KyberSwap Chain Delisting

Event Details

KyberSwap, a leading decentralized exchange and liquidity hub by Kyber Network, announced via @KyberNetwork on X that it will cease support for Fantom, Scroll, and Blast chains starting May 1, 2025. Users are urged to withdraw funds from these chains by the deadline to avoid complications. KyberSwap, known for enabling seamless token swaps across 15+ chains, aims to streamline operations and focus on high-performing networks. This delisting could redirect liquidity to other chains, impacting DeFi users and projects on Fantom, Scroll, and Blast, which collectively hold $500M in TVL.

Recent News

Kyber Network has been active. On April 25, 2025, KyberSwap expanded to Unichain, enhancing its cross-chain capabilities. On April 28, it partnered with Heima ($HEI) for a new event, boosting community engagement (source: X posts by @cmcal_bot). However, KyberSwap faced a setback in November 2023, losing $45M in a hack, though it recovered $4.67M via negotiations (source: LinkedIn post by chainparser). Despite past challenges, Kyber Network remains a trusted liquidity protocol, endorsed by industry leaders like ParaFi Capital.

Future Plans

KyberSwap plans to deepen integrations on remaining chains like Ethereum, Polygon, and Unichain, aiming to boost swap efficiency by Q4 2025. The team is also exploring AI-driven liquidity aggregation to optimize rates, potentially setting a new standard for DEXs. Kyber Network aims to expand KyberDAO governance features, giving $KNC holders more control by 2026 (source: kyber.network).

Onchain Data

$KNC trades at $0.50 with a 24-hour volume of $15M and a market cap of $95M (188M circulating supply) as of April 2025 (source: CoinMarketCap). KyberSwap’s TVL across all chains is $150M, with Fantom, Scroll, and Blast accounting for 10% (source: DefiLlama). This delisting may shift liquidity to other chains, potentially increasing activity on Polygon and Arbitrum.

Community Sentiment

X users have mixed reactions. Some support the focus on stronger chains, while others worry about impacts on smaller ecosystems like Scroll. Sentiment remains cautiously optimistic, with trust in KyberSwap’s long-term vision. Risk Disclaimer: Withdraw funds by May 1 to avoid potential access issues; secure your wallet during transfers.

Why It Matters

This delisting reflects KyberSwap’s strategic pivot to optimize liquidity, potentially benefiting users on remaining chains. With cross-chain DeFi volume at $10B, KyberSwap’s focus could enhance swap rates and user experience. For traders, it’s a chance to reposition assets; for newbies, a reminder to stay updated. Act fast and stay tuned for KyberSwap’s next moves!