Curve Finance Achieves Extraordinary Success Despite Sluggish Global Cryptocurrency Market

In the midst of a sluggish global cryptocurrency market, leading DeFi platform Curve Finance managed to score an extraordinary achievement.

Jakarta, pintunews – In the midst of sluggish global cryptocurrency market, leading DeFi platform Curve Finance achieved an extraordinary feat.

During the first quarter of 2025, Curve Finance reported a trading volume of nearly $35 billion, marking a 13% increase year-over-year.

This achievement is noteworthy considering that the global crypto market capitalization has fallen by more than 20% since the beginning of the year. The surge was driven by a significant increase in the number of user transactions on the Curve platform.

According to the latest data, around 1.8 million transactions were executed on Curve in the last three months of 2024, leading up to December 2024. However, this number shot up to 5.5 million transactions in the first three months of 2025.

The increase in user activity played a major role in boosting the platform’s trading volume. Curve is a stablecoin-specific decentralized exchange (DEX), and its primary function is to facilitate the exchange of stablecoins with minimal slippage.

At a time when many crypto projects are experiencing a decline in activity, Curve is showing its resilience and appeal as an innovative DeFi platform. This proves that the DeFi sector still has a niche of active users even though the market is in a correction phase.

Curve has also continued to innovate by introducing its own stablecoin, crvUSD, which is now used to distribute fees to token holders. This model replaces the old system of paying users with a share of the 3crv pool.

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According to Cointelegraph, by the end of 2024, Curve Finance is partnering with the Elixir blockchain network to help bring BlackRock’s tokenized money market fund, BUIDL, into the DeFi ecosystem.

This partnership shows that the traditional financial world is starting to look at the potential of collaboration with crypto technology.

Not only that, Curve also announced plans to simplify its loan marketplace interface and give borrowers more time before their positions are liquidated.

Michael Egorov, founder of Curve, shared his vision that DEX will focus more on cross-currency exchange of stablecoins such as euros and dollars in the future.

He highlighted the challenge of providing efficient liquidity without huge losses while remaining profitable. According to him, this challenge could soon be solved, opening up new opportunities in cross-stablecoin trading.

If successful, Curve could be a pioneer in opening up global cross-currency liquidity in the crypto world.

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Despite the increase in trading volume, Curve’s total value locked (TVL) has actually decreased.

As of April 2, 2025, Curve’s TVL was recorded at around $1.8 billion or 30 trillion IDR, down from a peak of $2.5 billion (41.8 trillion IDR) earlier in the year.

This decrease in TVL can be attributed to the decline in the price of Curve’s native token, Curve DAO (CRV).

Despite the drop in token price, volume and platform activity increased, indicating a shift in interest from price speculation towards real utilization in the cryptocurrency ecosystem.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.