The transition marks Kyber Network’s next high growth phase.
With many major developments over the past year as well as in the 2022 pipeline, Kyber Network plans to build even more momentum and continue to contribute transformative technologies and on-chain infrastructure to the Decentralized Finance (DeFi) space. While Loi Luu has led Kyber Network to where it is today as co-founder and CEO, successfully delivering every milestone to date; the enormous changes in the space over the past two years and Kyber’s many upcoming high growth initiatives require a new management and team structure in order to rise to the challenge.
On that note, Kyber Network enters its next stage of growth with a strategic shift in leadership, the appointment of Victor Tran as its CEO. Meanwhile, Loi Luu, the former CEO and co-founder of Kyber Network, will remain on the leadership team in the capacity of Chairman of Kyber Group to oversee all Kyber activities.
The newly appointed CEO, Victor Tran, is the former CTO and co-founder of Kyber Network, as well as a Forbes 30 under 30 Asia alumni. Victor has a strong engineering background; having studied Computer Science at Vietnam National University, where he first met Loi Luu, with whom he would later go on to build Kyber Network.
With his experience since the early days, Victor has an in-depth understanding of Kyber Network and its enormous potential. Having demonstrated both his leadership and management capabilities over the years, it is clear that Victor is well-positioned to take Kyber to new heights, especially at a time when not only DeFi, but the entire crypto space is growing and transforming at an exponential rate.
Kyber entered the DeFi space as a key contributor to cutting-edge technology and infrastructure. The space has since undergone massive changes, with crypto adoption increasing by 880% over 2021 alone. It is no longer an early, experimental industry with only a few thousand users, but now a 3 trillion USD market with tens of millions of users around the world.
Victor will be bringing his own unique brand of leadership to Kyber, helping the team and community navigate this fast-changing DeFi landscape and execute on their goals. Under his guidance, Kyber can look forward to a new era of growth and development.
Past and Present
Kyber Network was established with a mission to build an innovative decentralized exchange (DEX) protocol to address the core need for seamless token swaps and liquidity in the cryptocurrency ecosystem. It has made a name for itself as one of the first and biggest DeFi protocols in the world since its launch in 2017. It also contributed to the space with its liquidity infrastructure as well as its development of wrapped Bitcoin (WBTC) and DEX aggregation.
More recently, Kyber 2021 was filled with many notable milestones. It was the first to introduce capital efficiency through the launch of DeFi’s first dynamic market maker protocol, KyberSwap, and its deployment to six blockchain networks. TVL reached an all time high of over $500 million and trading volume surpassed $4.7 billion. KyberSwap also launched its DEX aggregation feature, providing the best rates on all on-chain trades via split trading and dynamic routing.
Together with our new leaders and community support, Kyber aims to hit even more milestones in 2022 and beyond.
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