Curve Financing, a decentralized financing procedure and exchange, notched record-breaking trading volumes of almost $35 billion in the very first quarter of 2025, a representative for the procedure informed Cointelegraph.
Trading volumes increased more than 13% from the very first quarter of 2024, mainly due to a rise in deals, from around 1.8 million to some 5.5 million in Q1 2025, Curve stated.
The strong Q1 volumes come amidst general decreases in the cryptocurrency market, with the overall market capitalization of cryptocurrencies coming by more than 20% in the year-to-date since March 31, according to information from CoinGecko.
Curve’s overall worth locked (TVL) in time. Source: DefiLlama
Related: Curve Financing releases ‘Cost savings crvUSD’ yield-bearing stablecoin
Altering DeFi Landscape
Released in 2020, Curve has actually taken various actions in the previous year to equal the altering decentralized financing (DeFi) landscape.
In June 2024, Curve embraced crvUSD, its stablecoin, for charge circulation to tokenholders, changing an older design that paid holders in shares of the 3crv liquidity swimming pool.
In November, Curve partnered with Elixir, a blockchain network, to assist onboard BlackRock’s tokenized cash market fund, BUIDL, to DeFi.
By the end of 2025, Curve strategies to combine its financing markets into a single interface and supply debtors with more time to close positions before they are liquidated, it informed Cointelegraph.
Curve creator Michael Egorov stated in March that he anticipates numerous decentralized exchanges (DEXs) to develop into bespoke platforms for stablecoins pegged to different currency denominations.
” Exchanges in between stablecoins of various denominations like the euro, United States dollar, and others are not yet correctly fixed. How to supply liquidity without losing cash, however while making a great deal of cash, is sort of an open concern that I believe will be fixed quickly,” Egorov stated.
In spite of the increase in deals, the overall worth locked (TVL) on Curve’s platform is around $1.8 billion since April 2, according to information from DefILlama, below highs of approximately $2.5 billion at the start of the year.
Curve’s native token, Curve DAO (CRV), has a market capitalization of around $640 million at this writing, marking a more than 40% decrease in the year-to-date, according to information from Cointelegraph.
Related: BTC miners embraced ‘treasury method,’ varied organization in 2024: Report