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KNC — Kyber Network Crystal
Finds the best swap price across many chains.
What it is for
- Set out to
- On-chain liquidity and swapping through its own pools.
- Today in addition
- An aggregator across many chains, Limit Order 2.0, a Uniswap v4 connection.
- Notable
- An aggregator that at the same time runs its own liquidity pools.
- Strength
- Connections to many chains.
- Weakness
- Loss of trust and a halved workforce after the 2023 attack.
Contract address
Chain: Ethereum
0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.
Excluded after the assessment
47 of 100 obtainable points, share 47.0 percent – excluded.
Exit depth 24,810 dollars at Coinbase and Kraken combined, threshold 25,000 dollars. This asset trades on 14 of the 15 largest exchanges. The rule measures only two venues.
This figure fluctuates heavily. For Kyber it fell on September 5, 2026 within fourteen minutes from 26,316 to 24,810 dollars — from above to below the threshold. For dYdX the first measurement was off by more than a factor of two. A single measurement therefore decides nothing; an asset is excluded only if it falls below in two separate measurements.
That is a statement about tradability, not about the holding. All discarded assets
Score
47of 100
Market capitalization
$24Mas stored
against Bitcoin, 90 days
—not against the dollar
CoinMarketCap
#9444numeric identifier
This asset is not in the sector barometer.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | $1.163,909 satJuly 20, 2021 | $3.566,300 satMay 6, 2021 | in dollars +$1.13 (+96.7%)against Bitcoin +13.2%from $1.16 on July 20, 2021 to $2.29 on September 5, 2021 | in dollars -$2.39 (-67.2%)against Bitcoin -38.0%from $3.56 on May 6, 2021 to $1.16 on July 20, 2021 |
Only partly measured: reliable trading only from April 20, 2021. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle. |
| Year by year |
| 2021: in dollars -30.5% (from $2.97 to $2.06) · against Bitcoin -41.9% |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $0.2713355.80 satApril 8, 2025 | $1.121,571 satMarch 14, 2024 | in dollars +$0.3626 (+133.7%)against Bitcoin +51.7%from $0.2713 on April 8, 2025 to $0.6339 on July 12, 2025 | in dollars -$0.8498 (-75.8%)against Bitcoin -77.4%from $1.12 on March 14, 2024 to $0.2713 on April 8, 2025 |
| Year by year |
| 2022: in dollars -17.7% (from $0.5533 to $0.4556) · against Bitcoin -21.5% |
| 2023: in dollars +53.2% (from $0.4577 to $0.7014) · against Bitcoin -39.8% |
| 2024: in dollars -27.1% (from $0.7235 to $0.5276) · against Bitcoin -65.5% |
| 2025: in dollars -37.3% (from $0.5486 to $0.3440) · against Bitcoin -52.5% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $0.0995158.00 satAugust 14, 2026 | $0.1410180.36 satSeptember 14, 2026 | in dollars +$0.0415 (+41.7%)against Bitcoin +14.2%from $0.0995 on August 14, 2026 to $0.1410 on September 14, 2026 | in dollars -$0.00980 (-7.0%)against Bitcoin -4.7%from $0.1410 on September 14, 2026 to $0.1312 on September 17, 2026 |
| Year by year |
| 2026: in dollars +24.0% (from $0.1058 to $0.1312) · against Bitcoin -4.9% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
The four questions that are always answered
Net supply and issuance pressure8 of 20
Starting valuation and size leverage14 of 14
Survivability8 of 12
Relative strength against Bitcoin3 of 6
the score is calculated from all twelve criteria. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of September 5, 2026.
The figures in detail
Price, as stored$0.1163
against Bitcoin, 7 days—
against Bitcoin, 30 days—
listed on CoinMarketCap sinceApril 2021
Age since listing5.38 years
Fees relative to valuationnot determined
Supply still lockednot researched
hard supply capnot researched
Carried by Nexocarried
Trading venues of 15 checked14 of 15
The fifteen largest centralized exchanges by the CoinMarketCap ranking were counted, as of September 5, 2026. Decentralized exchanges do not count. Bybit is not included in any figure, because the venue was not reachable through sixteen address forms. Which five venues are the best for each asset has not been collected yet.
Finding
For this asset the summarized finding has not yet been transferred to this page. The individual reasons for all twelve criteria are in the assessment file Special run D, September 4, 2026.
Investors and partners: not researched — awards no points, because projects with large backers did not perform better.
Nexo: Carried by Nexo — purchase page documented on September 1, 2026.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.