Source: Cointelegraph Original: "{title}"
Curve Finance, a decentralized lending protocol and exchange, told Cointelegraph that it set a new record of nearly $35 billion in trading volume in the first quarter of 2025.
Curve stated that the trading volume increased by over 13% compared to the first quarter of 2024, primarily due to a surge in transactions, rising from approximately 1.8 million to about 5.5 million in the first quarter of 2025.
Nevertheless, the strong trading volume in the first quarter occurred against the backdrop of a declining overall cryptocurrency market. According to CoinGecko, as of March 31, the total market capitalization of the global cryptocurrency market had decreased by over 20% since the beginning of the year.
Total Value Locked (TVL) of Curve over time. Source: DefiLlama
Changing DeFi Landscape
Launched in 2020, Curve has taken many measures over the past year to keep up with changes in the decentralized finance (DeFi) space.
In June 2024, Curve launched its stablecoin crvUSD to distribute fees to token holders, replacing the old model of paying holders through the 3crv liquidity pool.
In November, Curve partnered with the blockchain network Elixir to help BlackRock's tokenized money market fund BUIDL enter the DeFi space.
By the end of 2025, Curve plans to integrate its lending market into a single user interface and provide borrowers with more time to close positions before liquidation, Curve told Cointelegraph.
Curve founder Michael Egorov stated in March that he expects many decentralized exchanges (DEX) to evolve into customized platforms for stablecoins pegged to various currencies.
"The issue of exchanging stablecoins of different denominations (such as euros, dollars, etc.) has not been properly addressed. How to provide liquidity without incurring losses while earning substantial returns is an open question that I believe will be resolved soon," Egorov said.
Despite the increase in trading volume, according to DefiLlama, as of April 2, the total locked value (TVL) on the Curve platform was approximately $1.8 billion, down from about $2.5 billion at the beginning of the year.
Curve's native token, Curve DAO (CRV), currently has a market capitalization of approximately $640 million, having decreased by over 40% year-to-date, according to Cointelegraph.
Related: Arthur Hayes: If the Federal Reserve shifts to quantitative easing, Bitcoin will reach $250,000 by 2025.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
