Kyber Network is one of the top gainers among coins from Coinmarketcap’s top 100 rankings. Traders who went long on KNC a month ago had the chance to earn profits in the amount of 121% - an achievement which places Kyber Network at the sixth place among the best profit providers from the previous 30 days, behind Everus (EVR) - 225%; ICON (ICX) - 159%; the well-performing Tezos (XTZ) - 124%; OKB (OKB) - 125%; AION (AION) - 124%, as of the time of writing. Even in the last seven days, KNC has ballooned in price by 32%, thus making this coin an attention-grabber for all traders who want to make money on the booming altcoin markets.
Kyber Network’s fundamentals overview
Kyber Network is a blockchain-based liquidity protocol that provides means for incorporating a token swap feature into virtually any decentralized application. Basically, thanks to the Kyber Network Protocol, users are able to instantly exchange crypto coins for certain purposes directly in the dApp, without having to use intermediary exchange gateways.
This solution is oriented primarily on e-commerce platforms, projects that work in the area of decentralized finance (DeFi), and developers of digital cryptocurrency wallets.