|Total Value Locked||24H|
|in ETH||15.1K ETH||-1.2%|
|in BTC||283 BTC||-0.4%|
|ETH Locked||6.1K ETH||-191 ETH|
|% Supply Locked||0.01%|
Kyber Network is an on-chain liquidity protocol that lets token holders contribute liquidity (called reserves). The Kyber Network offers multiple types of reserves, each of which exists as a smart contract controlled by whoever deployed it. For example, Kyber Network maintains its own reserve. Kyber doesn’t use order books; when a user initiates a trade, Kyber returns the best price across all reserves. The Kyber Network can be integrated into dApps to enhance user experience. Vendors and wallets can also use the Kyber Network to allow users, customers, and businesses to swap, pay with, or receive their token of choice in a single transaction. Kyber has a native token called KNC, which reserve managers are required to stake and use to pay fees (upon the execution of trades) for the right to operate reserves. The most common way of accessing the Kyber Network is through KyberSwap, a decentralized exchange on Ethereum that uses on-chain matching to instantly swap tokens.