A Beginner’s Guide to Ethereum Scaling SolutionsRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$1.55B+2.3%
in ETH513K ETH+6.7%
in BTC36K BTC+6.8%
ETH Locked51.91K ETH-1.2K ETH
% Supply Locked0.04%
Blockchain
Ethereum
Most Locked$BNT
Protocol Token$BNT

Total Value Locked (USD) in Bancor

  • TVL (USD)
  • ETH
  • BTC
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is Bancor?

Bancor is a protocol on Ethereum for non-custodial token exchange using pooled liquidity. Like Kyber and Uniswap, Bancor doesn’t use order books, which means users can trade without the need for a counterparty. Bancor employs an algorithmic market-making mechanism through the use of “Smart Tokens,” which ensure liquidity and accurate prices by maintaining a fixed ratio vis-à-vis connected tokens (e.g., ETH) and adjusting their own supply. After a record-breaking ICO in June 2017, Bancor launched its web interface for decentralized exchange in October 2017. In September 2018, Bancor expanded beyond Ethereum to offer exchange with EOS and POA Network. Bancor has a native token called Bancor Network Token (BNT), which serves as a Smart Token hub that connects all other tokens in the Bancor Network, enabling instant trades among any asset supported by Bancor.


How to use Bancor?

The best way to use the Bancor Network is through Bancor’s native web app at bancor.network. The Bancor wallet supports conversion to non-ETH-based tokens.

KyberDMM, from Kyber Network, Arrives on Binance Smart Chain

Earlier this year, Kyber Network unveiled its Kyber 3.0 upgrade, becoming a hub of different liquidity protocols. At the heart…

2021-09-02Read more >

AMA with Professor JEY, Founder of Integral

This blog post was produced from a transcript of our live AMA with Professor JEY (and his assistant) founder of…

2021-08-31Read more >

AMA with Shane Hong, Head of Marketing for Kyber Network

This blog post was produced from a transcript of our live AMA with Shane Hong, Head of Marketing for Kyber…

2021-07-21Read more >

Kyber 3.0 Sees Revamp to Liquidity Hub Architecture

As a known player in the DeFi industry, Kyber Network is experienced at adapting to meet the ecosystem’s needs for…

2021-06-18Read more >