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KyberSwap to Launch on Sonic

Twitter icon  •  Published 3 months ago on September 20, 2024  •  Hassan Maishera

Sonic Labs, previously known as the Fantom Foundation, announced via X on Thursday that Kyber Network’s KyberSwap will launch on the Sonic blockchain.

KyberSwap to Launch on Sonic

Sonic Labs, previously known as the Fantom Foundation, announced via X on Thursday that Kyber Network’s KyberSwap will launch on the Sonic blockchain. KyberSwap is a multichain aggregator and DeFi hub that empowers users with the insights and tools to trade without intermediaries.

Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its FTM coin is down 5% in the last 24 hours and is currently trading at $0.6364.

Kyber Network is an on-chain liquidity protocol that aggregates liquidity reserves to allow instant and secure token exchange in multiple decentralized applications (dApps). KNC, the native token of the Kyber Network, is up 10% in the last 24 hours and currently trades at $0.4984.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.