Kyber Network

Kyber Network is a decentralized liquidity protocol based in Singapore, enabling instant, on-chain cryptocurrency exchanges and conversions without intermediaries. It serves as a critical infrastructure layer, powering various decentralized applications (dApps) such as exchanges, funds, lending protocols, and payment wallets by providing essential on-chain liquidity within the DeFi ecosystem. The platform operates on a token-based model, utilizing KNC tokens for governance and liquidity provision, and has seen over 10 million KNC tokens burned by October 2017 to manage supply. Demonstrating significant scale, Kyber Network surpassed 1 million active users by mid-2025. Key figures associated with the organization include co-founders Loi Luu, Victor Tran, and Yaron Velner, with Ethereum co-founder Vitalik Buterin serving as an advisor. Kyber Network was founded in 2017 by Loi Luu, Victor Tran, and Yaron Velner.