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Kyber Network (KNC) gains 40% as its 3.0 network launch approaches

Excitement for the upcoming release of Kyber 3.0 is helping to boost KNC price by 40% as new governance features and lower Ethereum fees excite investors.
The explosion of interest in non-fungible tokens over the past two months has taken some of the attention away from the decentralized finance sector but this doesn’t mean that some projects are not seeing bullish breakouts.One project that has continued to work on expandin the capabilities of its ecosystem is the Kyber Network (KNC), an on-chain liquidity protocol that aggregates liquidity from multiple sources to enable instant token swaps on any decentralized application (DApp).KNC/USDT 4-hour chart. Source: TradingViewData from Cointelegraph Markets and TradingView shows that the price of KNC surged 50% over the past 24-hours, climbing from a low of $1.93 on March 16 to an intraday high of $2.89 on March 16. Optimism grows for Kyber 3.0The main driving force behind the growing optimism in the Kyber community is the upcoming launch of Kyber 3.0 which will “transition Kyber from a single protocol into a hub of purpose-driven liquidity protocols that are catered to different DeFi use cases.”The launch will be implemented in two phases which are dubbed Katana and Kaizen. The Katana phase is planned for Q1 and Q2 of 2021 and includes the launch of the Kyber dynamic market maker (DMM), a first for the young DeFi sector, along with a proposal for a KyberDAO and KNC upgrade. This is a significant development for the Kyber ecosystem as the DMM will provide benefits to liquidity providers …
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