{
  "url": "https://blockindex.ai/coin/knc",
  "name": "Kyber Network",
  "links": {
    "github": "https://github.com/KyberNetwork",
    "website": "https://kyber.network/",
    "whitepaper": null
  },
  "dScore": 24,
  "market": {
    "priceUsd": 0.11703040475338844,
    "marketCapUsd": 24491559.66212794,
    "volume24hUsd": 2382167.64654856,
    "priceChange7dPct": -4.11293722,
    "priceChange24hPct": -3.13916635
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 209275185.48481157,
    "circulatingPct": null
  },
  "ticker": "KNC",
  "founder": "Loi Luu, Victor Tran, Yaron Velner",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:35.389807+00:00",
  "fairLaunch": false,
  "launchYear": 2017,
  "description": "Kyber Network (KNC) began in 2017 and emerged as one of the early Ethereum-native projects focused on decentralized liquidity and on-chain token swaps. Founded and led by a small team of blockchain researchers and engineers, the project raised capital in an ICO that concluded on September 15, 2017. From its origins as a single-protocol liquidity network, Kyber has broadened into a multi-chain liquidity hub centered around KyberSwap, a DEX aggregator and automated market maker family. The project’s stated mission is to provide deep, composable liquidity that can be integrated into DeFi applications and on-chain services, enabling more efficient markets and improved execution for traders and liquidity providers.\n\nTechnically, Kyber advanced through multiple product iterations, notably introducing the Dynamic Market Maker (DMM) in 2021 and the Elastic protocol in 2022. These designs focused on concentrated liquidity, customizable price ranges and auto-compounding of fees to boost capital efficiency for liquidity providers. Kyber’s architecture is token-centric (KNC is an ERC-20 token) and relies on Ethereum for settlement and security; KyberSwap aggregates liquidity across chains and DEXes to route trades for best execution. Development is public and open-source with repositories and documentation available on GitHub and the Kyber docs portal, and the project has undergone third-party security audits from providers such as Chainsecurity and Hacken.\n\nIn practical terms, KNC serves as both a utility and governance token. Holders can stake KNC in KyberDAO to participate in governance votes that determine protocol parameters, fee distribution and certain supply adjustments. KyberSwap’s product suite is aimed at professional liquidity provision and institutional integrations, offering features to reduce impermanent loss, increase fee accrual, and protect against predatory trading practices such as sniping. The tokenomics and supply evolution have varied across snapshots; market data in the provided files shows circulating supply and total supply figures from snapshots in 2022 with circulating supply roughly 190–191 million KNC and total supply figures in the ~223–241 million range depending on the source snapshot. Monetary policy is governance-driven: KyberDAO can vote on economic parameters rather than relying on a fixed inflation schedule.\n\nGovernance is a hybrid of organizational operations and on-chain community governance. Kyber operates as an organized company/group headquartered in the British Virgin Islands while simultaneously enabling token-holder governance through KyberDAO. The project lists institutional investors and is VC-funded, and it maintains active community channels and governance forums for proposals. Contributions and roadmap items accelerated during 2021–2022 with the DMM and Elastic releases, and the team continues to emphasize multi-chain integration and deeper liquidity routing as strategic priorities. The supplied materials indicate strong product focus and continued ecosystem integrations rather than a simple consumer token use case, and Kyber’s development posture remains centered on DeFi infrastructure, liquidity engineering and governance-led economic parameters.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "PoS",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 13,
    "governance": 11,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}