What is Kyber Network Crystal (KNC )? Latest information about KNC Token

Have you heard of a DeFi project founded by Vietnamese people that was once among the top liquidity protocols on Ethereum? That is Kyber Network - one of the pride of the Vietnamese blockchain community on the global Web3 map. What makes this project special? Let's explore with Allinstation through the article below!

What is Kyber Network?

Kyber Network is a multi-chain DEX aggregator developed on Ethereum. The project was launched in 2017 by a team of Vietnamese engineers, including Dr. Loi Luu and engineer Tran Huy Vu (Victor Tran).

Unlike centralized exchanges (CEX), Kyber allows all asset exchange activities to occur entirely on-chain and does not require users to entrust assets to any intermediary. Kyber acts as a multi-chain liquidity hub, aggregating liquidity from various protocols such as Uniswap, SushiSwap, Curve, Balancer... and provides instant token swap services at optimal prices.

Not just a platform for end-users, Kyber Network is also a core infrastructure that helps decentralized applications (dApps), wallets, aggregators, DEX exchanges, etc., easily integrate liquidity sources, save costs, and enhance user experience.

As of mid-2025, Kyber Network has supported over 13 different blockchains, with hundreds of thousands of transactions per month, and continues to be one of the leading DeFi projects in liquidity aggregation and transaction optimization on Web3.

How Does Kyber Network Work?

Kyber Network is a multi-chain liquidity hub - aggregating liquidity from various protocols and sources such as AMM, DEX, market makers, etc., and providing instant token swap services for users and DeFi applications. Key features:

• Liquidity Aggregation: Kyber uses an optimal price-finding tool from multiple liquidity sources (KyberSwap Aggregator).
• On-chain execution: All transactions occur directly on-chain, transparent and easily verifiable.
• Customizable fee models: For integration partners like dApps, wallets, aggregators.
• Multi-chain: Including Ethereum, Arbitrum, Polygon, BNB Chain, Avalanche, Fantom, Optimism, zkSync Era,…

Kyber Network Products

KyberSwap Aggregator

KyberSwap Aggregator is a decentralized DEX aggregator that allows users to swap tokens at the best rates by connecting to over 100 liquidity sources across 16 different chains.

Standout features include:

• Smart Transaction Routing: Automatically divides and routes transactions through the most efficient liquidity sources to ensure optimal exchange rates.
• Limit Order Integration: Allows users to place orders at desired prices, with transactions executed when the market reaches that price.
• Professional Market Maker Support (PMMs): Provides real-time quotes from professional market makers, helping to increase market depth and improve transaction exchange rates.

KyberSwap Classic & KyberSwap Elastic

KyberSwap provides two automated market-making (AMM) protocols:

• KyberSwap Classic (Dynamic Market Maker – DMM): Adjusts transaction fees based on market volatility, helping to optimize profits for liquidity providers (LPs).
• KyberSwap Elastic: Tick-based AMM with concentrated liquidity, allowing LPs to provide liquidity within specific price ranges, increasing capital efficiency and receiving NFTs representing their liquidity positions.

KyberSwap Developer

Kyber provides tools for developers to integrate liquidity into dApps, wallets, and other platforms:

• KyberSwap Widget: Allows direct token swap function integration into applications with just a few lines of code.
• Zap as a Service (ZaaS): Provides API to help users add liquidity with a single token, simplifying the liquidity provision process.
• Cross-Chain Swaps: Supports token exchanges between different chains in a single transaction.

KyberDAO

KyberDAO is a decentralized autonomous organization managing Kyber Network. KNC token holders can:

• Staking KNC: Stake KNC to participate in governance and receive transaction fee rewards.
• Voting: Participate in governance proposals that affect Kyber Network's development roadmap and technical parameters.

Kyber Analytics

Kyber provides analytics tools to help users and developers track:

• Trading Volume: Statistics on trading volume across different chains and trading pairs.
• Liquidity Pool Performance: Monitor profits and performance of liquidity pools.
• Market Data: Provide detailed market information to support trading and liquidity provision decisions.

Overview of KNC Token and Tokenomics

Basic Information

• Token name: Kyber Network Crystal
• Ticker: KNC
• Blockchain: Ethereum
• Token Standard: ERC-20
• Contract: 0xdd974d5c2e2928dea5f71b9825b8b646686bd200
• Max Supply: Flexibly managed by KyberDAO through burn & mint model (not fixed at 210M KNC as before)
• Circulating Supply: 170,152,851

Token Allocation

Token Release Schedule

Token Utility

• Staking & Governance: Stake KNC to participate in KyberDAO, receive rewards and voting rights.
• Fee Payment: KNC is used to pay transaction fees and then burned, helping reduce circulating supply.
• Partner Incentives: KNC is used to reward integrated partners, developers, etc.
• Liquidity Support: Reserves (liquidity providers) need KNC to maintain operations.

