Curve Finance, a decentralized lending protocol and exchange, notched record-breaking trading volume of nearly $ 35 billion in the first quarter of 2025, a spokesman for the cointelegraph protocol said.
Trade volumes rose more than 13% from the first quarter of 2024, mainly due to a flow to transactions, from about 1.8 million to 5.5 million in Q1 2025, Curve said.
Strong Q1 volume comes amidst a general decline in the cryptocurrency market, with a total market capitalization of cryptocurrencies that decreases more than 20% during the year-to-date to March 31, According to to data from coingecko.
The total amount of curve locked (TVL) over time. Source: Delete
Related: Curve Finance launches ‘Savings Crvusd’ Ani-Bearing Stablecoin
Change of defi landscape
Launched in 2020, the curve took several steps in the last year to keep pace with the change of decentralized views of Decentralized (DEFI).
In June 2024, Curve adopted Crvusd, its stablecoin, for distribution of fee to tokenholdersReplacing an older model that pays holders in sharing 3CRV Liquidity pool.
In November, curve Working with Elixir.
By the end of 2025, the curve plans to combine -combine lending markets into a single user interface and provide more time to close positions before they are liquid, it said to the cointelegraph.
Curve founder Michael Egorov said in March that he expects many decentralized exchanges (Dex) Grew up on bespoke platforms For stablecoins that are turned into a variety of currency denominations.
“The exchanges between stablecoins of various denominations such as Euro, US dollar, etc. have not been properly resolved. How to give liquidity without losing money, but while making a lot of money, are kind of an open question that I think will be resolved soon,” Egorov said.
Despite the increase in transactions, the total amount locked (TVL) on the curve platform is approximately $ 1.8 billion to April 2, according to data from Defillama, from a high $ 2.5 billion at the start of the year.
The native token of curve, curve dao (CRV), has a market capitalization of approximately $ 640 million in this writing, marking more than 40% decline in the year-to-date, according to Data from cointelegraph.
Related: BTC Miners adopted the ‘Treasury Strategy,’ Diversified Business in 2024: Report
