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KyberSwap is a decentralized cryptocurrency exchange (DEX) that launched on the Ethereum mainnet in 2018. KyberSwap allows users to trade Ethereum (ETH) and more than 70 ERC20 tokens. Token swaps are seamless for all tokens available on the exchange thanks to Kyber Network’s on-chain liquidity protocol. KyberSwap is best for intermediate, advanced and altcoin focused traders.
KyberSwap has processed over 490,000 transactions as of November 2019. DEXs based on Ethereum account for roughly 4% of the total transactions. The only exchanges with more total transactions are IDEX, Ether Delta, and DDEX.
KyberSwap distinguishes itself from other decentralized exchanges by developing a simple, yet powerful user experience that reduces the friction of decentralized trading. Kyber has partnered with many of the top wallets on the market to make decentralized crypto-to-crypto trades easier, faster, and cheaper.
KyberSwap would be recommended to users seeking a private and seamless decentralized trading experience.
KNC Price Prediction | Is Kyber Network a Good Investment? (2021, December 21). Currency.Com. https://currency.com/kyber-network-knc-price-prediction
Tramble, G. (2021, December 14). What is Kyber Swap? (in 60 seconds) – Crypto in 60 Seconds. Medium. https://medium.com/crypto-in-60-seconds/what-is-kyber-swap-in-60-seconds-1e6dc38bebb6
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