After adding support for 10 networks on the blockchain and integrating with Uniswap v3, the Kyber Network saw a price increase of almost 50%.
Recent months have shown promise for initiatives in the DeFi sector, as a confluence of worldwide events has emphasized the advantages of keeping money outside of conventional banking institutions.
Kyber Network (KNC), a multi-chain cryptocurrency liquidity center, has seen its value increase over the last several months. Its goal is to provide consumers with the best rates in trading possible.
According to some relevant data, KNC’s price skyrocketed 55.4% to an ATH of 4.04 dollars on 8th April amid a 253% increase in its trading volume in 24 hours after recovering from a low of $2.83 on April 6.
Support for ten different blockchain networks, the start of mining program with AVAX, and an increasing number of collaborations and protocol integrations all contribute to Kyber Network’s growing momentum.
Kyber Network Adds Multi-Chain Support
Kyber Network has benefited greatly from the protocol’s drive for integration with the most prominent chains in the broader cryptocurrency ecosystem.
Trades may be made on ten different networks using KyberSwap, the network’s primary decentralized exchange interface: Ethereum (ETH), Avalanche (AVL), Polygon (MATIC), BNB Smart Chain (BSC), Aurora (AUR), Arbitrum (ARB), Fantom (FTM), Oasis (ROSE), Velas (VLX), and Cronos (CRO) (CRO).
Since the capacity to transfer assets and data across numerous chains is crucial to the development of DeFi, the NFT and Metaverse, interoperability has become one of the key themes driving growth in the whole crypto economy.