Curve Finance clocks $35B trading volume in Q1 2025

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Curve Finance, a decentralized lending protocol and exchange, notched record-breaking trading volumes of astir $35 cardinal successful the archetypal 4th of 2025, a spokesperson for the protocol told Cointelegraph.

Trading volumes accrued much than 13% from the archetypal 4th of 2024, mostly owed to a surge successful transactions, from astir 1.8 cardinal to immoderate 5.5 cardinal successful Q1 2025, Curve said.

The beardown Q1 volumes travel amid wide declines successful the cryptocurrency market, with the full marketplace capitalization of cryptocurrencies dropping by much than 20% successful the year-to-date arsenic of March 31, according to information from CoinGecko.

Changing DeFi Landscape

Launched successful 2020, Curve has taken galore steps successful the past twelvemonth to support gait with the changing decentralized concern (DeFi) landscape.

In June 2024, Curve adopted crvUSD, its stablecoin, for fee organisation to tokenholders, replacing an older exemplary that paid holders successful shares of the 3crv liquidity pool.

In November, Curve partnered with Elixir, a blockchain network, to assistance onboard BlackRock’s tokenized wealth marketplace fund, BUIDL, to DeFi.

By the extremity of 2025, Curve plans to consolidate its lending markets into a azygous idiosyncratic interface and supply borrowers with much clip to adjacent positions earlier they are liquidated, it told Cointelegraph.

Curve laminitis Michael Egorov said successful March that helium expects galore decentralized exchanges (DEXs) to evolve into bespoke platforms for stablecoins pegged to assorted currency denominations.

"Exchanges betwixt stablecoins of antithetic denominations similar the euro, US dollar, and others are not yet decently solved. How to supply liquidity without losing money, but portion earning a batch of money, is benignant of an unfastened question that I deliberation volition beryllium solved soon,” Egorov said.

Despite the emergence successful transactions, the full worth locked (TVL) connected Curve’s level is astir $1.8 cardinal arsenic of April 2, according to information from DefILlama, down from highs of astir $2.5 cardinal astatine the commencement of the year.

Curve’s autochthonal token, Curve DAO (CRV), has a marketplace capitalization of astir $640 cardinal astatine this writing, marking a much than 40% diminution successful the year-to-date, according to data from Cointelegraph.

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