Kyber Network (KNC)— Monthly Report June 2020
Kyber Network Monthly Coin Update
On-chain liquidity protocol that allows decentralized token swaps.
3 Key Areas of Focus for Q2 Onward.
- Cementing Kyber’s position as the liquidity layer for DeFi by having the majority of takers and makers using Kyber as their single on-chain endpoint.
- Executing on Katalyst — a major protocol upgrade to encourage participation for key stakeholders in the Kyber ecosystem.
- Expanding value creation options for KNC (Kyber Network Crystal) holders, and putting them at the heart of Kyber’s governance through the KyberDAO.
Recent News
- $1Billion USD Volume and 1M Transactions since mainnet launch.
- KNC Listed on FTX
- New token reserves for GHT, TRYB, 2KEY, PLR, BUSD.
- New KyberDAO staking partners and integrations: BiLira, DEXTF, StakeWithUs, Stake Capital, League of Kingdoms, 2Key and Protofire.
- Joined the Chicago DeFi Alliance
- Highest number of unique addresses with just under 15k addresses using Kyber in the last month (and note these numbers exclude DeFi dapp’s users who interact with Kyber so the actual usage numbers are certainly higher).
Network Stats
Monthly:
Top 10 Kyber Network Integrations
Top 10 Tokens by Volume
Transaction Stats
Number of Transactions:
- 7-Day Avg: 1.86k txs
- 7-Day High: 2.3k txs (June 20 2020)
- 7-Day Low: 1.54k txs (June 18 2020)
Transaction Volume in USD:
- 7-Day Avg: $8.81m
- 7-Day High: $13.83m (June 15 2020)
- 7-Day Low: $5.48m (June 20 2020)
Ownership (June 12 2020)
Team Token Balance
Within the last 30 days, Kyber Network’s Multisig wallet has seen a 0.09% release of tokens.
KNC Token Release Schedule
- Private Sale & Early Investor tokens all unlocked in September 2017 (74,803,953 KNC)
- Public Sale tokens all unlocked September 2017 (57,568,314 KNC)
- Team and Advisor tokens (41,982,255 KNC) will be vested over 2 years with a one year lockup (16,070,001 KNC unlocked September 2018) and then released quarterly beginning in December 2018 (4,017,500 KNC released quarterly through September 2019); 9,842,253 remaining team tokens are reserved for new team members and will be issued & unlocked as needed
- Reserve tokens will be used on an ongoing basis to fund operations (42,580,754 KNC); 800,000 reserve tokens were released in September 2018
Technical Analysis
KNC/BTC is consolidating in an ascending triangle on the higher time-frames, after a nice run to the upside. If we break out our next target would be between 0.00020504 and 0.00021503 sats.
Social Media
Travelling might be severely restricted due to the pandemic but that hasn’t stopped Kyber from attending online meetups and conferences, talking on podcasts, and featuring on YouTube channels to talk about all things Kyber and Katalyst.
Loi was recently on a panel with the founders of 0x and Uniswap to discuss all things liquidity at the Mainnet conference whilst Kyber also had the opportunity to debate interoperability within DeFi with Ren and Thorchain at Reimagine2020.
Kyber’s Marketing Manager Shane participated in a DeFi Italy AMA while in Japan Taisuke co-organized an online meetup with MakerDAO to dive deep into TVL, Kyber v Uniswap, and all things DeFi. And over in China, Jeff, our Chinese community representative, gave a highly popular presentation on Kyber to over 20k viewers.
So if you’re sitting on your coach in isolation and wondering what to do and how to pass time, here’s some Kyber-related podcast and videos from the last 30 days:
Coindesk — Why Kyber Network Tokens Tripled to $100M Despite Recession
Decentralised.co — The Numbers Behind Kyber Network
Blockonomi — Kyber Crosses 1 Billion Trading Volume Mark
Fitzner Consulting — Token Pick: Kyber Network Crystal
TheStreet — Kyber Gets Boost From Growth in Decentralized Finance
The Defiant — Arthur: DeFi Will Eat Traditional Finance
If you’re looking for more general reading and viewing on a wide range of Kyber-related topics from last month, here are some featured articles and videos:
Other Articles: AltcoinBuzz, DappRadar, CryptoBriefing, CryptoTicker, BitcoinWiki
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