Storage & Trading KNC

• Storage Wallets: MetaMask, Trust Wallet, Coin98, Ledger, Trezor,…
• Supported Exchanges: Binance, OKX, Bitget, KuCoin, Bybit, Gate.io,…

2025 Roadmap

Q1/2025

• Launch Aevm (Aggregator EVM node) V1.53: Kyber introduces a new aggregator node with 15 times faster processing performance, helping improve transaction processing speed, reduce latency, and enhance reliability of cross-chain swap transactions.
• Deploy Zap API V1: Support users to add liquidity with just a single token type and execute in one transaction. This is a major step to simplify the liquidity provision experience.

Q2/2025

• Launch Zap Widget V1: A plug-and-play iframe that allows dApps to directly integrate Zap features into their interface, making it easier for users to provide liquidity without complex token conversions.
• Aggregator Engine Update with LST & LRT Integration: Kyber's new routing system will deeply integrate with Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs) – two rapidly developing assets in DeFi to improve pricing efficiency and expand liquidity sources.

Q3/2025

• Routing Algorithm V1.54 Launch: KyberSwap integrates AI routing model – an AI-based routing algorithm to analyze liquidity depth and historical transaction data. This new model allows more efficient transaction splitting, reducing costs and improving exchange rates without expanding liquidity pools.
• Introduce "Exclusive Liquidity Network" V1: Kyber builds an off-chain exclusive liquidity network, allowing private liquidity sources (private LPs) to be added to KyberSwap Aggregator, expanding market depth while ensuring security and performance.

Q4/2025

• Enhance KNC token's role in the KyberDAO ecosystem
• Improve KyberDAO governance system, deploy new voting tools and governance dashboard to help users easily track proposals, participate in voting, and evaluate the effectiveness of previous governance decisions.

On October 13, 2023, Kyber Network received a grant of $1.21 million from Arbitrum Foundation. This support aims to promote deeper integration between Kyber and the Arbitrum ecosystem, including upgrading the performance of KyberSwap Aggregator on this Layer-2, while expanding liquidity capabilities for Arbitrum users.

Partners

Kyber Network has established partnerships with many projects and platforms in the DeFi ecosystem:

• Crypto Wallets: Trust Wallet, Enjin Wallet, Argent, Eidoo, HTC Exodus, MyEtherWallet, imToken, Coin98 Wallet.
• DeFi Platforms: InstaDApp, DeFi Saver, Fulcrum, bZx, Set Protocol, Melon, Sablier, Gelato Finance.
• Liquidity Partners: Lido Finance (wstETH), THORSwap (cross-chain swap), Chainlink (price data source), Protofire, Stake Capital, StakeWith.Us.
• GameFi and NFT: Axie Infinity, Decentraland, Battle Racers. publish0x.com
• Payment Integration Partners: Request Network, Dexpay, Multis

Insights about Kyber Network

Kyber Network is one of the oldest and most reliable liquidity protocols in the DeFi world. Founded by Vietnamese people, Kyber is not only a pride in the Vietnamese Web3 community but also an infrastructure platform widely used across multiple blockchains.

The project stands out with KyberSwap Aggregator, allowing users to trade tokens at optimal rates across more than 16 different networks. Additionally, Kyber provides AMM toolkits (Classic & Elastic), Zap API, and the KyberDAO governance platform, helping to expand the ecosystem for both users and developers.

However, Kyber is facing fierce competition from large Aggregators like 1inch. Moreover, the performance of the KNC token has not yet clearly recovered from its previous peak, making short-term investment appeal not particularly strong.

Nevertheless, with an experienced team, clear roadmap, and increasingly refined products, Kyber remains a stable, practical project worth considering for long-term strategy, especially for those who believe in the role of liquidity infrastructure in the future of Web3.

Summary

Kyber Network is one of the DeFi projects that has proven its position over the years. Although no longer a "wave-making" name as during the DeFi boom, Kyber has maintained stability, transparency, and clear long-term orientation.

Note: This article is for informational purposes and is not investment advice. Please do your own research before making decisions. Wish you success on your Web3 exploration journey!