Kyber Network Crystal v2 (KNC)

I notice that @KyberNetwork is always in top 5 DEX Aggregators

Today, being #3 in 24H and 7D volume while supporting 23 chains is genuinely impressive.

• Competitors are either single-chain monsters or have different strengths.

• Only OKX (35 chains) has broader coverage among the top 5, but Kyber brings more pure DeFi aggregator with its own liquidity (Elastic + FairFlow).

• Plus, $7.05b in 30 days is respectable and shows real usage. The Smart Settlement improvements contribute to better execution, which helps maintain this ranking.

Just saw the stats of @KyberNetwork and realised how structurally misunderstood protocol it is.

On the surface it looks like a beaten-down DEX that hasn't recovered from a 2023 hack but in reality, the underlying business is a pure routing engine👇

➥ Generating $7.26B in monthly aggregator volume
➥ Ranks as the 2nd EVM DEX aggregator globally by volume
➥ Has reclaimed market leadership on Ethereum (~31% Ethereum aggregator share
➥ Just shipped the first PropAMM integration in the aggregator industry

The market is pricing it as dead but the data shows it's a restructuring aggregator business with 1.08 bps take rate + $3.6M annualized fee runrate + a 2026 product stack (Smart Settlement, FairFlow, Limit Order 2.0) that could inflect the take rate materially upward.

Highly underated IMO.

h/t to @DefiLlama for the data