Kyber Network Live Price

What is Kyber Network?

Kyber Network Crystal or KNC is Kyber Network's Ethereum token used to pay fees on the protocol that aims at efficient and simple swapping for cryptocurrencies and digital assets. Kyber offers a decentralized way of exchanging different ERC-20 crypto without intermediaries or registrations required. This blockchain-based protocol allows vendors to be paid in their crypto of choice while also accepting different token types. Although built on Ethereum, Kyber Network works on any blockchain that imposes smart contracts. The protocol is helpful in removing the need for an elaborate exchange of coins when transacting between decentralized finance (DeFi) applications. Kyber enables token holders to convert their existing tokens easily and without fuss. Kyber was introduced in 2017 and is now integrated with over a hundred applications, vendors, and wallets such as Coinbase, Set Protocol, InstaDApp, and more. It is key to liquidity in the DeFi ecosystem. Kyber Network also collaborates with other decentralized exchanges (DEX) like Uniswap to share liquidity pools. Kyber Network Crystals collected as fees get burned or taken away from the supply, or it could also be awarded as an incentive to integrated dapps. At present, KNC has a circulating pool of around 205 million and a market cap of $277 million.

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How much is Kyber Network worth?

Kyber Network (KNC) is worth 2.97 USD as of March 15, 2022, 2:17 am UTC time. View the interactive graph to see how much Kyber Network has changed in the last hour or historically. 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.