- KNC struck its all-time high at $5.72 USD on 28 April 2022.
- 74.8 million KNC were offered to very early financiers in the 2017 personal sale.
The international crypto market is still on code red and also all the cryptos are having a hard time to stand up to the rainy rising cost of living taking place in the off-chain macro market. Once more in crypto background, Kyber Network Crystal v2 (KNC) outperforms various other cryptos by displaying favorable fads. Formerly, in January, KNC acquired a 57% walking in its rate amidst the bearishness.
Based on the information from CMC, KNC traded at a rate of $1.54 USD on Tuesday and also it rose by 30% in the last 24 hr. At the time of creating, the rate stood at $2.167 USD.
KNC is an ERC-20 token in the Kyber Network. The DEX token is called after the Celebrity Wars crystal that bills lightsabers. In addition to providing ballot legal rights in KyberDAO, these symbols can be bet in numerous Defi liquidity methods.
Trustless Trading in DeFi
Kyber Network is a multi-chain liquidity center in the DeFi that develops permissionless trading throughout significant blockchains. The network works with Ethereum, Avalanche, Polygon, Fantom, Cronos, and also Arbitrum. It helps with
Kyber introduced the very first vibrant market pen (DMM), KyberSwap. This DEX collector works as a liquidity resource working throughout 60+ DEXs. The group reported $24 billion USD TVL on the DEXs.
Liquidity carriers (LPs) can tailor the trading rate for any kind of token set with functions such as “programmable pricing” and also “dynamic fees”.
KyberSwap is operating Aribtrum, an L2 Ethereum-based blockchain considering that March. In late April, the DEX collector was incorporated with the BitTorrent Chain (BTTC), an interoperable method.
At the time of creating, according to CMC, KNC stood with a 24-hour trading quantity of $505,320,987 USD and also a market cap of $395,702,473 USD.