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The Kyber Network - Decentralized Exchanges and Kyber

Written By Ivan on Tech

Jul 10, 2020

The Kyber Network offers a way to swap ETH and other ERC-20 tokens instantly without a centralized exchange (CEX). Kyber’s popularity has soared in 2020. In fact, the popularity of Decentralized Finance (DeFi) as a whole has. Just look at how the total value locked in US dollars has grown over the past few years:

  • 2018: $190 Million
  • 2019: $638 Million
  • 2020: $2 billion

The DeFi ecosystem consists of decentralized exchanges, insurance, stablecoins, synthetics, and money markets. Today, however, we will be focused on decentralized exchanges—specifically the Kyber Network—a fully on-chain liquidity protocol.

Decentralized Exchanges

If you read the previous article, “Decentralized Exchanges – What Is A DEX?”  then you already know some of the advantages of trading on a DEX. They are: 

  • Pseudo-anonymous: You can participate without filling out lengthy forms, providing background info, or an official ID. 
  • Automatic: So long as there is...
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