A major aggregator of decentralized exchanges has launched an intuitive new feature that allows traders to find out which tokens are trending right now — and the cryptocurrencies that could be next.
KyberSwap's Discover feature harnesses their own TrueSight technology and brings together on-chain data, trading volumes and price trendlines to help investors stay ahead of the game — including intelligence from CoinMarketCap and CoinGecko.
The platform says it's the first DEX to deliver a "Trending Soon" feature, KyberSwap gives crypto enthusiasts crucial signals about the altcoins that are gaining momentum.
Discover is the latest feature to be added to KyberSwap, which takes pride in offering a seamless user experience and no Know Your Customer checks. Dynamic trade routing automatically ensures that investors get the lowest possible rates by instantaneously comparing dozens of decentralized exchanges, while Pro Live Chart offers cutting-edge tools to boost technical analysis.
KyberSwap has now been deployed across 11 major chains and aggregates liquidity from over 80 DEXs — reducing trading costs at a time when high transaction fees are in the spotlight. Ethereum (ETH), Polygon (MATIC), Arbitrum, Avalanche (AVAX) and Optimism (OP)are just some of the networks that benefit from its infrastructure.
"As Kyber Network's flagship product, KyberSwap DEX aims to provide traders and liquidity providers with the best trading experience. Not only does our protocol ensure the best earnings, but we are constantly improving our UI to provide our users with the tools they need to create a seamless experience and make their trading journey easier," the team shares,
Enhancing usability
KyberSwap's Discover page means this crypto trading hub is more than a place for swapping tokens — but a crucial resource for finding intelligence and ensuring that their users are ahead of the game and not just following the crowd.
But of course, it's important to remember that the Trending Soon feature isn't designed to be treated as financial advice — and it should be used as part of wider research before purchasing decisions are made.
When blended in with the latest discussion on crypto forums, social sentiment tools like LunarCrush and other crypto-dedicated social media channels — not to mention news coverage — it could become a potent tool for crypto traders who are determined to have their fingers on the pulse in this fast-moving market.
Of course, this tool is part of the wider Kyber Network. Over the past five years, Kyber Network's goal has been to make DeFi accessible, easy, fast and secure; the company also considers its Discover tool the first of what it calls its “TrueSight data and tool stack” to help users navigate DeFi better with superior technology and automation.
More insights from Kyber Network
hereKeep building
KyberSwap says that it's determined to continue building and offering crypto investors the experience of accessible DeFi.
Its aggregator was launched six months ago and has already won plaudits for being one of the most efficient tools on the market. More integrations are on the way, too — and Kyber prides itself on working directly with the foundations such as Avalanche, BitTorrent and BNB.
Over the past five years, the platform has amassed trading volumes of $7 billion — all while making crypto safer and more affordable for participants. And as its fifth anniversary approaches, Kyber Network has plans to commemorate the occasion with community livestreams, incentive programs and new product updates.
Education is another key tenet of Kyber Network's strategy, and to this end, it's partnered with the likes of Binance, Bitcoin Magazine and TechInAsia to demystify cryptocurrency and take digital assets to the masses.
Hindsight can be a wonderful thing. Imagine knowing what Bitcoin (BTC) and Ethereum would have achieved before their explosive bull runs began. Through Kyber Network's Discover, traders can cut through the noise and find out which cryptocurrencies are gaining momentum right now — effortlessly filtering through the more than 19,800 now in existence.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
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