As the crypto market faced a price correction, the Kyber Network Crystal (KNC) posted an exceptional performance outperforming the Bitcoin (BTC) movement and most major altcoins.
Based on observations, KNC started to show bullish since 28 February 2022 before finally touching the all -time high (ATH), $ 4.5 early this morning Malaysian time.
Even so, at the time of writing this asset was trading at $ 4.22, down 7% from ATH’s record but still maintaining a jump of over 16% in 24 hours and over 30% in a week.
What happen?
Understood Kyber Network’s flagship protocol, KyberSwap has seen collaboration with 100 ecosystems including layer-1 and layer-2 chains from various industries such as DeFi, metaverse, GameFi, and lending.
KyberSwap also offers trading activities for 10 major networks including Ethereum (ETH), Avalanche (AVAX), Polygon (MATIC), Aurora (AURORA), and Binance Smart Chain (BSC).
Not only that, Kyber Network also partnered with Avalanche Network and liquidity mining program, Avalanche Rush Phase 2.
🔥 @avalancheavax Rush Phase 2 Starts NOW on @KyberNetwork with $ 1M In Liquidity Mining Rewards
⏰ Starting from ~ 21st March 09:00 EDT
🔺Duration: 4 months
💰Reward: ~ $ 300K in $ AVAX and ~ $ 750K in $ KNC incentives
More details:
👉 https://t.co/FvTp3OL07s#AVAXBlog #AVAX #Kyber pic.twitter.com/q9svrcxjDq
- AVAX Blog (@avaxblog_) March 21, 2022
It is understood the duration of the program is for four months starting March 21 with rewards offered of $ 300,000 in AVAX units and around $ 750,000 and KNC units.
Interestingly, since the announcement KNC’s trading volume has increased 493% from $ 99.99 million to $ 593.1 million.
And most recently, on April 7 KyberSwap began integrating with Uniswap V3 on the Ethereum and Polygon networks.
🤓This day just keeps getting better and better
🦄 For all ya'll who's been waiting, @Uniswap V3 is now routed through #KyberSwap @ethereum @0xPolygon 🥳🎉Giving you degens the best rates, always 😉
Swap now at the best rates on ➡️https: //t.co/DuAhY5eI9O#DeFi #cryptocurrency pic.twitter.com/sgrxlhGHbJ
- Kyber Network (@KyberNetwork) April 7, 2022
