Kyber Network Price Outperforms Bitcoin, Ethereum, Dogecoin

Kyber Crystal Network v2 (KNC) was the biggest gainer last week surging almost 31%, outpacing the gains of major coins like Bitcoin BTC/USD, Ethereum ETH/USDand Dogecoin DOGE/USD.

Top gainers for the week ending April 11, 2022 (Data via CoinMarketCap)
Cryptocurrency Variation in % over 7 days (+/-) Maximum Value of All Time/Date Reached % change (+/-) from all-time high
Kyber Crystal Network v2 (KNC) +31% $4.45 on April 10, 2022 -5.65%
Monero (XMR) +9.8% $517.62 in May. 7, 2021 -54%
USD neutrino array (SKL) +6% $1.20 February 8, 2020 -18.6%
STEP (GMT) +4.1% $3.11 April 1, 2022 -21.3%
Dogecoin (DOGE) +1.4% $0.74 May 8, 2021 -80.1%

See also: How to Buy Kyber Network (KNC)

Why was KNC on top last week?

Kyber Network is a decentralized finance (DeFi) project built on top of the Ethereum blockchain.

KyberSwap, Kyber Network’s leading liquidity hub and decentralized exchange aggregator (DEX) protocol, now has over 100 ecosystem partners, including 10 Layer-1 and Layer-2 chains. KNC has taken advantage of this push for partnerships.

Do you know? KyberSwap has over 100 ecosystem partners, including 10 L1/L2 channels, top players in their space (DeFi, Lending, Metaverse, GameFi, etc.) and top VCs and more. Maybe we need to make a common thread to go through them all and why we’re optimistic about each one.

— Kyber Network (@KyberNetwork) April 9, 2022

KyberSwap offers exchanges on ten networks such as ETH, avalanche (AVAX), Polygon (MATIC), Dawn (AURORE), and Binance Smart Chain (BSC).

In March, Kyber Network’s partnership with Avalanche Network and the Avalanche Rush Phase 2 cash mining program helped it garner more attention and business activity.

@avalancheavax Rush Phase 2 starts NOW on @KyberNetwork with $1 million in cash mining rewards

From ~March 21 09:00 EDT
Duration: 4 months
Reward: ~$300,000 in $AVAX and ~$750,000 in $KNC incentives

More details: #AVAX #Kyber

— AVAX Blog (@avaxblog_) March 21, 2022

Since announcing the partnership with Avalanche, KNC’s trading volume has jumped 493% from $99.99 million to $593.1 million at press time.
Last week, Kyber said it was integrating Uniswap V3 on the Ethereum and Polygon network – this brings the most active DEX to the Kyber framework.

This day keeps getting better

For all those who waited, @Uniswap V3 is now routed through #KyberSwap @ethereum @0xPolygon Offering you the best rates, always

Trade now at the best rates on #cryptocurrency

— Kyber Network (@KyberNetwork) April 7, 2022

Read more : $100 invested in Bitcoin at Miami 2021 conference is worth it now

Photo credit: Kyber Swap