catch is that many new pools are only very active during the first few weeks. When rewards gradually decrease or interest in the token wanes, liquidity begins to dry up, and trading volumes shrink along with it. This is precisely why older pools sometimes prove to be more stable. If a pair has been around for several months and still maintains liquidity and user activity, this often indicates that it has already weathered several market cycles.

But that doesn’t mean new pools should be completely ignored. Sometimes, that’s exactly where interesting opportunities and high APRs appear. Over time, however, many users begin to combine both approaches. Part of the liquidity is placed in new pools, while the rest remains in more established pairs that have been part of the ecosystem for a long time. And if the tokens in the pool continue to thrive, maintaining the buzz around them and their liquidity, then the pool begins to be seen as established rather than new and suspicious.