Curve Finance clocks $35B trading volume in Q1 2025

Curve Finance, a decentralized lending protocol and alternate, notched record-breaking buying and selling volumes of practically $35 billion within the first quarter of 2025, a spokesperson for the protocol advised Cointelegraph. 

Buying and selling volumes elevated greater than 13% from the primary quarter of 2024, largely attributable to a surge in transactions, from round 1.8 million to some 5.5 million in Q1 2025, Curve mentioned. 

The sturdy Q1 volumes come amid total declines within the cryptocurrency market, with the overall market capitalization of cryptocurrencies dropping by greater than 20% within the year-to-date as of March 31, in keeping with information from CoinGecko.

Associated: Curve Finance launches ‘Financial savings crvUSD’ yield-bearing stablecoin

Altering DeFi Panorama

Launched in 2020, Curve has taken quite a few steps up to now 12 months to maintain tempo with the altering decentralized finance (DeFi) panorama.

In June 2024, Curve adopted crvUSD, its stablecoin, for payment distribution to tokenholders, changing an older mannequin that paid holders in shares of the 3crv liquidity pool.

In November, Curve partnered with Elixir, a blockchain community, to assist onboard BlackRock’s tokenized cash market fund, BUIDL, to DeFi. 

By the tip of 2025, Curve plans to consolidate its lending markets right into a single person interface and supply debtors with extra time to shut positions earlier than they’re liquidated, it advised Cointelegraph. 

Curve founder Michael Egorov mentioned in March that he expects many decentralized exchanges (DEXs) to evolve into bespoke platforms for stablecoins pegged to numerous foreign money denominations. 

“Exchanges between stablecoins of various denominations just like the euro, US greenback, and others aren’t but correctly solved. Easy methods to present liquidity with out shedding cash, however whereas incomes some huge cash, is sort of an open query that I believe might be solved quickly,” Egorov mentioned.

Regardless of the rise in transactions, the overall worth locked (TVL) on Curve’s platform is roughly $1.8 billion as of April 2, in keeping with information from DefILlama, down from highs of roughly $2.5 billion in the beginning of the 12 months.

Curve’s native token, Curve DAO (CRV), has a market capitalization of roughly $640 million at this writing, marking a greater than 40% decline within the year-to-date, in keeping with information from Cointelegraph.

Associated: BTC miners adopted ‘treasury technique,’ diversified enterprise in 2024: Report