曲線融資（CRV）達到創紀錄的$ 35B交易量

曲線融資（CRV）是一項專注於Stablecoin掉期的領先的分散交易所，報告了創紀錄的交易量接近350億美元

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.

儘管第一季度的交易量近350億美元，但由於交易活動激增，同比增長了13％，但關鍵的阻力水平將決定加密貨幣的經歷是兩位數的兩位數增長還是從當前水平進一步下降。

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.

根據DEFI協議的數據，該協議的交易急劇增加，從2024年第一季度的180萬增加到2025年第一季度的550萬。

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.

據Coingecko數據稱，儘管比特幣市場更廣泛地顯示，到3月底，總市值下降了20％，但這種增長仍在發生。

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.

根據DEFI協議，DEFI協議的TVL從年初的近25億美元下降到4月2日的18億美元，但該協議的活動增加，由於更廣泛的市場下降，重點介紹了用戶採用的增長。

Protocol Adjustments Drive Through Changing DeFi Landscape

協議調整通過改變Defi景觀的發展

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

通過曲線融資進行了一些故意的調整，有助於適應不斷發展的Defi景觀。

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.

該協議將其本地Stablecoin CRVUSD轉移到了6月3CRV流動性池中部分的持有人之前，將費用分配給令牌持有者。

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

此外，11月曲線與Elixir合作，幫助將BlackRock的令牌化貨幣市場基金Buidl帶入Defi生態系統。

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

最後，在一月份，Curve計劃將其貸款市場合併為單個用戶界面，並在清算之前為藉款人提供更長的持續時間。

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.

最近，Curve在周二宣布將與補給合作，以提高CRVUSD的資本效率。通過更好地利用抵押品和貸款，該合作夥伴關係旨在使Stablecoin更加通用，從而提高對CRVUSD和CRV的需求。

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

CRV/USD技術分析指出了潛在的兩位數增長

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.

從技術上講，CRV本週表現出了近15％的進步。但是，在周三的200天指數移動平均線（EMA）為0.55美元。

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

該級別與自12月初以來一直存在的趨勢線相對應，因此產生了一個主要的阻力區。

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.

它的向上跡象表明，在中立50水平的彈跳後，每天的相對力量指數（RSI）讀取了55個提示的​​看漲未來。

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

同時，移動平均收斂差異（MACD）指標上周也表現出正面的交叉，這意味著持續的上升趨勢。

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

高於0.55美元的電阻水平的良好休息可能會使23％的攀升至0.69美元。

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.

如果公牛保持勢頭高於此水平，CRV可能能夠額外增加20％，從而將其1月31日的高點重新測試為0.83美元。

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.

鏈上數據支持良好的技術視圖。根據Coinglass的數據，比下降的貿易商押注更多的賭注，CRV的長期比率為1.05。

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

此外，以0.0079％的陽性OI加權融資率，該市場似乎正在支持向上的價格變動。

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.

儘管CRV目前的市值約為6.4億美元，顯示出40％以上的跌幅，但如果曲線融資可以在接下來的幾週內克服重要的抵抗水平，創紀錄的交易量，戰略協議的發展，則表明曲線融資可能定位為恢復。