KyberSwap, a next-gen DEX aggregator and liquidity protocol, announced its launch on Arbitrum in response to an increasing need for faster and cheaper trades to KyberSwap.

Arbitrum, a Layer-2 scaling solution, aims to reduce transaction fees and congestion by moving as much computation and data storage off of Ethereum’s main blockchain (layer-1) as it can while retaining the security from Ethereum.

This partnership will give KyberSwap users near-instant transaction finality and low transaction fees without sacrificing security.

KyberSwap, currently deployed on Ethereum, Polygon, BSC, Avalanche, Fantom, and Cronos networks, has added Arbitrum as its seventh deployment site to improve traders’ fees and fairer trading experience.

“With decentralization comes challenges. Our current DeFi ecosystem with network congestion, high gas fees, and slippage creates barriers against a seamless decentralized economy.”

“This partnership between KyberSwap and Arbitrum for Ethereum chain transactions is a big step forward towards creating the fastest, cheapest, and most seamless experience and will be a win for all our users.” – Victor Tran, CEO, and Co-Founder, Kyber Network.