KyberSwap

KyberSwap is a non-custodial, multichain DEX aggregator and liquidity platform from Kyber Network. It routes trades across many on-chain liquidity sources to find optimal execution and also offers LP tools and dashboards (e.g., Kyber Earn) across multiple networks. As of 2025, KyberSwap reports support for ~17 chains and $20B+ in cumulative on-chain volume.

Key Features

• Best-rate Aggregation: Smart routing across DEXs on each supported chain; the aggregator can be used via UI or API.
• Cross-Chain Swaps (from one UI): Integrated partners power token swaps across chains, with status tracking and transparent routes/fees.
• LP & Yield Toolkit: Pool explorer, “zap” actions, and portfolio views to manage liquidity positions across chains.
• Governance (KNC / KyberDAO): Voting campaigns resumed post-Elastic incident; part of fees/value flows toward DAO per roadmap.

Key Takeaways

• What it is: A multichain swap aggregator plus LP utilities—trade and manage liquidity without giving up custody.
• Cross-chain convenience: One interface to compare and execute routes between chains via audited partner bridges/routers.
• Security history to note: On Nov 22, 2023, the KyberSwap Elastic concentrated-liquidity pools were exploited; the team’s post-mortem cites ~$55.2M taken (≈$48.7M by the primary exploiter) and outlines recovery efforts and grants for affected LPs.
• Roadmap focus (2025): Gas-saving router upgrades, FairFlow (capturing MEV/arbitrage value for LPs/DAO), cross-chain UX, and new conditional trading/DCA APIs. (Some items shipped, others rolling out through 2025.)

Final Thoughts

KyberSwap is best viewed as a go-to aggregator for multichain token swaps, with growing LP/automation tools layered on top. For routine swaps, it’s handy to compare routes here before executing; for LPs, features like zaps and pool explorers simplify management. As always, size trades with slippage in mind and stay aware of protocol-level risks—particularly if interacting with concentrated-liquidity products.