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Kyber Network is a decentralized exchange protocol that enables instant token swaps and liquidity provision on the blockchain, allowing users and dApps to exchange cryptocurrencies without intermediaries. Its key feature is the automated market maker model that aggregates liquidity from multiple sources, providing competitive rates and fast settlement times directly from users' wallets. What sets Kyber Network apart is its focus on seamless integration with other DeFi applications and its ability to facilitate cross-chain transactions, making it a critical infrastructure layer for decentralized finance ecosystems.