Kyber Network (KNC) Outweighs Bearish Market With 57% Gain This Month
- Kyber 3.0 was the most major advancement for the Kyber Network.
- KNC is the second most popular DEX token, listing on 80 exchanges.
Volatility and uncertainty continue to rule supreme in the crypto market. Despite this, a few projects are exhibiting signs of resilience in the present market slump, making it difficult for any project to climb above and produce positive price increases. Following the introduction of Kyber 3.0 and the integration of numerous decentralized exchanges, KNC posted a 50%+ monthly gain.
Kyber Network (KNC) is a multi-chain decentralized exchange and aggregation platform, allowing users and apps using Decentralized Financing (DeFi) access to liquidity pools with the best rates.
Three Major Factors
Kyber 3.0, which includes a rebrand to KyberSwap, the growing number of DEXs connected with the Kyber ecosystem, and the broad availability of KNC on controlled and decentralized exchanges are three reasons for KNC’s good showing on the market.
Kyber 3.0 was the most major advancement for the Kyber Network. The platform’s trading interface was renamed KyberSwap as part of the launch. It was integrated with six other blockchain networks, including Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, and Cronos.
New decentralized exchange protocols are being integrated into the Kyber Network, helping keep the positive trend going. A new DEX protocol called KyberSwap has recently incorporated pools from many other DEX protocols such as Shiba, Defi, EmpirDEX, and MMF, Photon, and BeethovenX protocols KyberSwap and DinoSwap, and PantherSwap. There are several exchanges where KNC may be bought and sold.
According to the number of exchanges where it can be traded, KNC is the second most popular DEX token, listing on 80 exchanges. Only ZRX (105 exchange listings) and Uniswap (76) have comparable availability.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
