Kyber Network, a pioneer in the decentralized finance (DeFI) space, has announced the deployment of its flagship product, KyberSwap, on zkSync Era. The deployment of KyberSwap Aggregator and Classic Liquidity Protocols on zkSync marks the 14th chain integration for Kyber Network, providing users with enhanced liquidity, improved transaction speeds and reduced fees.
ZkSync Era joins a notable list of networks, including Polygon, BNB, BitTorrent, Arbitrum and Optimism, offering a diverse range of options for KyberSwap users. The integration of zkSync native DEXs, such as Mute.Switch, SyncSwap and Velocore, combined with KyberSwap’s capital efficient protocols, further strengthens KyberSwap’s liquidity offerings, ensuring users can enjoy a seamless, cost-effective, user-friendly trading and earning experience even on this new blockchain.
Victor Tran, CEO and co-founder of Kyber Network, said:
“We are thrilled to deploy on zkSync, a groundbreaking milestone for our platform. ZkSync Era sets itself apart with innovative features and aligns perfectly with our vision of providing the most efficient trading experience while preserving the core values of decentralization. We believe in zkSync’s potential to revolutionize the industry, and we are excited to be at the forefront of this technological advancement.”
With native account abstraction and a powerful LLVM compiler, zkSync Era ensures a seamless transition for Ethereum users and empowers developers to create high-performance decentralized applications (DApps). This integration opens up new possibilities for Kyber Network and its users, enabling them to access increased scalability, cost-effectiveness and a user-friendly trading environment.
Macro Cora, senior vice president of business operations at Matter Labs, said:
“We’re excited to see zkSync Era’s burgeoning DeFi ecosystem continue to flourish with the deployment of KyberSwap. Matter Labs, the team behind zkSync Era, is on a mission to accelerate the mass adoption of crypto for personal freedom. To do so, we’re building a protocol that is trustless, secure, permissionless, affordable, easy to use and limitlessly scalable. DEX aggregators like KyberSwap play an important role in the ecosystem by making DeFi easier to use and more affordable, ultimately driving greater adoption.”
As part of Kyber Network’s plans for zkSync, KyberSwap aims to become the primary aggregator and liquidity backbone on the platform. Collaborations with esteemed partners such as Lido Finance and QiDao Protocol, along with integrations with DEXs and aggregators, will strengthen liquidity options and expand the platform’s accessibility.
Additionally, Kyber Network plans to deploy KyberAI, an AI-enabled trading tool, on to zkSync, empowering users with greater insights and confidence in their trading strategies. Incentive programs will be introduced to engage early adopters and reward their support.
By embracing zkSync Era, Kyber Network is shaping the future of decentralized finance. The team remains committed to pushing the boundaries of innovation, delivering cutting-edge solutions and unlocking the true potential of DeFi for users worldwide.