Kyber Network Surges 23% on Upgrades

The recent platform enhancements include the "Smart Exit" feature, which lets liquidity providers automate the exiting of their positions based on preset conditions for profit-taking or risk management. KyberSwap's cross-chain functionality now extends across more than 24 blockchains, enabling asset swaps using liquidity from multiple providers in a single transaction. This price surge was backed by a massive spike in trading activity, with 24-hour volume for the KNC token soaring above $400 million across exchanges, a level not seen in several months. Such a significant increase in volume can amplify price movements when combined with strong buying pressure. Kyber's core product, KyberSwap, functions as a multi-chain decentralized exchange (DEX) aggregator. It connects to over 420 liquidity sources across more than 17 chains, intelligently routing trades to ensure users get the best possible rates by splitting orders across different pools. The native utility and governance token, Kyber Network Crystal (KNC), is central to the ecosystem. KNC holders can stake their tokens in the KyberDAO to vote on protocol upgrades, fee models, and other proposals, directly influencing the network's future development while earning staking rewards. To further broaden its liquidity access, Kyber Network recently completed an integration with Vaultedge and has another planned with Supernova. In May 2025, the protocol also integrated NEAR Intents to deepen cross-chain liquidity and improve swap stability and speed. The protocol has also experimented with AI-driven tools. It previously launched KyberAI, a feature that provided a predictive "KyberScore" for tokens by analyzing on-chain and off-chain data to signal bullish or bearish potential within 24 hours. This service was discontinued on December 28, 2023.