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Kyber Network price

(KNC)

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$315.8M
$11.2M
205.0M KNC

About Kyber Network

KNC is an Ethereum token used for paying fees on the Kyber Network, a protocol that aims to make swapping digital assets and cryptocurrencies simple and efficient.

How it works

The Kyber Network is a protocol that aims to make swapping digital assets and cryptocurrencies simple and efficient. The Kyber protocol aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application. 

There are two types of users on the network: makers and takers. Makers create liquidity by holding their tokens, and takers are the end users that are requesting the swap of tokens. Daaps (decentralized applications) can connect to the Kyber network in order to accept any token from users, but only receive the token they want. KNC is used to facilitate and pay fees for the transactions on the Kyber network. 

Top Stories

January’s decentralized exchange volumes are on track to reach record highs

This month’s decentralized exchange (DEX) volumes are set to break September 2020’s record highs. According to data compiled by The Block, current DEX volumes for January 2021 are $26.01 billion with 15 days remaining for the month. In September, DEX volumes reached $26.6 billion fueled by DeFi Summer.    Uniswap currently makes up 44.85% of […] The post January’s decentralized exchange volumes are on track to reach record highs appeared first on The Block.

The Block

Jan 16

Kyber Network

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