Thread by @sassal0x

0/ @KyberNetwork seems to be flying under many peoples radars (including mine) so I thought it would be a good idea to put together a thread on why I believe Kyber is the "unsung hero" of Ethereum.

(thread)

1/ First, a quick recap on what the Kyber Network actually is.

"Kyber Network builds a liquidity pool of tokens to facilitate token swaps. Different parties, including Kyber itself, maintain their own pools called reserves.

...continued in next tweet...

2/ Each reserve is a smart contract that is controlled by reserve admin who deployed it. Reserves vary in supported tokens, liquidity and conversion prices. When a user wants to exchange one token for another, Kyber scans all reserves to pick the cheapest one."

3/ Kyber is currently integrated with a total of 57 different products and services spread across 11 categories!

Wallets make up the bulk of this integration with many of them using Kyber's @KyberSwap feature to quickly & securely swap tokens.

4/ You can see in the picture below that March was an explosive month for Kyber across various mobile wallets with volumes on both @imTokenOfficial and @enjin up over 200%!

5/ On to DeFi - Kyber has been a beneficiary of both @getnuo and @easwapHQ's recent growth through its integration into the respective platforms.

Nuo is the 9th highest trading entity on Kyber and Easwap ETH volume has grown from 50 ETH to 200 ETH per week.

6/ Continuing with DeFi apps - the most mind-blowing stat is that in the first 3 months of 2019, @UniswapExchange has fulfilled almost 12k swaps worth $9.5mil through Kyber.

This is because Uniswap sees its liquidity used wherever there is Kyber integration (mostly wallets).

7/ Overall, @KyberNetwork has seen consistent growth across various metrics over the last 6 months. This growth was spurred by various integrations into wallets (especially mobile) and I expect this to continue as time goes on.

8/ Thanks for reading and I hope that this thread was able to shine a light on a project that I feel is under-appreciated in the DeFi space!

Source for all of the data in the blog post below!

blog.kyber.network/kyber-ecosyste…