By launching its aggregator on Solana, KyberSwap has expanded its DeFi presence. The integration would enable the platform to provide swap rates on Solana in a secure and user-friendly manner.
This new development makes KyberSwap the first EVM decentralized exchange aggregator to offer competitive swap rates on Solana. Kyber Network’s end goal has always been to become the most efficient DeFi aggregator possible, and this partnership represents a significant step in the direction of achieving that objective.
According to the latest post by KyberSwap, Solana stands as a real innovation, hosting genuine builders and teams. The platform possesses the potential to become a mainstream leader in the coming time.
In addition to the integration, the parties are also active participants in a number of other projects. One such instance is their work in Vietnam, where the platforms have provided marketing assistance for a year.
Mentoring and partnership in the accelerator program are included in the collaboration. In addition, the integration consists of grants for content creators.
Solana has a large user base since it is one of the quickest blockchain networks. Its use cases in DeFi, NFTs, and GameFi assist multiple platforms in introducing innovation to the market. Since the majority of KyberSwap customers enjoy DeFi, it seems natural to form a collaboration with Solana.
Solana is advancing with a decentralized exchange, and aggregator is developing a multi-chain interoperability platform. On the other hand, KyberSwap earns a new platform to develop while progressing towards becoming the most widely used DEX globally.