KNC Surges 472.66% in 24 Hours Amid Strategic Governance Shifts

KNC, the native token of the Kyber Network, saw a significant price movement of 472.66% within the last 24 hours, reaching $0.4542 as of JUL 19 2025. The recent surge is attributed to a series of governance updates and community-driven initiatives that aim to enhance the token’s utility and long-term value.

Governance Reforms Drive Token Utility

The Kyber Network recently executed a major governance upgrade, transitioning key decision-making powers to a more decentralized model. This shift involved the activation of a new multi-sig wallet controlled by a broader coalition of stakeholders, reducing centralization and increasing transparency. The move was widely welcomed by the community, with many viewing it as a step toward more equitable token governance.

Alongside the governance changes, the Kyber team announced an updated tokenomics model. This includes a redistribution of a portion of transaction fees directly to KNC token holders, reinforcing the token’s role in the ecosystem. These changes have been seen as a direct response to community feedback and are expected to incentivize long-term holding.

Community Engagement and Ecosystem Expansion

A key factor behind the recent price action is the announcement of a new community grant program. This initiative, funded from a portion of the network’s revenue, is designed to support developers and projects that integrate with the Kyber Network. By fostering a more active and diverse ecosystem, the Kyber team is aiming to increase the real-world usage of the KNC token.

The grant program includes a tiered structure, with varying levels of support based on the scope and impact of proposed projects. Early applications have already been submitted, signaling strong interest from the broader DeFi community.

Developer Activity and Network Improvements

Recent on-chain activity has also shown an uptick in developer contributions. A new version of the KyberSwap interface was deployed earlier this month, featuring improved user experience and enhanced liquidity options. These updates are expected to drive more volume through the platform, further supporting the token’s utility.

Additionally, the Kyber team has been working on a new integration with several major decentralized exchanges, aiming to expand the reach of KNC-based liquidity pools. This expansion is expected to increase the token’s exposure and usage across a wider range of DeFi platforms.

Analysts Cautious Amid Volatility

Analysts project that the current price action may not be sustained without continued on-chain activity and adoption of the new governance framework. While the recent upgrades have been well-received, the long-term success of KNC will depend on how effectively the community engages with the new features and initiatives.