The Defiant • Dec 17, 24
Synthetix Relaunches Native Exchange Following Kwenta Acquisition
The Synthetix Exchange relaunch coincides with multi-collateral perps going live on Base.
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Past performance is not a reliable indicator of future results. Learn more about asset risks.
Kyber Network is on the decline this week. ↘
The price of Kyber Network has decreased by 0.53% in the last hour and increased by 1.30% in the past 24 hours. Kyber Network’s price has also fallen by 2.79% in the past week. The current price is £0.21 per KNC with a 24-hour trading volume of £4.37M. Currently, Kyber Network is valued at 95.27% below its all time high of £4.40. This all-time high was the highest price paid for Kyber Network since its launch.
The current circulating supply of Kyber Network is 187,319,075.664 KNC which means that Kyber Network has as total market cap of £53,332,028.80.
Market cap
£53,332,028.80
Popularity
#487
Circulating
£187,319,075.66
Max Supply
Not enough data
Hold time
Not enough data
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Volume (24h)
£4,372,270.56
↘ 26.43%
Volume (30D)
£116,740,271.37
Volume (7D)
£22,317,624.69
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.
Kyber Network launched on Coinbase on February 27, 2020 at 6:44 PM
Networks and tags
marketplace
decentralized-exchange-dex-token
defi
dao
amm
governance
parafi-capital
binance-listing
The Kyber Network Crystals (KNC) is a protocol that aims to make swapping digital assets and cryptocurrencies simple and efficient. The Kyber protocol aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application, meaning that the network doesn’t require any bank or other institution in the middle. On the network, there are two categories of users: makers and takers. Makers create liquidity by holding their tokens, and takers are the end users that are requesting the swap of tokens.
Over the years, it has been proven that cryptocurrency trading on centralized exchanges is prone to cybersecurity hacking and internal fraud. Moreover, trading on centralized exchanges is incompatible with DeFi (decentralized finance) applications since bridging between decentralized applications and centralized servers is theoretically impossible without compromising the trust model. Regardless, all DeFi applications require good liquidity sources, which is a necessary component for providing high-quality services.
The whitepaper states that, to overcome this issue, the Kyber Network provides an exchange of tokens in an instant and decentralized way by using liquidity pools—pools of multiple cryptocurrencies that any project has the ability to tap into. In contrast to centralized exchanges, there is no need to register or open an account. Kyber's approach allows liquidity to be aggregated from numerous sources into a single network. This implies it allows takers to conduct multiple token transactions in a single blockchain transaction via a single endpoint. In addition, end users, decentralized exchanges, and other decentralized protocols can all contribute liquidity via the Kyber protocol, which allows for a wide range of implementation options for liquidity providers.
Another potential use case offered by Kyber is decentralized applications (DApps). Conceptually, DApps are similar to any other apps or games users could find on their computer or phone. The key difference is that DApps are based on and driven by decentralized protocols like Ethereum. DApps can connect to the Kyber network in order to accept any token from users but only receive the token they want. The token swaps occur on the Ethereum blockchain, and the transactions are completely transparent.
KNC is the native utility and governance token used to facilitate and pay fees for transactions on the Kyber network. The token is built on Ethereum in accordance with the ERC20 standards, which define the common list of rules for the tokens to function in the Ethereum ecosystem. KNC also utilizes smart contracts. These are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Smart contracts offer the infrastructure in the Kyber network that allows one token to be swapped for another.
Founded in 2017, the cofounders of Kyber include Loi Luu, Victor Tran, and Yaron Velner. The whitepaper v0.8 was released on August 27, 2017.
Luu earned his doctorate in computer science from the National University of Singapore, where he worked on blockchain securities. Tran has been working on cryptocurrencies since early 2016, and he is the principal engineer for the Bitcoin open-source project SmartPool, which Luu also cofounded. Velner holds a PhD in computer science from Tel Aviv University and served as CTO at Kyber Network. Currently, he serves as CEO and protocol architect at B.Protocol.
The Kyber team raised money through an initial coin offering (ICO) in September 2017. During the ICO, the price per token was 0.00166 ETH. The ICO ended on September 15, 2017, and the total money raised was around $52 million. The Kyber team launched the mainnet in February 2018.
Staking is the process of receiving rewards by holding certain cryptocurrencies. Cryptos that allow staking follow a consensus mechanism known as proof of stake, which is the way they ensure that all the transactions are verified and secured without an intermediary.
KNC holders can stake the tokens in KyberDAO. KyberDAO is a community platform that provides KNC holders a say in the network’s future. It incentivizes participation by giving a share of the ETH generated from protocol fees. Additionally, there is a Kyber community pool, which is a trustless pool for taking part in governance and earning rewards on the network. The pool was created to represent the community's interests while also making involvement simple for users. To earn rewards from staking KNC, users must vote on every proposal. Anyone can stake KNC, vote on proposals, and earn rewards on kyber.org, which is the only official platform managed by the Kyber team.
The maximum supply of KNC tokens is capped at around 226 million KNC.
We update our Kyber Network to GBP currency in real-time. Get the live price of Kyber Network on Coinbase.
The current market cap of Kyber Network is £53.33M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Kyber Network is £4.40. This all-time high is highest price paid for Kyber Network since it was launched.
Over the last 24 hours, the trading volume of Kyber Network is £4.37M.
Assets that have a similar market cap to Kyber Network include B3 (Base), Cyber, HOME, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Kyber Network is 187 million.
Kyber Network ranks 226 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 60% of Coinbase users are buying Kyber Network. In other words, 60% of Coinbase customers have increased their net position in Kyber Network over the past 24 hours through trading.
Yes, Kyber Network is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Kyber Network guide.
Date | Price | Change |
---|---|---|
Today (July 6, 2025) | £0.21 | +1.30% |
24 hours ago (July 5, 2025) | £0.20 | +1.30% |
1 week ago (June 29, 2025) | £0.22 | -2.79% |
1 month ago (June 6, 2025) | £0.24 | -12.54% |
1 year ago | £0.36 | -38.15% |
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Conversion Table
The Defiant • Dec 17, 24
Synthetix Relaunches Native Exchange Following Kwenta Acquisition
The Synthetix Exchange relaunch coincides with multi-collateral perps going live on Base.
Read more
Kyber Team • May 09, 22
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Kyber Team • Apr 20, 22
KyberSwap’s Sure-Win Avalanche Trading Contest: How to Claim KNC Rewards
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Kyber Team • Apr 18, 22
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Kyber Team • Mar 23, 22
KyberSwap is heading to AVAX Summit 2022!
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Kyber Team • Mar 20, 22
$50,000 in Rewards For KyberSwap’s Sure-Win Trading Contest with $AVAX
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This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.