Curve Finance (CRV) Achieves Record $35B Trading Volume as Technicals Point to Potential 23% Rally Above $0.55 Resistance

Curve Finance (CRV), a leading decentralized exchange focused on stablecoin swaps, has reported a record-breaking trading volume of nearly $35 billion

Despite a strong start to 2025 with nearly $35 billion in trading volume in the first quarter, a 13% year-over-year increase due to surging transaction activity, a key resistance level will decide if the cryptocurrency experiences double-digit gains or further decline from present levels.

According to data from DeFi protocol, transactions on the protocol increased dramatically, rising from around 1.8 million in the first quarter of 2024 to 5.5 million in the first quarter of 2025.

This growth occurs despite the broader bitcoin market showing a 20% decline in total market capitalization year-to-date by the end of March, according to CoinGecko figures.

DeFi protocol’s TVL fell from nearly $2.5 billion at the start of the year to around $1.8 billion by April 2, according to DeFi protocol, but the protocol’s increased activity amid broader market declines highlights rising user adoption.

Protocol Adjustments Drive Through Changing DeFi Landscape

Several deliberate adjustments by Curve Finance have aided its adaptation to the evolving DeFi landscape.

The protocol shifted its native stablecoin, crvUSD, for fee distribution to token holders from its previous methodology paying holders in portions of the 3crv liquidity pool in June.

Moreover, in November Curve teamed up with Elixir to help bring BlackRock’s tokenized money market fund, BUIDL, into the DeFi ecosystem.

Finally, in January, Curve is planning to merge its loan markets into a single user interface and provide borrowers with longer durations before liquidation.

Recently, Curve announced on Tuesday that it would be working with Resupply to improve capital efficiency for crvUSD. Through better use as collateral and for lending, this partnership aims to make the stablecoin more versatile, thereby boosting demand for both crvUSD and CRV.

CRV/USD Technical Analysis Points to Potential Double-Digit Gains

Technically, CRV has shown strength this week with nearly a 15% advance; however, on Wednesday it met rejection at its 200-day Exponential Moving Average (EMA), at $0.55.

This level corresponds with a declining trendline that has been in place since early December, hence generating a major resistance zone.

Its upward indication after bouncing off its neutral level of 50, the daily Relative Strength Index (RSI) reading of 55 hints toward a bullish future.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator also displayed a positive crossing last week, implying ongoing upward trend.

A good break above the $0.55 resistance level might set off a 23% climb to the $0.69 level.

Should bulls keep momentum above this level, CRV could be able to extend gains by an extra 20%, thereby retesting its January 31 high of $0.83.

On-chain data supports the good technical view. According to Coinglass, more traders are betting on price rise than down, with CRV’s long-to-short ratio of 1.05.

Furthermore, with a positive OI-Weighted Funding Rate of 0.0079%, the market seems to be supporting upward price movement.

Although CRV’s present market capitalization of about $640 million shows a more than 40% drop year-to-date, if Curve Finance can overcome important resistance levels in the next weeks, record trading volumes, strategic protocol developments, suggest Curve Finance may be positioned for recovery.