Kyber Network Deploys KyberSwap Aggregator and Classic Liquidity Protocols on zkSync Era

Kyber Network has always been focused on giving its users the most optimal swap rates safely & securely as the most efficient DEX in DeFi.

They are thrilled to announce a significant milestone for Kyber Network as they embark on a new journey by deploying KyberSwap on zkSync Era. This integration not only proves their position as a pioneering EVM DEX aggregator but also brings them closer to delivering the most optimal swap rates and seamless transactions in DeFi.

Kyber Network has successfully deployed KyberSwap’s aggregator and Classic liquidity protocol on zkSync Era, laying a strong foundation for further advancements and innovations in the near future. They also promise that there are more exciting developments to come as they continue to push the boundaries of decentralized finance.

Their deployment on zkSync Era includes the integration of native DEXs, such as Mute, Switch, SyncSwap and Velocore, further augmenting their liquidity offerings.

Kyber Network’s plans for zkSync Era

With the deployment of their Aggregator & Classic Liquidity Protocol, KyberSwap is well-positioned to take the lead as the primary Aggregator and liquidity backbone on zkSync Era, offering users a comprehensive and efficient trading experience as well as providing essential support to other protocols and partners.

To further bolster liquidity options and strengthen the ecosystem, they are actively forging collaborations with esteemed partners such as Lido Finance and QiDao Protocol and working closely with DEXs and aggregators to integrate their pools, expanding the accessibility and usability of their platform.

A major milestone on their roadmap is to bring a Rush of Liquidity with Elastic Liquidity and Farms. This strategic step will create a surge in Total Value Locked (TVL) on zkSync Era, ensuring vital liquidity for protocols, the foundation, and their valued partners.

In addition to liquidity enhancements, they are proud to announce that they will be deploying KyberAI, the first real AI-enabled trading tool on zkSync Era. This will empower zkSync Era users to trade with greater insight and confidence, opening new possibilities in the realm of DeFi trading.

About zkSync Era.

zkSync Era is the first zero-knowledge zkEVM for Ethereum, offering a Layer-2 protocol scaling solution backed by state-of-the-art Zero Knowledge (ZK) technology.

Launched in June 2020, zkSync showcased an initial transaction capacity of 300 transactions per second. zkSync 2.0 brought qualitatively different Features, such as Account Abstraction and EVM support through Solidity and Vyper.

On February 16, 2023, Matter Labs, the team behind zkSync, announced the rebranding of zkSync 2.0 into zkSync Era.

Furthermore, Matter Labs has received substantial funding, the largest among all L2 scaling solutions. This significant support further validates the immense potential of the zkSync Era.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, their flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$20 billion worth of transactions for thousands of users since its inception. Currently deployed across 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent, Optimism and Solana.

SOURCE:

https://blog.kyberswap.com/expanding-to-new-realms-kyber-network-deploys-kyberswap-aggregator-and-classic-liquidity-protocols-on-zksync-era/?utm_source=socials&utm_medium=article&utm_campaign=zksync

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