According to Odaily, Kyber Network, a prominent blockchain platform, has released its monthly trading volume update. The KyberSwap Aggregator API generated a trading volume of $2.3 billion in May 2024. This substantial figure indicates a significant level of activity on the platform.
In addition to the impressive trading volume, the platform also experienced a surge in user activity. Over 353,000 users conducted transactions on KyberSwap, marking it as the second-largest month in terms of user base. This growth in user activity underscores the increasing popularity and adoption of the Kyber Network platform.
These figures highlight the growing influence of Kyber Network in the blockchain industry. The high trading volume and user growth suggest that the platform is becoming a preferred choice for many users in the blockchain space. The platform's performance in May 2024 indicates a promising future for Kyber Network as it continues to attract more users and generate high trading volumes.