Kyber Ecosystem Report December 2020

This article was first published on Kyber Network - Medium
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Happy New Year fellow Kyberians,

We hope you had a festive season with your families and are ready to kick off 2021 with a bang. As we closed off 2020, here at the Kyber team we started preparing for the next major innovation in decentralized liquidity provision. EtherDelta introduced liquidity 1.0 on Ethereum, while Kyber Network, Uniswap, and a whole cohort of liquidity protocols followed up with version 2.0, and we now believe we have the technical expertise and product-market-fit understanding to deliver the next level of liquidity provision and evolve to 3.0.

We will be unveiling full details of what we are building in due course but it is important to acknowledge the foundations that were laid over the past year for us to be able to take this next step.

Twelve months ago when we announced the KyberDAO, we knew it would serve as the backbone to an ever-growing network of liquidity sources. Since launch, this DAO has proved itself capable of coordinating between a large number of stakeholders to vote and enact governance proposals and we feel confident in its future ability to be at the core of Kyber Network.

In parallel, demand for Kyber Network’s liquidity continued to increase throughout the year and 2020 ended with an almost ten-fold increase in volume over 2019. A large group of stakeholders including the DeFi Alliance, ParaFi Capital, and multiple staking partners validated Kyber’s direction by building strong bridges with it while a wide range of DApps from Axie Infinity to Gelato Finance hooked into its smart contracts for their liquidity needs. KNC continued to list across large exchanges including Coinbase and Kraken, and we can say Kyber Network and its ecosystem have grown in leaps and bounds in 2020.

It is also true that some liquidity protocols outpaced Kyber ...

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Kyber Network - Medium

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