Kyber Network has announced the introduction of HoneyPot and Fee-on-Transfer Detection, aiming to enhance security and transparency within its platform. These new features are designed to identify and mitigate potential risks associated with malicious smart contracts and hidden transaction fees, respectively.

The HoneyPot Detection feature will alert users to smart contracts that may be designed to trap unsuspecting participants. Meanwhile, the Fee-on-Transfer Detection will provide greater visibility into hidden fees that could impact transaction costs.

These measures come at a time when the blockchain industry faces increasing scrutiny and regulatory challenges. Despite these advancements, market sentiment remains cautious as regulatory pressures and security concerns continue to weigh heavily on the sector.